Robeco Institutional Asset Management B.V. Purchases 87,618 Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM - Free Report) by 13.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 727,347 shares of the real estate investment trust's stock after purchasing an additional 87,618 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.59% of Piedmont Office Realty Trust worth $7,346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilsey Asset Management Inc. boosted its stake in Piedmont Office Realty Trust by 50.2% during the 2nd quarter. Wilsey Asset Management Inc. now owns 3,899,800 shares of the real estate investment trust's stock valued at $28,274,000 after purchasing an additional 1,302,681 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Piedmont Office Realty Trust by 7,041.3% in the second quarter. Marshall Wace LLP now owns 914,092 shares of the real estate investment trust's stock valued at $6,627,000 after acquiring an additional 901,292 shares during the period. SG Americas Securities LLC boosted its stake in shares of Piedmont Office Realty Trust by 694.5% during the first quarter. SG Americas Securities LLC now owns 590,715 shares of the real estate investment trust's stock valued at $4,153,000 after purchasing an additional 516,367 shares in the last quarter. Swedbank AB purchased a new position in Piedmont Office Realty Trust during the first quarter worth about $3,488,000. Finally, Vanguard Group Inc. increased its position in shares of Piedmont Office Realty Trust by 2.1% during the first quarter. Vanguard Group Inc. now owns 19,219,805 shares of the real estate investment trust's stock valued at $135,115,000 after buying an additional 394,282 shares during the period. Hedge funds and other institutional investors own 84.48% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Truist Financial reiterated a "buy" rating and issued a $11.00 price target (up from $10.00) on shares of Piedmont Office Realty Trust in a report on Wednesday, August 14th. Robert W. Baird increased their price objective on Piedmont Office Realty Trust from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, StockNews.com raised shares of Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, July 23rd.

Piedmont Office Realty Trust Stock Up 1.0 %

Shares of PDM traded up $0.10 on Friday, hitting $10.31. 594,590 shares of the stock traded hands, compared to its average volume of 857,390. The business has a 50 day simple moving average of $10.04 and a 200 day simple moving average of $8.52. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.22 and a current ratio of 2.22. The company has a market capitalization of $1.28 billion, a PE ratio of -16.47 and a beta of 1.21. Piedmont Office Realty Trust, Inc. has a one year low of $5.37 and a one year high of $11.11.

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.46). Piedmont Office Realty Trust had a negative net margin of 13.47% and a negative return on equity of 4.61%. The company had revenue of $139.29 million for the quarter, compared to analysts' expectations of $143.56 million. During the same quarter in the previous year, the business posted $0.43 EPS. As a group, equities analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.5 earnings per share for the current fiscal year.

Piedmont Office Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 22nd will be paid a $0.125 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.50 annualized dividend and a yield of 4.85%. Piedmont Office Realty Trust's payout ratio is currently -80.64%.

Piedmont Office Realty Trust Profile

Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") NYSE: PDM is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.