Quantbot Technologies LP Buys New Stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Quantbot Technologies LP bought a new stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 62,519 shares of the real estate investment trust's stock, valued at approximately $572,000. Quantbot Technologies LP owned approximately 0.05% of Piedmont Office Realty Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of PDM. Barclays PLC raised its holdings in shares of Piedmont Office Realty Trust by 88.7% in the third quarter. Barclays PLC now owns 237,407 shares of the real estate investment trust's stock worth $2,398,000 after acquiring an additional 111,596 shares during the last quarter. JPMorgan Chase & Co. increased its position in Piedmont Office Realty Trust by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,534,770 shares of the real estate investment trust's stock worth $15,501,000 after purchasing an additional 478,560 shares in the last quarter. Franklin Resources Inc. raised its stake in Piedmont Office Realty Trust by 72.5% in the 3rd quarter. Franklin Resources Inc. now owns 148,046 shares of the real estate investment trust's stock valued at $1,519,000 after purchasing an additional 62,233 shares during the last quarter. Choreo LLC lifted its holdings in Piedmont Office Realty Trust by 4.0% in the 4th quarter. Choreo LLC now owns 54,024 shares of the real estate investment trust's stock valued at $484,000 after purchasing an additional 2,078 shares in the last quarter. Finally, Wilsey Asset Management Inc. boosted its stake in shares of Piedmont Office Realty Trust by 2.0% during the 4th quarter. Wilsey Asset Management Inc. now owns 3,953,542 shares of the real estate investment trust's stock worth $36,175,000 after purchasing an additional 77,220 shares during the last quarter. Institutional investors and hedge funds own 84.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Truist Financial reiterated a "buy" rating and issued a $10.00 price target (down from $11.00) on shares of Piedmont Office Realty Trust in a report on Tuesday, February 25th. Robert W. Baird decreased their price objective on Piedmont Office Realty Trust from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Finally, Baird R W lowered Piedmont Office Realty Trust from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 16th.

Piedmont Office Realty Trust Trading Up 0.5 %

PDM stock traded up $0.04 on Tuesday, hitting $7.41. 783,026 shares of the company were exchanged, compared to its average volume of 823,955. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.10 and a quick ratio of 2.22. The stock has a market capitalization of $921.24 million, a price-to-earnings ratio of -11.75 and a beta of 1.25. Piedmont Office Realty Trust, Inc. has a twelve month low of $6.27 and a twelve month high of $11.12. The business's fifty day moving average is $7.69 and its two-hundred day moving average is $8.92.

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts' consensus estimates of $0.37. Piedmont Office Realty Trust had a negative return on equity of 4.82% and a negative net margin of 13.86%. The business had revenue of $143.23 million during the quarter, compared to the consensus estimate of $142.16 million. As a group, research analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Piedmont Office Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 6.75%. The ex-dividend date of this dividend was Friday, February 21st. Piedmont Office Realty Trust's dividend payout ratio is currently -79.37%.

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.