Piedmont Office Realty Trust, Inc. (PDM) Holdings Raised by Chicago Equity Partners LLC

Chicago Equity Partners LLC raised its position in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 304.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,840 shares of the real estate investment trust’s stock after purchasing an additional 40,540 shares during the period. Chicago Equity Partners LLC’s holdings in Piedmont Office Realty Trust were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Piedmont Office Realty Trust by 4.7% in the 2nd quarter. SG Americas Securities LLC now owns 8,060 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 364 shares during the last quarter. Blue Sky Asset Management LLC purchased a new stake in shares of Piedmont Office Realty Trust in the 2nd quarter valued at approximately $173,000. PNC Financial Services Group Inc. increased its position in shares of Piedmont Office Realty Trust by 19.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,654 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 1,404 shares during the last quarter. Financial Counselors Inc. increased its position in shares of Piedmont Office Realty Trust by 0.5% in the 2nd quarter. Financial Counselors Inc. now owns 10,454 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 47 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Piedmont Office Realty Trust by 6.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,401 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 737 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) opened at $19.96 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market cap of $2,923.53, a price-to-earnings ratio of 11.44, a P/E/G ratio of 2.90 and a beta of 0.62. Piedmont Office Realty Trust, Inc. has a 52-week low of $18.87 and a 52-week high of $23.08.

Piedmont Office Realty Trust (NYSE:PDM) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. The firm had revenue of $137.59 million for the quarter, compared to the consensus estimate of $140.39 million. Piedmont Office Realty Trust had a net margin of 33.72% and a return on equity of 4.06%. During the same period last year, the firm posted $0.41 EPS. research analysts predict that Piedmont Office Realty Trust, Inc. will post 1.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, November 24th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, November 22nd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is 62.69%.

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A number of brokerages have commented on PDM. Zacks Investment Research raised shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 target price on shares of Piedmont Office Realty Trust in a research report on Friday, November 3rd. BidaskClub downgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Robert W. Baird raised shares of Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and increased their target price for the company from $23.00 to $24.00 in a research report on Monday, August 28th. Finally, ValuEngine downgraded shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $22.33.

About Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc is an integrated self-managed real estate investment trust (REIT). The Company’s business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture.

Institutional Ownership by Quarter for Piedmont Office Realty Trust (NYSE:PDM)

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