OMERS ADMINISTRATION Corp raised its stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 110.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 234,500 shares of the real estate investment trust’s stock after buying an additional 123,200 shares during the period. OMERS ADMINISTRATION Corp owned about 0.16% of Piedmont Office Realty Trust worth $5,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PDM. Public Employees Retirement Association of Colorado boosted its stake in Piedmont Office Realty Trust by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 4,666 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 18 shares during the period. Daiwa Securities Group Inc. boosted its stake in Piedmont Office Realty Trust by 3.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,400 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Piedmont Office Realty Trust by 7.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,553 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 515 shares during the period. Creative Planning boosted its stake in Piedmont Office Realty Trust by 367.1% in the third quarter. Creative Planning now owns 7,581 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 5,958 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Piedmont Office Realty Trust by 14.1% in the third quarter. PNC Financial Services Group Inc. now owns 7,981 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 985 shares during the period. Hedge funds and other institutional investors own 84.08% of the company’s stock.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) traded down 0.29% during mid-day trading on Friday, reaching $20.62. The company’s stock had a trading volume of 86,403 shares. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 14.77 and a beta of 0.60. The stock has a 50-day moving average price of $20.39 and a 200-day moving average price of $20.85. Piedmont Office Realty Trust, Inc. has a one year low of $16.93 and a one year high of $22.28.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Friday, November 25th were given a $0.21 dividend. The ex-dividend date was Tuesday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.06%. Piedmont Office Realty Trust’s payout ratio is 61.31%.

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Separately, Zacks Investment Research cut Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.00.

About Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc (Piedmont) is an integrated self-managed real estate investment trust specializing in the acquisition, ownership, management, development and disposition of primarily Class A office buildings located in the United States office markets. The Company operates through its real estate assets segment.

5 Day Chart for NYSE:PDM

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