Eii Capital Management Inc. purchased a new stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 44,230 shares of the real estate investment trust’s stock, valued at approximately $892,000.

Several other large investors have also made changes to their positions in PDM. Daiwa Securities Group Inc. lifted its holdings in shares of Piedmont Office Realty Trust by 15.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 13,000 shares of the real estate investment trust’s stock valued at $274,000 after acquiring an additional 1,700 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Piedmont Office Realty Trust by 30.9% in the 2nd quarter. IFP Advisors Inc now owns 14,593 shares of the real estate investment trust’s stock valued at $308,000 after acquiring an additional 3,449 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Piedmont Office Realty Trust by 8.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,486,643 shares of the real estate investment trust’s stock valued at $31,339,000 after acquiring an additional 121,743 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Piedmont Office Realty Trust by 83.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 25,065 shares of the real estate investment trust’s stock valued at $525,000 after acquiring an additional 11,430 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of Piedmont Office Realty Trust in the 2nd quarter valued at about $396,000. 83.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Piedmont Office Realty Trust, Inc. (PDM) remained flat at $$20.06 during midday trading on Thursday. The stock had a trading volume of 749,800 shares, compared to its average volume of 711,307. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.78. The firm has a market cap of $2,896.10, a P/E ratio of 11.33, a P/E/G ratio of 2.86 and a beta of 0.63. Piedmont Office Realty Trust, Inc. has a 52-week low of $19.10 and a 52-week high of $23.08.

Piedmont Office Realty Trust (NYSE:PDM) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $137.59 million during 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 quarter last year, the firm earned $0.41 earnings per share. equities research analysts predict that Piedmont Office Realty Trust, Inc. will post 1.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, November 24th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, November 22nd. Piedmont Office Realty Trust’s payout ratio is currently 62.69%.

A number of brokerages recently 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 target for the company in a report on Wednesday, October 11th. ValuEngine raised shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $21.00 price target on shares of Piedmont Office Realty Trust in a report on Thursday, September 21st. Finally, Robert W. Baird raised shares of Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the company from $23.00 to $24.00 in a report on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Piedmont Office Realty Trust presently has an average rating of “Hold” and a consensus target price of $22.33.

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Piedmont Office Realty Trust Profile

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.

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

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