Bessemer Group Inc. bought a new position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 69,900 shares of the real estate investment trust’s stock, valued at approximately $1,323,000. Bessemer Group Inc. owned 0.05% of Piedmont Office Realty Trust at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Atria Investments LLC acquired a new stake in shares of Piedmont Office Realty Trust during the second quarter worth $216,000. Bank of Montreal Can raised its holdings in shares of Piedmont Office Realty Trust by 44.9% during the second quarter. Bank of Montreal Can now owns 549,370 shares of the real estate investment trust’s stock worth $10,949,000 after purchasing an additional 170,234 shares during the period. Hartford Investment Management Co. acquired a new stake in shares of Piedmont Office Realty Trust during the second quarter worth $276,000. Foster & Motley Inc. raised its holdings in shares of Piedmont Office Realty Trust by 36.8% during the second quarter. Foster & Motley Inc. now owns 91,878 shares of the real estate investment trust’s stock worth $1,831,000 after purchasing an additional 24,722 shares during the period. Finally, Meeder Asset Management Inc. raised its holdings in shares of Piedmont Office Realty Trust by 899.8% during the second quarter. Meeder Asset Management Inc. now owns 17,206 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 15,485 shares during the period. Institutional investors own 87.42% of the company’s stock.

PDM stock opened at $18.90 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.75 and a current ratio of 1.75. Piedmont Office Realty Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $20.57. The stock has a market capitalization of $2.43 billion, a P/E ratio of 10.80, a PEG ratio of 1.38 and a beta of 0.58.

Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.04. Piedmont Office Realty Trust had a net margin of 10.13% and a return on equity of 2.95%. The business had revenue of $129.71 million for the quarter, compared to analysts’ expectations of $127.24 million. During the same quarter last year, the company earned $0.42 EPS. As a group, research analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Friday, November 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.44%. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is presently 48.00%.

In other news, Director Dale H. Taysom acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were acquired at an average price of $17.85 per share, with a total value of $35,700.00. Following the acquisition, the director now directly owns 16,808 shares in the company, valued at $300,022.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.76% of the stock is owned by company insiders.

PDM has been the topic of a number of research reports. ValuEngine cut shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. TheStreet cut shares of Piedmont Office Realty Trust from a “b-” rating to a “c+” rating in a report on Monday, October 8th. Finally, Zacks Investment Research cut shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Piedmont Office Realty Trust presently has an average rating of “Hold” and an average price target of $21.50.

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Piedmont Office Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select sub-markets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $5 billion portfolio is currently comprised of approximately 17 million square feet.

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

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