HighPoint Advisor Group LLC increased its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 1,497.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,071 shares of the real estate investment trust’s stock after acquiring an additional 45,061 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Piedmont Office Realty Trust were worth $956,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in PDM. Teachers Advisors LLC increased its position in Piedmont Office Realty Trust by 3.0% during the first quarter. Teachers Advisors LLC now owns 187,341 shares of the real estate investment trust’s stock worth $4,005,000 after acquiring an additional 5,389 shares during the period. Dimensional Fund Advisors LP increased its position in Piedmont Office Realty Trust by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,181,817 shares of the real estate investment trust’s stock worth $46,647,000 after acquiring an additional 78,038 shares during the period. UBS Group AG increased its position in Piedmont Office Realty Trust by 11.5% during the first quarter. UBS Group AG now owns 14,563 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 1,500 shares during the period. BlackRock Inc. increased its position in Piedmont Office Realty Trust by 3,921.0% during the first quarter. BlackRock Inc. now owns 9,609,860 shares of the real estate investment trust’s stock worth $205,459,000 after acquiring an additional 9,370,868 shares during the period. Finally, AQR Capital Management LLC increased its position in Piedmont Office Realty Trust by 17.8% during the first quarter. AQR Capital Management LLC now owns 190,109 shares of the real estate investment trust’s stock worth $4,065,000 after acquiring an additional 28,664 shares during the period. 84.13% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the stock. 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 on the stock in a research report on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price target on shares of Piedmont Office Realty Trust in a research report on Friday, November 3rd. BidaskClub lowered shares of Piedmont Office Realty Trust from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Robert W. Baird raised shares of Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and raised their target price for the company from $23.00 to $24.00 in a report on Monday, August 28th. Finally, ValuEngine lowered shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $22.33.

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Piedmont Office Realty Trust, Inc. (PDM) traded up $0.15 during mid-day trading on Tuesday, reaching $20.34. 1,061,900 shares of the company’s stock traded hands, compared to its average volume of 709,331. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.78. Piedmont Office Realty Trust, Inc. has a 52-week low of $18.87 and a 52-week high of $23.08. The company has a market cap of $2,914.87, a price-to-earnings ratio of 11.41, a P/E/G ratio of 2.89 and a beta of 0.62.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, November 24th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.13%. The ex-dividend date is Wednesday, November 22nd. Piedmont Office Realty Trust’s dividend payout ratio is currently 62.69%.

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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