Hsbc Holdings PLC Grows Stock Position in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Hsbc Holdings PLC increased its position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 26.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,112 shares of the real estate investment trust’s stock after purchasing an additional 18,136 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Piedmont Office Realty Trust worth $614,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PDM. Sigma Planning Corp purchased a new position in Piedmont Office Realty Trust in the 4th quarter worth approximately $71,000. Campbell & CO Investment Adviser LLC purchased a new position in Piedmont Office Realty Trust during the third quarter worth approximately $60,000. Scharf Investments LLC acquired a new position in Piedmont Office Realty Trust during the fourth quarter worth $94,000. Inceptionr LLC purchased a new stake in Piedmont Office Realty Trust in the 4th quarter valued at $98,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Piedmont Office Realty Trust in the 3rd quarter worth $74,000. 84.48% of the stock is owned by institutional investors and hedge funds.

Piedmont Office Realty Trust Trading Up 1.2 %

NYSE:PDM traded up $0.08 on Friday, hitting $6.91. The stock had a trading volume of 657,694 shares, compared to its average volume of 799,331. The company has a fifty day moving average price of $6.54 and a two-hundred day moving average price of $6.53. The stock has a market cap of $856.08 million, a price-to-earnings ratio of -11.33 and a beta of 1.14. The company has a quick ratio of 1.49, a current ratio of 1.90 and a debt-to-equity ratio of 1.23. Piedmont Office Realty Trust, Inc. has a 1-year low of $4.91 and a 1-year high of $8.05.

Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.65). The business had revenue of $145.33 million during the quarter, compared to analyst estimates of $146.37 million. Piedmont Office Realty Trust had a negative net margin of 12.90% and a negative return on equity of 4.29%. Equities research analysts expect that Piedmont Office Realty Trust, Inc. will post 1.51 earnings per share for the current fiscal year.

Piedmont Office Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be issued a $0.125 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.50 annualized dividend and a yield of 7.24%. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is currently -81.97%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd.

Piedmont Office Realty Trust Profile

Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.