Parametrica Management Ltd acquired a new position in Piedmont Office Realty Trust, Inc. (NYSE:PDM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,725 shares of the real estate investment trust’s stock, valued at approximately $277,000.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Piedmont Office Realty Trust by 1.0% during the second quarter. BlackRock Inc. now owns 9,707,520 shares of the real estate investment trust’s stock valued at $204,634,000 after buying an additional 97,660 shares during the last quarter. LSV Asset Management lifted its position in shares of Piedmont Office Realty Trust by 1.4% during the second quarter. LSV Asset Management now owns 6,801,281 shares of the real estate investment trust’s stock valued at $143,370,000 after buying an additional 95,600 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Piedmont Office Realty Trust by 1.0% during the second quarter. American Century Companies Inc. now owns 5,265,600 shares of the real estate investment trust’s stock valued at $110,999,000 after buying an additional 54,084 shares during the last quarter. State Street Corp lifted its position in shares of Piedmont Office Realty Trust by 4.5% during the first quarter. State Street Corp now owns 4,777,715 shares of the real estate investment trust’s stock valued at $102,146,000 after buying an additional 205,578 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Piedmont Office Realty Trust by 14.1% during the second quarter. Northern Trust Corp now owns 2,291,801 shares of the real estate investment trust’s stock valued at $48,311,000 after buying an additional 283,654 shares during the last quarter. 82.68% of the stock is owned by institutional investors.

Several analysts have commented on PDM shares. Stifel Nicolaus reissued a “hold” rating and set a $21.00 price target on shares of Piedmont Office Realty Trust in a research report on Thursday, September 21st. Robert W. Baird raised shares of Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $23.00 to $24.00 in a research report on Monday, August 28th. Zacks Investment Research lowered shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. BidaskClub lowered shares of Piedmont Office Realty Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine lowered shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Piedmont Office Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $22.67.

Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. Piedmont Office Realty Trust had a return on equity of 2.67% and a net margin of 9.71%. During the same period in the previous year, the company earned $0.41 earnings per share.

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 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Wednesday, November 22nd. Piedmont Office Realty Trust’s dividend payout ratio is currently 221.06%.

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Piedmont Office Realty Trust Company 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.

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

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