UBS Group AG lowered its holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 21.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 266,116 shares of the real estate investment trust’s stock after selling 70,695 shares during the quarter. UBS Group AG’s holdings in Piedmont Office Realty Trust were worth $4,699,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PDM. First Trust Advisors LP grew its stake in shares of Piedmont Office Realty Trust by 44.0% in the 1st quarter. First Trust Advisors LP now owns 107,580 shares of the real estate investment trust’s stock worth $2,243,000 after purchasing an additional 32,856 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Piedmont Office Realty Trust by 24.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 40,763 shares of the real estate investment trust’s stock worth $907,000 after acquiring an additional 8,068 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Piedmont Office Realty Trust by 2.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,079 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 880 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Piedmont Office Realty Trust in the fourth quarter worth approximately $454,000. Finally, Presima Inc. increased its position in shares of Piedmont Office Realty Trust by 1.2% in the fourth quarter. Presima Inc. now owns 50,200 shares of the real estate investment trust’s stock worth $1,116,000 after acquiring an additional 600 shares in the last quarter. 84.53% of the stock is currently owned by institutional investors.

Shares of PDM opened at $14.68 on Friday. The company’s 50 day moving average price is $16.45 and its 200 day moving average price is $20.46. Piedmont Office Realty Trust, Inc. has a 52 week low of $12.85 and a 52 week high of $24.78. The company has a market capitalization of $1.85 billion, a PE ratio of 9.85 and a beta of 0.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.77 and a current ratio of 1.77.

Piedmont Office Realty Trust (NYSE:PDM) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). Piedmont Office Realty Trust had a net margin of 34.94% and a return on equity of 10.75%. The company had revenue of $137.20 million for the quarter, compared to analysts’ expectations of $121.05 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date is Thursday, May 28th. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is presently 46.93%.

Several research analysts have recently weighed in on PDM shares. Stifel Nicolaus dropped their target price on shares of Piedmont Office Realty Trust from $24.00 to $18.00 and set a “hold” rating on the stock in a research report on Friday, April 3rd. Zacks Investment Research downgraded shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 29th. ValuEngine downgraded shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, April 21st. Robert W. Baird lifted their target price on shares of Piedmont Office Realty Trust from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, SunTrust Banks lowered their price objective on shares of Piedmont Office Realty Trust from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. One investment 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’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.25.

In other Piedmont Office Realty Trust news, Director Dale H. Taysom bought 2,000 shares of Piedmont Office Realty Trust stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $14.14 per share, for a total transaction of $28,280.00. Following the completion of the purchase, the director now directly owns 23,137 shares of the company’s stock, valued at $327,157.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Glenn Gary Cohen bought 5,000 shares of Piedmont Office Realty Trust stock in a transaction on Monday, May 4th. The stock was acquired at an average price of $16.07 per share, with a total value of $80,350.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $80,350. The disclosure for this purchase can be found here. Insiders acquired 10,000 shares of company stock valued at $153,420 over the last quarter. Corporate insiders own 0.71% of the company’s stock.

About Piedmont Office Realty Trust

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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