Raymond James Financial Services Advisors Inc. raised its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,216 shares of the real estate investment trust’s stock after purchasing an additional 1,536 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Piedmont Office Realty Trust were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in 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 purchasing an additional 95,600 shares during the last quarter. American Century Companies Inc. lifted its holdings in 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 purchasing an additional 54,084 shares during the last quarter. WBI Investments Inc. purchased a new stake in Piedmont Office Realty Trust during the second quarter valued at about $7,498,000. Paragon Capital Management Ltd purchased a new stake in Piedmont Office Realty Trust during the second quarter valued at about $246,000. Finally, AQR Capital Management LLC lifted its holdings 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 valued at $4,065,000 after purchasing an additional 28,664 shares during the last quarter. 82.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Piedmont Office Realty Trust, Inc. (PDM) opened at $19.73 on Monday. The firm has a market capitalization of $2,848.46, a PE ratio of 11.15, a PEG ratio of 2.81 and a beta of 0.62. 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 (NYSE:PDM) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $140.39 million. During the same period in the prior year, the firm posted $0.41 earnings per share. analysts anticipate that Piedmont Office Realty Trust, Inc. will post 1.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, November 24th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Wednesday, November 22nd. Piedmont Office Realty Trust’s payout ratio is 62.69%.

COPYRIGHT VIOLATION NOTICE: “Raymond James Financial Services Advisors Inc. Acquires 1,536 Shares of Piedmont Office Realty Trust, Inc. (PDM)” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.watchlistnews.com/raymond-james-financial-services-advisors-inc-acquires-1536-shares-of-piedmont-office-realty-trust-inc-pdm/1682486.html.

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price target on shares of Piedmont Office Realty Trust in a report on Friday. Zacks Investment Research downgraded shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine raised shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Robert W. Baird raised shares of Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $23.00 to $24.00 in a report on Monday, August 28th. Finally, BidaskClub downgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $22.33.

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.

Want to see what other hedge funds are holding PDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Piedmont Office Realty Trust, Inc. (NYSE:PDM).

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

Receive News & Ratings for Piedmont Office Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piedmont Office Realty Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.