Strs Ohio Decreases Stock Position in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Strs Ohio lessened its position in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 353,460 shares of the real estate investment trust’s stock after selling 50,800 shares during the quarter. Strs Ohio owned about 0.29% of Piedmont Office Realty Trust worth $2,513,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Piedmont Office Realty Trust by 4.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 186,156 shares of the real estate investment trust’s stock valued at $1,324,000 after acquiring an additional 8,702 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Piedmont Office Realty Trust by 196.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 160,937 shares of the real estate investment trust’s stock worth $1,144,000 after buying an additional 106,574 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Piedmont Office Realty Trust by 9.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,572 shares of the real estate investment trust’s stock worth $424,000 after buying an additional 4,998 shares in the last quarter. Allworth Financial LP lifted its position in Piedmont Office Realty Trust by 13.3% during the fourth quarter. Allworth Financial LP now owns 15,992 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 1,880 shares in the last quarter. Finally, Camelot Portfolios LLC lifted its position in Piedmont Office Realty Trust by 4.0% during the fourth quarter. Camelot Portfolios LLC now owns 52,500 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Piedmont Office Realty Trust Stock Performance

Shares of Piedmont Office Realty Trust stock opened at $6.50 on Friday. Piedmont Office Realty Trust, Inc. has a one year low of $4.91 and a one year high of $8.05. The company has a market cap of $805.29 million, a price-to-earnings ratio of -16.25 and a beta of 1.15. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.49 and a current ratio of 1.49. The business’s 50 day moving average price is $6.49 and its 200 day moving average price is $6.42.

Piedmont Office Realty Trust (NYSE:PDM) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.65). The business had revenue of $145.33 million for the quarter, compared to analyst estimates of $146.37 million. Piedmont Office Realty Trust had a negative return on equity of 2.72% and a negative net margin of 8.38%. On average, research analysts predict that Piedmont Office Realty Trust, Inc. will post 1.51 EPS for the current year.

Piedmont Office Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.50 annualized dividend and a yield of 7.69%. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is -125.00%.

Analyst Upgrades and Downgrades

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

Piedmont Office Realty Trust Company 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.