Piedmont Office Realty Trust, Inc. (NYSE:PDM) Stock Position Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 10.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 42,194 shares of the real estate investment trust’s stock after acquiring an additional 4,063 shares during the period. Daiwa Securities Group Inc.’s holdings in Piedmont Office Realty Trust were worth $300,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of Piedmont Office Realty Trust during the 3rd quarter valued at about $60,000. Accel Wealth Management acquired a new position in shares of Piedmont Office Realty Trust during the 3rd quarter valued at about $65,000. Scharf Investments LLC acquired a new position in shares of Piedmont Office Realty Trust during the 4th quarter valued at about $94,000. Mackenzie Financial Corp acquired a new position in shares of Piedmont Office Realty Trust during the 3rd quarter valued at about $74,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Piedmont Office Realty Trust during the 3rd quarter valued at about $89,000. Institutional investors and hedge funds own 84.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Piedmont Office Realty Trust Stock Performance

PDM opened at $6.71 on Friday. The firm has a market capitalization of $831.30 million, a P/E ratio of -16.77 and a beta of 1.15. The stock’s 50 day moving average price is $6.50 and its two-hundred day moving average price is $6.47. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.19. Piedmont Office Realty Trust, Inc. has a 12-month low of $4.91 and a 12-month high of $8.05.

Piedmont Office Realty Trust (NYSE:PDM) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported ($0.23) earnings per share (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 8.38% and a negative return on equity of 2.72%. On average, equities analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.51 earnings per share for the current year.

Piedmont Office Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date of this dividend is Thursday, May 23rd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is currently -125.00%.

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.