Inceptionr LLC Buys Shares of 12,763 Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Inceptionr LLC bought a new stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,763 shares of the real estate investment trust’s stock, valued at approximately $117,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PDM. TD Private Client Wealth LLC lifted its holdings in shares of Piedmont Office Realty Trust by 51.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,916 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,666 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Piedmont Office Realty Trust in the 4th quarter worth approximately $105,000. Landscape Capital Management L.L.C. acquired a new position in shares of Piedmont Office Realty Trust in the 3rd quarter worth approximately $123,000. Metis Global Partners LLC acquired a new position in shares of Piedmont Office Realty Trust in the 3rd quarter worth approximately $129,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Piedmont Office Realty Trust in the 4th quarter worth approximately $168,000. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Piedmont Office Realty Trust Trading Down 2.1 %

Shares of NYSE:PDM opened at $7.17 on Tuesday. Piedmont Office Realty Trust, Inc. has a 52 week low of $6.13 and a 52 week high of $11.12. The company’s 50 day moving average is $8.18 and its two-hundred day moving average is $9.18. The company has a current ratio of 2.10, a quick ratio of 2.22 and a debt-to-equity ratio of 1.40. The company has a market cap of $890.55 million, a PE ratio of -11.37 and a beta of 1.25.

Piedmont Office Realty Trust (NYSE:PDM) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. Piedmont Office Realty Trust had a negative net margin of 13.86% and a negative return on equity of 4.82%. The company had revenue of $143.23 million for the quarter, compared to the consensus estimate of $142.16 million. Equities analysts predict that Piedmont Office Realty Trust, Inc. will post 1.41 earnings per share for the current fiscal year.

Piedmont Office Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 21st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date is Friday, February 21st. Piedmont Office Realty Trust’s dividend payout ratio is presently -79.37%.

Analyst Upgrades and Downgrades

PDM has been the topic of a number of research reports. StockNews.com upgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Baird R W lowered shares of Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th. Robert W. Baird reduced their target price on shares of Piedmont Office Realty Trust from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Finally, Truist Financial reiterated a “buy” rating and set a $10.00 target price (down from $11.00) on shares of Piedmont Office Realty Trust in a report on Tuesday, February 25th.

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.