Vanderbilt University Has $182,000 Stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Vanderbilt University reduced its position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,067 shares of the real estate investment trust’s stock after selling 3,138 shares during the period. Vanderbilt University’s holdings in Piedmont Office Realty Trust were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PDM. Wealth Enhancement Advisory Services LLC increased its position in Piedmont Office Realty Trust by 6.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 35,010 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 2,016 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Piedmont Office Realty Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,809 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 1,241 shares during the period. Signaturefd LLC increased its position in Piedmont Office Realty Trust by 8.3% during the third quarter. Signaturefd LLC now owns 27,511 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 2,111 shares during the period. Blue Trust Inc. raised its stake in Piedmont Office Realty Trust by 226.3% in the 3rd quarter. Blue Trust Inc. now owns 15,184 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 10,530 shares in the last quarter. Finally, Creative Planning boosted its holdings in Piedmont Office Realty Trust by 12.3% in the 3rd quarter. Creative Planning now owns 60,002 shares of the real estate investment trust’s stock valued at $606,000 after purchasing an additional 6,577 shares during the period. 84.48% of the stock is currently owned by institutional investors.

Piedmont Office Realty Trust Price Performance

Piedmont Office Realty Trust stock traded down $0.13 during trading hours on Monday, reaching $10.20. 134,681 shares of the stock were exchanged, compared to its average volume of 852,621. The stock has a 50 day moving average of $9.91 and a two-hundred day moving average of $8.32. The company has a market cap of $1.26 billion, a P/E ratio of -16.93 and a beta of 1.22. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.34. Piedmont Office Realty Trust, Inc. has a twelve month low of $4.91 and a twelve month high of $11.11.

Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.46). Piedmont Office Realty Trust had a negative return on equity of 4.84% and a negative net margin of 14.24%. The firm had revenue of $139.29 million for the quarter, compared to analyst estimates of $143.56 million. During the same quarter in the prior year, the business posted $0.43 EPS. Equities analysts expect that Piedmont Office Realty Trust, Inc. will post 1.5 EPS for the current fiscal year.

Piedmont Office Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 22nd will be given a dividend of $0.125 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.50 annualized dividend and a dividend yield of 4.90%. Piedmont Office Realty Trust’s dividend payout ratio is currently -81.97%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PDM shares. StockNews.com upgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Truist Financial reaffirmed a “buy” rating and issued a $11.00 price objective (up from $10.00) on shares of Piedmont Office Realty Trust in a report on Wednesday, August 14th.

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.