Teachers Advisors LLC Acquires 55,197 Shares of Piedmont Office Realty Trust (PDM)

Teachers Advisors LLC increased its holdings in Piedmont Office Realty Trust (NYSE:PDM) by 17.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,833 shares of the real estate investment trust’s stock after buying an additional 55,197 shares during the period. Teachers Advisors LLC’s holdings in Piedmont Office Realty Trust were worth $7,429,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Piedmont Office Realty Trust by 2.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,045,080 shares of the real estate investment trust’s stock valued at $21,069,000 after purchasing an additional 27,722 shares during the last quarter. Eii Capital Management Inc. acquired a new position in Piedmont Office Realty Trust in the 3rd quarter valued at about $892,000. Cubist Systematic Strategies LLC acquired a new position in Piedmont Office Realty Trust in the 3rd quarter valued at about $407,000. Capital Fund Management S.A. raised its stake in Piedmont Office Realty Trust by 332.7% in the 4th quarter. Capital Fund Management S.A. now owns 48,900 shares of the real estate investment trust’s stock valued at $959,000 after purchasing an additional 37,600 shares during the last quarter. Finally, Swiss National Bank raised its stake in Piedmont Office Realty Trust by 1.9% in the 4th quarter. Swiss National Bank now owns 247,900 shares of the real estate investment trust’s stock valued at $4,861,000 after purchasing an additional 4,600 shares during the last quarter. 88.19% of the stock is owned by hedge funds and other institutional investors.

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In related news, insider Christopher Brent Smith acquired 2,800 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $17.80 per share, with a total value of $49,840.00. Following the purchase, the insider now directly owns 53,027 shares in the company, valued at approximately $943,880.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey L. Swope acquired 5,700 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were bought at an average cost of $17.57 per share, with a total value of $100,149.00. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company’s stock.

Shares of PDM stock opened at $17.66 on Friday. Piedmont Office Realty Trust has a twelve month low of $16.69 and a twelve month high of $22.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $2,405.52, a P/E ratio of 10.09, a PEG ratio of 2.64 and a beta of 0.61.

Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.63). Piedmont Office Realty Trust had a net margin of 23.26% and a return on equity of 1.16%. The company had revenue of $139.44 million for the quarter, compared to analyst estimates of $136.82 million. analysts expect that Piedmont Office Realty Trust will post 1.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Thursday, February 22nd. Piedmont Office Realty Trust’s dividend payout ratio is currently 48.00%.

Several research analysts recently weighed in on the stock. SunTrust Banks set a $21.00 target price on shares of Piedmont Office Realty Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Zacks Investment Research raised shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Stifel Nicolaus reissued a “hold” rating on shares of Piedmont Office Realty Trust in a research note on Friday, February 9th. Robert W. Baird set a $22.00 target price on shares of Piedmont Office Realty Trust and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, ValuEngine downgraded shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $21.25.

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Piedmont Office Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select submarkets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $5 billion portfolio is currently comprised of approximately 17 million square feet.

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

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