Capital Fund Management S.A. Has $959,000 Holdings in Piedmont Office Realty Trust, Inc. (PDM)

Capital Fund Management S.A. grew its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 332.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,900 shares of the real estate investment trust’s stock after purchasing an additional 37,600 shares during the period. Capital Fund Management S.A.’s holdings in Piedmont Office Realty Trust were worth $959,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of Piedmont Office Realty Trust by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,045,080 shares of the real estate investment trust’s stock worth $21,069,000 after purchasing an additional 27,722 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Piedmont Office Realty Trust during the 3rd quarter worth approximately $730,000. Prudential Financial Inc. grew its position in shares of Piedmont Office Realty Trust by 321.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,914,228 shares of the real estate investment trust’s stock worth $38,591,000 after purchasing an additional 1,459,995 shares in the last quarter. Eii Capital Management Inc. acquired a new position in shares of Piedmont Office Realty Trust during the 3rd quarter worth approximately $892,000. Finally, Oakview Capital Management L.P. acquired a new position in shares of Piedmont Office Realty Trust during the 3rd quarter worth approximately $603,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Shares of Piedmont Office Realty Trust, Inc. (NYSE PDM) opened at $18.04 on Thursday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2,652.15, a P/E ratio of 19.61, a P/E/G ratio of 2.79 and a beta of 0.55. Piedmont Office Realty Trust, Inc. has a 52-week low of $17.45 and a 52-week high of $23.08.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.84 annualized dividend and a dividend yield of 4.66%. Piedmont Office Realty Trust’s dividend payout ratio is 91.30%.

A number of brokerages have issued reports on PDM. Stifel Nicolaus restated a “hold” rating on shares of Piedmont Office Realty Trust in a research report on Friday, February 9th. Robert W. Baird set a $22.00 target price on shares of Piedmont Office Realty Trust and gave the stock a “buy” rating in a research report on Thursday, February 8th. ValuEngine lowered shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. SunTrust Banks set a $21.00 target price on shares of Piedmont Office Realty Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research upgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.50.

In other news, insider Christopher Brent Smith purchased 2,800 shares of Piedmont Office Realty Trust stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $17.80 per share, for a total transaction of $49,840.00. Following the transaction, the insider now owns 53,027 shares of the company’s stock, valued at approximately $943,880.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.76% of the company’s stock.

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Piedmont Office Realty Trust Company Profile

Piedmont Office Realty Trust, Inc is an integrated self-managed real estate investment trust (REIT). The Company’s business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture.

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

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