Hsbc Holdings PLC Increases Stock Position in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Hsbc Holdings PLC lifted its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 26.7% in the fourth quarter, HoldingsChannel reports. The firm owned 86,112 shares of the real estate investment trust’s stock after acquiring an additional 18,136 shares during the period. Hsbc Holdings PLC’s holdings in Piedmont Office Realty Trust were worth $614,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PDM. Bfsg LLC raised its stake in Piedmont Office Realty Trust by 5.6% in the 4th quarter. Bfsg LLC now owns 32,110 shares of the real estate investment trust’s stock valued at $228,000 after purchasing an additional 1,690 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Piedmont Office Realty Trust by 13.3% during the fourth quarter. Allworth Financial LP now owns 15,992 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,880 shares during the period. Camelot Portfolios LLC boosted its position in Piedmont Office Realty Trust by 4.0% during the fourth quarter. Camelot Portfolios LLC now owns 52,500 shares of the real estate investment trust’s stock worth $373,000 after acquiring an additional 2,000 shares during the last quarter. Strs Ohio boosted its position in Piedmont Office Realty Trust by 0.6% during the third quarter. Strs Ohio now owns 404,260 shares of the real estate investment trust’s stock worth $2,271,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Swiss National Bank grew its stake in Piedmont Office Realty Trust by 1.0% in the 3rd quarter. Swiss National Bank now owns 271,900 shares of the real estate investment trust’s stock worth $1,528,000 after acquiring an additional 2,800 shares during the period. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Piedmont Office Realty Trust Trading Up 1.2 %

NYSE:PDM traded up $0.08 during mid-day trading on Friday, reaching $6.91. The company’s stock had a trading volume of 657,694 shares, compared to its average volume of 799,331. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.90 and a quick ratio of 1.49. The stock has a market cap of $856.08 million, a P/E ratio of -11.33 and a beta of 1.14. The company’s fifty day simple moving average is $6.54 and its two-hundred day simple moving average is $6.53. Piedmont Office Realty Trust, Inc. has a twelve month low of $4.91 and a twelve 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 the consensus estimate of $0.42 by ($0.65). Piedmont Office Realty Trust had a negative return on equity of 4.29% and a negative net margin of 12.90%. The company had revenue of $145.33 million during the quarter, compared to analyst estimates of $146.37 million. On average, equities analysts predict that Piedmont Office Realty Trust, Inc. will post 1.51 EPS for the current year.

Piedmont Office Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.50 annualized dividend and a dividend yield of 7.24%. Piedmont Office Realty Trust’s dividend payout ratio is presently -81.97%.

Wall Street Analyst Weigh In

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

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.