Piedmont Office Realty Trust, Inc. (NYSE:PDM) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDMGet Rating) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,182 shares of the real estate investment trust’s stock after acquiring an additional 3,369 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Piedmont Office Realty Trust were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Richard Bernstein Advisors LLC boosted its position in shares of Piedmont Office Realty Trust by 224.3% during the 3rd quarter. Richard Bernstein Advisors LLC now owns 194,858 shares of the real estate investment trust’s stock valued at $3,395,000 after acquiring an additional 134,766 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Piedmont Office Realty Trust by 57.6% during the 4th quarter. Russell Investments Group Ltd. now owns 169,831 shares of the real estate investment trust’s stock valued at $3,119,000 after acquiring an additional 62,098 shares during the last quarter. US Bancorp DE boosted its position in shares of Piedmont Office Realty Trust by 4.0% during the 3rd quarter. US Bancorp DE now owns 30,881 shares of the real estate investment trust’s stock valued at $538,000 after acquiring an additional 1,189 shares during the last quarter. UBS Group AG boosted its position in shares of Piedmont Office Realty Trust by 17.4% during the 3rd quarter. UBS Group AG now owns 208,057 shares of the real estate investment trust’s stock valued at $3,627,000 after acquiring an additional 30,791 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Piedmont Office Realty Trust by 20.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 19,976 shares of the real estate investment trust’s stock valued at $348,000 after acquiring an additional 3,363 shares during the last quarter. 81.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PDM opened at $16.57 on Friday. The firm has a market cap of $2.04 billion, a P/E ratio of -1,657.00 and a beta of 0.97. Piedmont Office Realty Trust, Inc. has a 12-month low of $15.67 and a 12-month high of $20.35. The company’s 50-day moving average price is $16.81 and its 200 day moving average price is $17.80. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 1.05.

Piedmont Office Realty Trust (NYSE:PDMGet Rating) last issued its quarterly earnings data on Monday, February 7th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.76). The company had revenue of $138.16 million during the quarter, compared to analysts’ expectations of $135.05 million. Piedmont Office Realty Trust had a negative net margin of 0.22% and a negative return on equity of 0.06%. Equities research analysts forecast that Piedmont Office Realty Trust, Inc. will post 2.04 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, February 25th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, February 24th. This represents a $0.84 dividend on an annualized basis and a yield of 5.07%. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is presently -8,400.00%.

Several analysts recently issued reports on PDM shares. Zacks Investment Research lowered shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. StockNews.com started coverage on shares of Piedmont Office Realty Trust in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

In other Piedmont Office Realty Trust news, Director Glenn Gary Cohen purchased 5,000 shares of the business’s stock in a transaction on Thursday, February 24th. The shares were bought at an average cost of $15.82 per share, for a total transaction of $79,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.13% of the stock is owned by corporate insiders.

Piedmont Office Realty Trust Company Profile (Get Rating)

Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt.

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

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