Piedmont Office Realty Trust Inc. (NYSE:pdm) announced a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Friday, November 25th will be paid a dividend of 0.21 per share by the real estate investment trust on Tuesday, January 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Tuesday, November 22nd.

Shares of Piedmont Office Realty Trust (NYSE:PDM) opened at 19.23 on Thursday. Piedmont Office Realty Trust has a 52 week low of $16.93 and a 52 week high of $22.28. The stock has a 50 day moving average of $20.47 and a 200-day moving average of $20.89. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 13.78 and a beta of 0.61.

Dividend History for Piedmont Office Realty Trust (NYSE:pdm)

Several research analysts have issued reports on PDM shares. Zacks Investment Research cut shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 6th. DA Davidson increased their target price on shares of Piedmont Office Realty Trust from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Hedge funds have recently added to or reduced their stakes in the stock. Martingale Asset Management L P raised its stake in Piedmont Office Realty Trust by 37.3% in the second quarter. Martingale Asset Management L P now owns 648,519 shares of the real estate investment trust’s stock valued at $13,970,000 after buying an additional 176,133 shares during the last quarter. Advisor Group Inc. purchased a new stake in Piedmont Office Realty Trust during the second quarter valued at approximately $3,144,000. AQR Capital Management LLC raised its stake in Piedmont Office Realty Trust by 240.3% in the second quarter. AQR Capital Management LLC now owns 163,988 shares of the real estate investment trust’s stock valued at $3,533,000 after buying an additional 115,794 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Piedmont Office Realty Trust during the second quarter valued at approximately $2,397,000. Finally, State Street Corp raised its stake in Piedmont Office Realty Trust by 2.1% in the second quarter. State Street Corp now owns 4,403,618 shares of the real estate investment trust’s stock valued at $94,854,000 after buying an additional 89,991 shares during the last quarter. 82.84% of the stock is owned by institutional investors and hedge funds.

About Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc (Piedmont) is an integrated self-managed real estate investment trust specializing in the acquisition, ownership, management, development and disposition of primarily Class A office buildings located in the United States office markets. The Company operates through its real estate assets segment.

5 Day Chart for NYSE:PDM

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