Great West Life Assurance Co. Can decreased its position in shares of Piedmont Office Realty Trust Inc. (NYSE:PDM) by 7.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 84,312 shares of the real estate investment trust’s stock after selling 6,379 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Piedmont Office Realty Trust worth $1,835,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PDM. Ngam Advisors L.P. boosted its stake in shares of Piedmont Office Realty Trust by 4.7% in the second quarter. Ngam Advisors L.P. now owns 337,728 shares of the real estate investment trust’s stock worth $7,274,000 after buying an additional 15,117 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Piedmont Office Realty Trust by 21.5% in the second quarter. Bank of New York Mellon Corp now owns 1,067,891 shares of the real estate investment trust’s stock worth $23,002,000 after buying an additional 189,023 shares in the last quarter. Ausdal Financial Partners Inc. bought a new stake in shares of Piedmont Office Realty Trust during the second quarter worth $464,000. Chicago Equity Partners LLC boosted its stake in shares of Piedmont Office Realty Trust by 3.8% in the second quarter. Chicago Equity Partners LLC now owns 25,890 shares of the real estate investment trust’s stock worth $558,000 after buying an additional 950 shares in the last quarter. Finally, Trutina Financial LLC bought a new stake in shares of Piedmont Office Realty Trust during the second quarter worth $276,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

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

Piedmont Office Realty Trust Inc. (NYSE:PDM) traded up 0.67% on Monday, hitting $19.47. 433,019 shares of the stock traded hands. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 13.95 and a beta of 0.61. The firm’s 50-day moving average price is $20.00 and its 200-day moving average price is $20.83. Piedmont Office Realty Trust Inc. has a 12-month low of $16.93 and a 12-month high of $22.28.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, November 25th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Tuesday, November 22nd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is 61.31%.

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A number of equities research analysts have weighed in on the stock. DA Davidson lifted their price target on shares of Piedmont Office Realty Trust from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, August 8th. Zacks Investment Research cut shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $21.00.

Piedmont Office Realty Trust Company Profile

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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