LSV Asset Management raised its stake in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 1.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,801,281 shares of the real estate investment trust’s stock after acquiring an additional 95,600 shares during the period. LSV Asset Management owned approximately 4.67% of Piedmont Office Realty Trust worth $143,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PDM. Advisory Services Network LLC bought a new position in Piedmont Office Realty Trust during the 1st quarter valued at about $141,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Piedmont Office Realty Trust in the 1st quarter worth approximately $164,000. SG Americas Securities LLC lifted its stake in shares of Piedmont Office Realty Trust by 31.5% in the 1st quarter. SG Americas Securities LLC now owns 7,696 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 1,843 shares during the period. Blue Sky Asset Management LLC bought a new position in shares of Piedmont Office Realty Trust in the 2nd quarter worth approximately $173,000. Finally, TLP Group LLC bought a new position in shares of Piedmont Office Realty Trust in the 1st quarter worth approximately $177,000. Institutional investors and hedge funds own 82.75% of the company’s stock.

Several equities analysts have recently weighed in on PDM shares. ValuEngine upgraded shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, July 5th. BidaskClub upgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Robert W. Baird upgraded shares of Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $23.00 to $24.00 in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.83.

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Piedmont Office Realty Trust, Inc. (PDM) opened at 20.16 on Thursday. Piedmont Office Realty Trust, Inc. has a 52 week low of $18.61 and a 52 week high of $23.08. The company has a market cap of $2.93 billion, a PE ratio of 52.36 and a beta of 0.61. The stock has a 50 day moving average of $20.40 and a 200 day moving average of $21.29.

Piedmont Office Realty Trust (NYSE:PDM) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. Piedmont Office Realty Trust had a return on equity of 2.67% and a net margin of 9.71%. The firm had revenue of $148.70 million during the quarter, compared to the consensus estimate of $147.66 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts predict that Piedmont Office Realty Trust, Inc. will post $0.50 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Wednesday, August 23rd. Piedmont Office Realty Trust’s payout ratio is presently 221.06%.

About Piedmont Office Realty Trust

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.

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

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