Schwab Charles Investment Management Inc. lifted its position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,605,352 shares of the real estate investment trust’s stock after buying an additional 118,709 shares during the quarter. Schwab Charles Investment Management Inc. owned about 1.11% of Piedmont Office Realty Trust worth $32,364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of Piedmont Office Realty Trust by 4.0% during the third quarter. Wells Fargo & Company MN now owns 564,171 shares of the real estate investment trust’s stock worth $11,374,000 after buying an additional 21,804 shares during the period. Schroder Investment Management Group acquired a new stake in Piedmont Office Realty Trust in the third quarter worth $360,000. Legal & General Group Plc grew its holdings in Piedmont Office Realty Trust by 10.5% in the third quarter. Legal & General Group Plc now owns 507,275 shares of the real estate investment trust’s stock worth $10,227,000 after purchasing an additional 48,125 shares during the period. Systematic Financial Management LP grew its holdings in Piedmont Office Realty Trust by 4.1% in the third quarter. Systematic Financial Management LP now owns 1,917,299 shares of the real estate investment trust’s stock worth $38,653,000 after purchasing an additional 75,942 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Piedmont Office Realty Trust by 16.0% in the third quarter. Pacer Advisors Inc. now owns 26,974 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 3,724 shares during the period. Institutional investors own 83.35% of the company’s stock.

A number of research firms have commented on PDM. Zacks Investment Research upgraded shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, October 11th. ValuEngine upgraded shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and issued a $21.00 price target on shares of Piedmont Office Realty Trust in a report on Thursday, September 21st. Finally, Robert W. Baird upgraded shares of Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $23.00 to $24.00 in a report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Piedmont Office Realty Trust has a consensus rating of “Hold” and a consensus price target of $22.33.

Piedmont Office Realty Trust, Inc. (PDM) traded up $0.07 during trading hours on Monday, reaching $19.96. 730,900 shares of the company’s stock were exchanged, compared to its average volume of 710,560. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.15 and a quick ratio of 2.15. The firm has a market capitalization of $2,881.66, a PE ratio of 11.28, a price-to-earnings-growth ratio of 2.85 and a beta of 0.63. Piedmont Office Realty Trust, Inc. has a 1-year low of $19.10 and a 1-year high of $23.08.

Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $137.59 million during the quarter, compared to analysts’ expectations of $140.39 million. Piedmont Office Realty Trust had a net margin of 33.72% and a return on equity of 4.06%. During the same period last year, the company posted $0.41 earnings per share. research analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.75 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, November 24th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Wednesday, November 22nd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is 62.69%.

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Piedmont Office Realty Trust Profile

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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