Piedmont Office Realty Trust, Inc. (NYSE:PDM) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 37.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,355 shares of the real estate investment trust’s stock after purchasing an additional 25,482 shares during the quarter. Jane Street Group LLC owned about 0.08% of Piedmont Office Realty Trust worth $1,639,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of Piedmont Office Realty Trust by 2.7% during the first quarter. BlackRock Inc. now owns 12,777,724 shares of the real estate investment trust’s stock worth $221,950,000 after purchasing an additional 332,263 shares in the last quarter. Cbre Clarion Securities LLC lifted its position in shares of Piedmont Office Realty Trust by 8.0% during the first quarter. Cbre Clarion Securities LLC now owns 3,810,734 shares of the real estate investment trust’s stock worth $66,192,000 after purchasing an additional 281,998 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Piedmont Office Realty Trust by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,592,113 shares of the real estate investment trust’s stock worth $42,070,000 after purchasing an additional 59,943 shares in the last quarter. Geode Capital Management LLC raised its holdings in Piedmont Office Realty Trust by 2.1% in the first quarter. Geode Capital Management LLC now owns 2,333,830 shares of the real estate investment trust’s stock valued at $40,538,000 after acquiring an additional 47,253 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Piedmont Office Realty Trust by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,131,295 shares of the real estate investment trust’s stock valued at $34,591,000 after acquiring an additional 121,097 shares in the last quarter. 81.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:PDM opened at $19.40 on Thursday. The company has a 50 day moving average price of $18.95. The firm has a market capitalization of $2.41 billion, a PE ratio of 10.03 and a beta of 1.04. Piedmont Office Realty Trust, Inc. has a fifty-two week low of $11.26 and a fifty-two week high of $20.35. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.88.

Piedmont Office Realty Trust (NYSE:PDM) last issued its earnings results on Wednesday, April 28th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.39). The firm had revenue of $129.30 million during the quarter, compared to analyst estimates of $130.86 million. Piedmont Office Realty Trust had a net margin of 44.26% and a return on equity of 12.18%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.47 EPS. On average, research analysts predict that Piedmont Office Realty Trust, Inc. will post 1.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 18th. Shareholders of record on Friday, May 28th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, May 27th. This represents a $0.84 annualized dividend and a yield of 4.33%. Piedmont Office Realty Trust’s dividend payout ratio is currently 44.44%.

Piedmont Office Realty Trust Profile

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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