DGS Capital Management LLC Acquires 17,505 Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM)

DGS Capital Management LLC lifted its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 86.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 37,841 shares of the real estate investment trust’s stock after purchasing an additional 17,505 shares during the quarter. DGS Capital Management LLC’s holdings in Piedmont Office Realty Trust were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Piedmont Office Realty Trust by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 19,626,841 shares of the real estate investment trust’s stock worth $337,974,000 after buying an additional 534,136 shares in the last quarter. BlackRock Inc. increased its holdings in Piedmont Office Realty Trust by 7.1% in the 2nd quarter. BlackRock Inc. now owns 15,988,494 shares of the real estate investment trust’s stock worth $116,236,000 after purchasing an additional 1,055,516 shares in the last quarter. State Street Corp increased its holdings in Piedmont Office Realty Trust by 1.4% in the 1st quarter. State Street Corp now owns 6,227,041 shares of the real estate investment trust’s stock worth $45,457,000 after purchasing an additional 85,434 shares in the last quarter. Private Management Group Inc. increased its holdings in Piedmont Office Realty Trust by 25.7% in the 3rd quarter. Private Management Group Inc. now owns 4,468,246 shares of the real estate investment trust’s stock worth $25,112,000 after purchasing an additional 913,747 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Piedmont Office Realty Trust by 6.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,202,106 shares of the real estate investment trust’s stock worth $17,996,000 after purchasing an additional 204,467 shares in the last quarter. 84.48% of the stock is currently owned by institutional investors.

Piedmont Office Realty Trust Trading Down 2.3 %

NYSE PDM opened at $6.37 on Wednesday. The business’s 50-day moving average price is $6.49 and its two-hundred day moving average price is $6.41. Piedmont Office Realty Trust, Inc. has a 12 month low of $4.91 and a 12 month high of $8.05. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.19.

Piedmont Office Realty Trust (NYSE:PDM) last announced its earnings results on Wednesday, February 7th. The real estate investment trust reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.65). Piedmont Office Realty Trust had a negative net margin of 8.38% and a negative return on equity of 2.72%. The business had revenue of $145.33 million for the quarter, compared to the consensus estimate of $146.37 million. Sell-side analysts expect that Piedmont Office Realty Trust, Inc. will post 1.51 earnings per share for the current year.

Piedmont Office Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a dividend of $0.125 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.50 annualized dividend and a dividend yield of 7.85%. Piedmont Office Realty Trust’s payout ratio is -125.00%.

Analyst Ratings Changes

Separately, StockNews.com cut Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd.

Piedmont Office Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.