Macquarie Group Ltd. Acquires 5,900 Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Macquarie Group Ltd. increased its holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 4.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,400 shares of the real estate investment trust’s stock after buying an additional 5,900 shares during the period. Macquarie Group Ltd. owned about 0.11% of Piedmont Office Realty Trust worth $2,779,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Prime Capital Investment Advisors LLC bought a new position in Piedmont Office Realty Trust in the second quarter worth approximately $27,000. Personal Wealth Partners bought a new position in Piedmont Office Realty Trust in the second quarter worth approximately $36,000. Manchester Financial Inc. bought a new position in Piedmont Office Realty Trust in the second quarter worth approximately $43,000. Neo Ivy Capital Management bought a new position in Piedmont Office Realty Trust in the second quarter worth approximately $53,000. Finally, New York State Teachers Retirement System bought a new position in Piedmont Office Realty Trust in the second quarter worth approximately $60,000. 85.96% of the stock is owned by institutional investors.

Several equities analysts have issued reports on the stock. Robert W. Baird set a $25.00 price target on shares of Piedmont Office Realty Trust and gave the stock a “hold” rating in a report on Wednesday, August 21st. DA Davidson lowered shares of Piedmont Office Realty Trust from a “buy” rating to a “neutral” rating in a report on Tuesday, July 23rd. ValuEngine lowered shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.00.

NYSE PDM opened at $20.55 on Friday. The firm’s fifty day simple moving average is $20.31 and its two-hundred day simple moving average is $20.43. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.98. Piedmont Office Realty Trust, Inc. has a 12-month low of $16.43 and a 12-month high of $21.40. The firm has a market capitalization of $2.57 billion, a P/E ratio of 11.49 and a beta of 0.69.

Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.38). Piedmont Office Realty Trust had a return on equity of 6.98% and a net margin of 22.60%. The firm had revenue of $130.67 million during the quarter, compared to analysts’ expectations of $128.06 million. As a group, sell-side analysts predict that Piedmont Office Realty Trust, Inc. will post 1.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Thursday, August 29th. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is presently 48.55%.

About Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select sub-markets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $5 billion portfolio is currently comprised of approximately 17 million square feet.

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

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