Piedmont Office Realty Trust, Inc. (PDM) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC increased its position in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 2.6% during the fourth quarter, Holdings Channel reports. The fund owned 161,445 shares of the real estate investment trust’s stock after buying an additional 4,118 shares during the period. AQR Capital Management LLC’s holdings in Piedmont Office Realty Trust were worth $3,375,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PDM. Public Employees Retirement Association of Colorado boosted its stake in shares of Piedmont Office Realty Trust by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 4,666 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 18 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Piedmont Office Realty Trust by 3.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,400 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 200 shares during the last quarter. Creative Planning boosted its stake in shares of Piedmont Office Realty Trust by 367.1% in the third quarter. Creative Planning now owns 7,581 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 5,958 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Piedmont Office Realty Trust by 14.1% in the third quarter. PNC Financial Services Group Inc. now owns 7,981 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 985 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Piedmont Office Realty Trust by 416.6% in the third quarter. Advisors Asset Management Inc. now owns 11,583 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 9,341 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) opened at 21.48 on Monday. The stock has a 50 day moving average price of $21.93 and a 200 day moving average price of $20.97. The company has a market capitalization of $3.12 billion, a PE ratio of 29.03 and a beta of 0.56. Piedmont Office Realty Trust, Inc. has a 52-week low of $18.61 and a 52-week high of $23.08.

Piedmont Office Realty Trust (NYSE:PDM) last announced its earnings results on Wednesday, February 8th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. Piedmont Office Realty Trust had a return on equity of 4.95% and a net margin of 19.41%. During the same period last year, the firm posted $0.41 EPS. On average, analysts predict that Piedmont Office Realty Trust, Inc. will post $0.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, February 24th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, February 22nd. Piedmont Office Realty Trust’s dividend payout ratio is presently 113.51%.

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A number of brokerages have issued reports on PDM. Zacks Investment Research raised Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 12th. Stifel Nicolaus raised Piedmont Office Realty Trust from a “sell” rating to a “hold” rating and increased their price objective for the company from $18.00 to $20.50 in a research report on Monday, January 23rd. They noted that the move was a valuation call.

Piedmont Office Realty Trust Company 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.

5 Day Chart for NYSE:PDM

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