Coldstream Capital Management Inc. Buys Shares of 10,837 Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Coldstream Capital Management Inc. bought a new stake in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,837 shares of the real estate investment trust’s stock, valued at approximately $99,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PDM. Price T Rowe Associates Inc. MD grew its stake in Piedmont Office Realty Trust by 14.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 114,939 shares of the real estate investment trust’s stock worth $1,052,000 after buying an additional 14,141 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Piedmont Office Realty Trust by 7.5% during the fourth quarter. Hsbc Holdings PLC now owns 105,472 shares of the real estate investment trust’s stock worth $964,000 after acquiring an additional 7,333 shares during the last quarter. Vision Capital Corp increased its holdings in shares of Piedmont Office Realty Trust by 65.0% in the 4th quarter. Vision Capital Corp now owns 3,526,777 shares of the real estate investment trust’s stock worth $32,270,000 after acquiring an additional 1,389,477 shares during the period. Tower Research Capital LLC TRC lifted its position in Piedmont Office Realty Trust by 126.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 19,103 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 10,649 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in Piedmont Office Realty Trust by 7.5% in the 4th quarter. MetLife Investment Management LLC now owns 74,903 shares of the real estate investment trust’s stock worth $685,000 after purchasing an additional 5,258 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Sherry L. Rexroad acquired 16,850 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was bought at an average price of $5.95 per share, for a total transaction of $100,257.50. Following the transaction, the chief financial officer now owns 16,850 shares of the company’s stock, valued at approximately $100,257.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PDM shares. Baird R W cut Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th. StockNews.com raised Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Truist Financial restated a “buy” rating and set a $10.00 price objective (down from $11.00) on shares of Piedmont Office Realty Trust in a research note on Tuesday, February 25th. Finally, Robert W. Baird decreased their target price on shares of Piedmont Office Realty Trust from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, February 24th.

Piedmont Office Realty Trust Stock Up 5.7 %

Shares of PDM stock opened at $6.64 on Friday. Piedmont Office Realty Trust, Inc. has a 1 year low of $5.46 and a 1 year high of $11.12. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.22 and a current ratio of 2.10. The business’s fifty day moving average is $6.90 and its 200-day moving average is $8.35. The stock has a market cap of $826.07 million, a PE ratio of -10.54 and a beta of 1.21.

Piedmont Office Realty Trust (NYSE:PDM) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Piedmont Office Realty Trust had a negative return on equity of 4.82% and a negative net margin of 13.86%. The firm had revenue of $136.06 million for the quarter, compared to analyst estimates of $141.29 million. During the same period in the previous year, the company earned $0.39 earnings per share. Piedmont Office Realty Trust’s revenue was down 1.3% compared to the same quarter last year. Equities analysts expect that Piedmont Office Realty Trust, Inc. will post 1.41 earnings per share for the current fiscal year.

Piedmont Office Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 7.53%. The ex-dividend date was Friday, February 21st. Piedmont Office Realty Trust’s dividend payout ratio is presently -102.04%.

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.