Inspire Investing LLC Acquires 3,385 Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Inspire Investing LLC raised its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 44,280 shares of the real estate investment trust’s stock after acquiring an additional 3,385 shares during the period. Inspire Investing LLC’s holdings in Piedmont Office Realty Trust were worth $405,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PDM. SG Americas Securities LLC increased its holdings in Piedmont Office Realty Trust by 0.8% in the fourth quarter. SG Americas Securities LLC now owns 404,161 shares of the real estate investment trust’s stock valued at $3,698,000 after purchasing an additional 3,184 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Piedmont Office Realty Trust in the 4th quarter valued at about $105,000. Nordea Investment Management AB raised its position in shares of Piedmont Office Realty Trust by 4.2% in the 4th quarter. Nordea Investment Management AB now owns 736,832 shares of the real estate investment trust’s stock valued at $6,683,000 after acquiring an additional 29,960 shares during the period. JPMorgan Chase & Co. boosted its stake in Piedmont Office Realty Trust by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,534,770 shares of the real estate investment trust’s stock worth $15,501,000 after acquiring an additional 478,560 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Piedmont Office Realty Trust by 72.5% during the third quarter. Franklin Resources Inc. now owns 148,046 shares of the real estate investment trust’s stock valued at $1,519,000 after purchasing an additional 62,233 shares during the period. Institutional investors and hedge funds own 84.48% of the company’s stock.

Piedmont Office Realty Trust Stock Performance

Shares of PDM opened at $8.64 on Friday. The firm has a market cap of $1.07 billion, a P/E ratio of -13.94 and a beta of 1.19. Piedmont Office Realty Trust, Inc. has a twelve month low of $5.93 and a twelve month high of $11.11. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.22 and a current ratio of 2.22. The firm’s 50 day moving average price is $9.06 and its two-hundred day moving average price is $9.33.

Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.46). The company had revenue of $139.29 million during the quarter, compared to the consensus estimate of $143.56 million. Piedmont Office Realty Trust had a negative net margin of 13.47% and a negative return on equity of 4.61%. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PDM shares. Baird R W lowered shares of Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th. Robert W. Baird downgraded Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Thursday, January 16th. Finally, StockNews.com cut Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 20th.

About Piedmont Office Realty Trust

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.