Nomura Asset Management Co. Ltd. Has $1.58 Million Position in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Nomura Asset Management Co. Ltd. grew its position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 172,783 shares of the real estate investment trust’s stock after purchasing an additional 6,400 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.14% of Piedmont Office Realty Trust worth $1,581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hudson Edge Investment Partners Inc. raised its holdings in Piedmont Office Realty Trust by 4.8% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 25,550 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 1,180 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Piedmont Office Realty Trust by 25.4% during the fourth quarter. Harbour Investments Inc. now owns 6,004 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 1,216 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Piedmont Office Realty Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 14,225 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 1,453 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Piedmont Office Realty Trust by 51.3% in the third quarter. TD Private Client Wealth LLC now owns 4,916 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,666 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Piedmont Office Realty Trust by 8.7% in the third quarter. Quantinno Capital Management LP now owns 21,413 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 1,713 shares during the period. 84.48% of the stock is currently owned by institutional investors.

Piedmont Office Realty Trust Stock Up 1.9 %

Shares of Piedmont Office Realty Trust stock opened at $7.56 on Thursday. The stock’s 50-day moving average is $7.67 and its 200 day moving average is $8.91. Piedmont Office Realty Trust, Inc. has a one year low of $6.27 and a one year high of $11.12. The firm has a market cap of $940.52 million, a price-to-earnings ratio of -12.00 and a beta of 1.25. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.10 and a quick ratio of 2.22.

Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $143.23 million for the quarter, compared to analysts’ expectations of $142.16 million. Piedmont Office Realty Trust had a negative return on equity of 4.82% and a negative net margin of 13.86%. Equities research analysts anticipate that Piedmont Office Realty Trust, Inc. will post 1.41 EPS for the current year.

Piedmont Office Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend was Friday, February 21st. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is currently -79.37%.

Analyst Ratings Changes

Several brokerages recently issued reports on PDM. Truist Financial reaffirmed a “buy” rating and set a $10.00 target price (down from $11.00) on shares of Piedmont Office Realty Trust in a research report on Tuesday, February 25th. 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 upgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Finally, Robert W. Baird reduced their price objective on shares of Piedmont Office Realty Trust from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th.

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.