HGK Asset Management Inc. lifted its position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 11.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,586 shares of the real estate investment trust’s stock after purchasing an additional 3,056 shares during the period. HGK Asset Management Inc.’s holdings in Piedmont Office Realty Trust were worth $610,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in shares of Piedmont Office Realty Trust by 17.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 48,681 shares of the real estate investment trust’s stock worth $969,000 after acquiring an additional 7,253 shares during the period. Manchester Financial Inc. bought a new stake in shares of Piedmont Office Realty Trust during the 2nd quarter worth approximately $43,000. Clean Yield Group bought a new stake in shares of Piedmont Office Realty Trust during the 2nd quarter worth approximately $997,000. Robeco Institutional Asset Management B.V. lifted its stake in Piedmont Office Realty Trust by 39.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,095,592 shares of the real estate investment trust’s stock valued at $21,836,000 after purchasing an additional 311,892 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new position in Piedmont Office Realty Trust in the 2nd quarter valued at approximately $215,000. Institutional investors own 84.87% of the company’s stock.

Shares of PDM traded up $0.08 during trading hours on Monday, hitting $20.41. 4,548 shares of the stock were exchanged, compared to its average volume of 509,061. Piedmont Office Realty Trust, Inc. has a fifty-two week low of $16.43 and a fifty-two week high of $21.40. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.91. The business’s 50-day simple moving average is $20.37. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 1.90 and a beta of 0.68.

Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.05). Piedmont Office Realty Trust had a return on equity of 7.10% and a net margin of 23.19%. The firm had revenue of $132.90 million for the quarter, compared to analyst estimates of $120.78 million. During the same quarter last year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Piedmont Office Realty Trust, Inc. will post 1.78 earnings per share for the current year.

Several equities analysts recently commented on PDM shares. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. DA Davidson cut shares of Piedmont Office Realty Trust from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Piedmont Office Realty Trust presently has a consensus rating of “Hold” and an average target price of $22.00.

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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