Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 148,299 Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 148,299 shares of the real estate investment trust's stock, valued at approximately $1,357,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Piedmont Office Realty Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its position in shares of Piedmont Office Realty Trust by 88.7% during the 3rd quarter. Barclays PLC now owns 237,407 shares of the real estate investment trust's stock worth $2,398,000 after purchasing an additional 111,596 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Piedmont Office Realty Trust during the 4th quarter worth about $663,000. Raymond James Financial Inc. acquired a new stake in shares of Piedmont Office Realty Trust during the 4th quarter worth about $1,313,000. BROOKFIELD Corp ON increased its position in shares of Piedmont Office Realty Trust by 46.5% during the 4th quarter. BROOKFIELD Corp ON now owns 1,033,232 shares of the real estate investment trust's stock worth $9,454,000 after purchasing an additional 327,982 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Piedmont Office Realty Trust by 23.7% during the 4th quarter. Deutsche Bank AG now owns 242,358 shares of the real estate investment trust's stock worth $2,218,000 after purchasing an additional 46,399 shares during the last quarter. 84.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PDM. Wall Street Zen raised Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Truist Financial dropped their target price on Piedmont Office Realty Trust from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, May 20th. Finally, Robert W. Baird dropped their target price on 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.

Insider Transactions at Piedmont Office Realty Trust

In other Piedmont Office Realty Trust news, CFO Sherry L. Rexroad bought 16,850 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average price of $5.95 per share, for a total transaction of $100,257.50. Following the completion of the purchase, the chief financial officer now directly owns 16,850 shares in the company, valued at $100,257.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.29% of the company's stock.

Piedmont Office Realty Trust Trading Up 2.6%

NYSE PDM traded up $0.20 during trading on Friday, hitting $7.62. The stock had a trading volume of 547,340 shares, compared to its average volume of 905,827. The company has a market capitalization of $947.37 million, a PE ratio of -12.09 and a beta of 1.44. The company has a quick ratio of 2.22, a current ratio of 2.10 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average price of $6.71 and a 200 day moving average price of $7.78. Piedmont Office Realty Trust, Inc. has a twelve month low of $5.46 and a twelve month high of $11.12.

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $136.06 million during the quarter, compared to the consensus estimate of $141.29 million. Piedmont Office Realty Trust had a negative return on equity of 4.82% and a negative net margin of 13.86%. Piedmont Office Realty Trust's revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. As a group, equities research analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Piedmont Office Realty Trust 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.