Jane Street Group LLC Sells 215,760 Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Jane Street Group LLC trimmed its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM - Free Report) by 67.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,164 shares of the real estate investment trust's stock after selling 215,760 shares during the period. Jane Street Group LLC owned approximately 0.08% of Piedmont Office Realty Trust worth $944,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its position in shares of Piedmont Office Realty Trust by 88.7% during the third 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 period. Arkadios Wealth Advisors acquired a new position in shares of Piedmont Office Realty Trust during the fourth quarter worth approximately $105,000. SG Americas Securities LLC raised its position in shares of Piedmont Office Realty Trust by 0.8% during the fourth quarter. SG Americas Securities LLC now owns 404,161 shares of the real estate investment trust's stock worth $3,698,000 after purchasing an additional 3,184 shares during the period. Inspire Investing LLC raised its position in shares of Piedmont Office Realty Trust by 8.3% during the fourth quarter. Inspire Investing LLC now owns 44,280 shares of the real estate investment trust's stock worth $405,000 after purchasing an additional 3,385 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Piedmont Office Realty Trust by 24.6% during the fourth quarter. Blue Trust Inc. now owns 18,923 shares of the real estate investment trust's stock worth $191,000 after purchasing an additional 3,739 shares during the period. 84.48% of the stock is currently owned by institutional investors.

Insider Activity 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 dated Thursday, May 1st. The stock was purchased at an average cost of $5.95 per share, with a total value of $100,257.50. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Truist Financial lowered their target price on Piedmont Office Realty Trust from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday. Robert W. Baird lowered their target price on Piedmont Office Realty Trust from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Finally, Wall Street Zen raised Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a research report on Monday, February 17th.

Piedmont Office Realty Trust Trading Down 1.5%

NYSE PDM opened at $6.45 on Friday. The firm has a market capitalization of $801.81 million, a P/E ratio of -10.23 and a beta of 1.37. The business has a fifty day simple moving average of $6.75 and a 200 day simple moving average of $7.99. Piedmont Office Realty Trust, Inc. has a 12 month low of $5.46 and a 12 month high of $11.12. The company has a current ratio of 2.10, a quick ratio of 2.22 and a debt-to-equity ratio of 1.40.

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The business had revenue of $136.06 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. On average, analysts predict that Piedmont Office Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

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.

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