Systematic Financial Management LP Has $10.97 Million Position in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Systematic Financial Management LP raised its position in Piedmont Office Realty Trust, Inc. (NYSE:PDM - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,199,266 shares of the real estate investment trust's stock after purchasing an additional 36,647 shares during the quarter. Systematic Financial Management LP owned 0.97% of Piedmont Office Realty Trust worth $10,973,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hudson Edge Investment Partners Inc. raised its stake in shares of 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 acquiring an additional 1,180 shares during the period. Harbour Investments Inc. lifted 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 worth $55,000 after purchasing an additional 1,216 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Piedmont Office Realty Trust by 6.5% in the fourth quarter. Quantinno Capital Management LP now owns 22,803 shares of the real estate investment trust's stock worth $209,000 after buying an additional 1,390 shares during the period. Metis Global Partners LLC grew its stake in shares of Piedmont Office Realty Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 14,225 shares of the real estate investment trust's stock valued at $130,000 after buying an additional 1,453 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Piedmont Office Realty Trust by 15.8% in the fourth quarter. Meeder Asset Management Inc. now owns 12,125 shares of the real estate investment trust's stock valued at $111,000 after purchasing an additional 1,650 shares during the period. Institutional investors and hedge funds own 84.48% of the company's stock.

Insider Buying and Selling

In other news, CFO Sherry L. Rexroad acquired 16,850 shares of the stock in a transaction dated Thursday, May 1st. The shares were acquired at an average cost of $5.95 per share, for a total transaction of $100,257.50. Following the completion of the transaction, the chief financial officer now owns 16,850 shares in the company, valued at approximately $100,257.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.29% of the stock is owned by company insiders.

Piedmont Office Realty Trust Stock Down 0.2%

NYSE:PDM traded down $0.02 during trading hours on Friday, hitting $6.44. 226,149 shares of the company's stock traded hands, compared to its average volume of 902,238. Piedmont Office Realty Trust, Inc. has a twelve month low of $5.46 and a twelve month high of $11.12. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.22 and a current ratio of 2.10. The firm has a market cap of $800.57 million, a P/E ratio of -10.20 and a beta of 1.37. The stock's fifty day moving average price is $6.75 and its two-hundred day moving average price is $7.99.

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

Wall Street Analyst Weigh In

A number of research firms have commented on PDM. Truist Financial reduced their target price on Piedmont Office Realty Trust from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Tuesday. Robert W. Baird lowered their target price on shares of Piedmont Office Realty Trust from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Finally, Wall Street Zen upgraded Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a research note on Monday, February 17th.

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.