UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $7.81 Million Holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Piedmont Office Realty Trust, Inc. (NYSE:PDM - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 853,833 shares of the real estate investment trust's stock after selling 42,158 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.69% of Piedmont Office Realty Trust worth $7,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilsey Asset Management Inc. increased its stake in shares of Piedmont Office Realty Trust by 2.0% during the fourth quarter. Wilsey Asset Management Inc. now owns 3,953,542 shares of the real estate investment trust's stock valued at $36,175,000 after acquiring an additional 77,220 shares during the period. Vision Capital Corp boosted its position in Piedmont Office Realty Trust by 65.0% during the fourth quarter. Vision Capital Corp now owns 3,526,777 shares of the real estate investment trust's stock worth $32,270,000 after purchasing an additional 1,389,477 shares during the period. Prudential Financial Inc. raised its holdings in Piedmont Office Realty Trust by 34.6% in the 4th quarter. Prudential Financial Inc. now owns 2,719,332 shares of the real estate investment trust's stock worth $24,882,000 after acquiring an additional 699,339 shares during the period. Hudson Bay Capital Management LP grew its holdings in Piedmont Office Realty Trust by 58.8% in the 4th quarter. Hudson Bay Capital Management LP now owns 2,281,624 shares of the real estate investment trust's stock valued at $20,877,000 after buying an additional 845,098 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Piedmont Office Realty Trust by 35.0% in the 4th quarter. Wellington Management Group LLP now owns 2,106,859 shares of the real estate investment trust's stock valued at $19,278,000 after purchasing an additional 546,242 shares during the period. Institutional investors and hedge funds own 84.48% of the company's stock.

Piedmont Office Realty Trust Stock Performance

Shares of NYSE:PDM traded down $0.01 during trading on Thursday, reaching $7.39. 51,385 shares of the stock were exchanged, compared to its average volume of 901,940. The firm has a market cap of $918.75 million, a PE ratio of -11.71 and a beta of 1.37. 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, Inc. has a 12 month low of $5.46 and a 12 month high of $11.12. The stock has a 50-day moving average price of $6.70 and a 200-day moving average price of $7.80.

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $141.29 million. During the same quarter last year, the business earned $0.39 earnings per share. Piedmont Office Realty Trust's revenue was down 1.3% on a year-over-year basis. Research analysts expect that Piedmont Office Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

Insider Activity at Piedmont Office Realty Trust

In other Piedmont Office Realty Trust news, CFO Sherry L. Rexroad purchased 16,850 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was purchased at an average cost of $5.95 per share, for a total transaction of $100,257.50. Following the acquisition, the chief financial officer now owns 16,850 shares in the company, valued at approximately $100,257.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PDM shares. Wall Street Zen raised Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. Truist Financial lowered their price objective on shares of 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 reduced their target price on shares of 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.

About Piedmont Office Realty Trust

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.