Jump Financial LLC Makes New Investment in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Jump Financial LLC bought a new position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 72,436 shares of the real estate investment trust's stock, valued at approximately $663,000. Jump Financial LLC owned approximately 0.06% of Piedmont Office Realty Trust as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC raised its holdings in Piedmont Office Realty Trust by 809.2% during the fourth quarter. Sterling Capital Management LLC now owns 3,955 shares of the real estate investment trust's stock worth $36,000 after buying an additional 3,520 shares during the last quarter. Harbour Investments Inc. raised its holdings in 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 buying an additional 1,216 shares during the last quarter. Xponance Inc. acquired a new position in Piedmont Office Realty Trust during the fourth quarter worth $95,000. Arkadios Wealth Advisors acquired a new position in Piedmont Office Realty Trust during the fourth quarter worth $105,000. Finally, Cibc World Markets Corp acquired a new position in Piedmont Office Realty Trust during the fourth quarter worth $106,000. 84.48% of the stock is owned by institutional investors.

Piedmont Office Realty Trust Stock Performance

NYSE PDM traded down $0.02 during trading hours on Monday, reaching $6.78. 712,907 shares of the company were exchanged, compared to its average volume of 836,654. Piedmont Office Realty Trust, Inc. has a 1 year low of $5.81 and a 1 year high of $11.12. The business's 50 day simple moving average is $6.98 and its 200-day simple moving average is $8.44. 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 stock has a market capitalization of $843.49 million, a P/E ratio of -10.76 and a beta of 1.21.

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. Piedmont Office Realty Trust had a negative net margin of 13.86% and a negative return on equity of 4.82%. On average, equities research analysts expect that Piedmont Office Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Piedmont Office Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.50 dividend on an annualized basis and a yield of 7.37%. Piedmont Office Realty Trust's dividend payout ratio (DPR) is presently -79.37%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Robert W. Baird lowered their price objective on shares of Piedmont Office Realty Trust from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Baird R W downgraded shares of Piedmont Office Realty Trust from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 16th. Truist Financial reiterated a "buy" rating and issued a $10.00 target price (down previously from $11.00) on shares of Piedmont Office Realty Trust in a report on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a report on Monday, February 17th.

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.