Piedmont Office Realty Trust (PDM) : Aew Capital Management L P reduced its stake in Piedmont Office Realty Trust by 3.16% during the most recent quarter end. The investment management company now holds a total of 6,139,172 shares of Piedmont Office Realty Trust which is valued at $131,869,415 after selling 200,100 shares in Piedmont Office Realty Trust , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Piedmont Office Realty Trust makes up approximately 2.61% of Aew Capital Management L P’s portfolio.
Other Hedge Funds, Including , Tfs Capital sold out all of its stake in PDM during the most recent quarter. The investment firm sold 21,542 shares of PDM which is valued $462,722.Penserra Capital Management reduced its stake in PDM by selling 195 shares or 18.11% in the most recent quarter. The Hedge Fund company now holds 882 shares of PDM which is valued at $18,866.First Trust Advisors Lp boosted its stake in PDM in the latest quarter, The investment management firm added 423,619 additional shares and now holds a total of 478,840 shares of Piedmont Office Realty Trust which is valued at $10,208,869. Piedmont Office Realty Trust makes up approx 0.03% of First Trust Advisors Lp’s portfolio.Utah Retirement Systems reduced its stake in PDM by selling 2,700 shares or 6.01% in the most recent quarter. The Hedge Fund company now holds 42,260 shares of PDM which is valued at $914,084. Piedmont Office Realty Trust makes up approx 0.02% of Utah Retirement Systems’s portfolio.
Piedmont Office Realty Trust opened for trading at $21.56 and hit $21.75 on the upside on Tuesday, eventually ending the session at $21.67, with a gain of 0.79% or 0.17 points. The heightened volatility saw the trading volume jump to 4,17,298 shares. Company has a market cap of $3,147 M.
On the company’s financial health, Piedmont Office Realty Trust reported $0.40 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.40. The company had revenue of $135.30 million for the quarter, compared to analysts expectations of $138.17 million. The company’s revenue was down -7.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Piedmont Office Realty Trust. Company shares were Reiterated by DA Davidson on Aug 8, 2016 to “Neutral”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .
Piedmont Office Realty Trust Inc. (Piedmont) is an integrated self-managed real estate investment trust (REIT) specializing in the acquisition ownership management development and disposition of primarily Class A office buildings located in the United States office markets. The Company conducts business through Piedmont Operating Partnership L.P. as well as performing the management of its buildings through two wholly owned subsidiaries Piedmont Government Services LLC and Piedmont Office Management LLC. The Company owns and operates 74 office properties one redevelopment asset and one office building through an unconsolidated joint venture. The Company’s office buildings are located primarily in nine United States office markets including Atlanta Boston Chicago Dallas Houston Los Angeles Minneapolis New York and Washington D.C.