Jane Street Group LLC Sells 5,969 Shares of Piedmont Office Realty Trust, Inc. (PDM)

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Jane Street Group LLC trimmed its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 28.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,016 shares of the real estate investment trust’s stock after selling 5,969 shares during the quarter. Jane Street Group LLC’s holdings in Piedmont Office Realty Trust were worth $256,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in PDM. Capital Investment Advisory Services LLC acquired a new stake in Piedmont Office Realty Trust during the fourth quarter worth about $43,000. Lavaca Capital LLC acquired a new stake in Piedmont Office Realty Trust during the fourth quarter worth about $58,000. Redpoint Investment Management Pty Ltd acquired a new stake in Piedmont Office Realty Trust during the fourth quarter worth about $193,000. Caxton Associates LP acquired a new stake in Piedmont Office Realty Trust during the third quarter worth about $195,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Piedmont Office Realty Trust during the third quarter worth about $225,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

PDM opened at $20.50 on Wednesday. Piedmont Office Realty Trust, Inc. has a 1-year low of $16.43 and a 1-year high of $21.35. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $2.65 billion, a PE ratio of 11.85, a P/E/G ratio of 1.98 and a beta of 0.81.

Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings results on Tuesday, February 5th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). Piedmont Office Realty Trust had a net margin of 24.77% and a return on equity of 7.47%. The company had revenue of $137.20 million during the quarter, compared to analyst estimates of $125.41 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts expect that Piedmont Office Realty Trust, Inc. will post 1.77 earnings per share for the current year.

A number of equities research analysts have issued reports on PDM shares. Zacks Investment Research downgraded shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Stifel Nicolaus upgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating and increased their price objective for the stock from $16.00 to $20.00 in a research note on Thursday, February 7th. Finally, Robert W. Baird downgraded shares of Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.33.

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Piedmont Office Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select sub-markets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $5 billion portfolio is currently comprised of approximately 17 million square feet.

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Institutional Ownership by Quarter for Piedmont Office Realty Trust (NYSE:PDM)

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