Piedmont Office Realty Trust, Inc. (NYSE:PDM) Shares Bought by Eii Capital Management Inc.

Eii Capital Management Inc. boosted its stake in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 31.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,368 shares of the real estate investment trust’s stock after acquiring an additional 5,386 shares during the quarter. Eii Capital Management Inc.’s holdings in Piedmont Office Realty Trust were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC acquired a new stake in Piedmont Office Realty Trust during the 1st quarter worth approximately $25,000. Legacy Bridge LLC purchased a new position in shares of Piedmont Office Realty Trust during the 1st quarter worth approximately $28,000. Quantamental Technologies LLC purchased a new position in shares of Piedmont Office Realty Trust during the 1st quarter worth approximately $200,000. Virtu Financial LLC purchased a new position in shares of Piedmont Office Realty Trust during the 1st quarter worth approximately $207,000. Finally, Rehmann Capital Advisory Group raised its stake in shares of Piedmont Office Realty Trust by 998.9% during the 1st quarter. Rehmann Capital Advisory Group now owns 10,110 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 9,190 shares in the last quarter. 84.53% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.00.

Shares of PDM stock traded up $0.25 during trading hours on Tuesday, reaching $20.19. 335,909 shares of the company’s stock were exchanged, compared to its average volume of 770,928. The firm has a market cap of $2.52 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.88 and a beta of 0.68. The business’s 50 day simple moving average is $20.39. Piedmont Office Realty Trust, Inc. has a 1 year low of $16.43 and a 1 year high of $21.40. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.28 and a current ratio of 2.28.

Piedmont Office Realty Trust (NYSE:PDM) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The business had revenue of $132.90 million for the quarter, compared to analysts’ expectations of $120.78 million. Piedmont Office Realty Trust had a return on equity of 7.10% and a net margin of 23.19%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. Sell-side analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.78 EPS for the current fiscal year.

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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