J.W. Cole Advisors Inc. acquired a new stake in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM – Get Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 89,779 shares of the real estate investment trust's stock, valued at approximately $27,000. J.W. Cole Advisors Inc. owned approximately 0.07% of Piedmont Office Realty Trust at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in shares of Piedmont Office Realty Trust during the first quarter worth $25,000. Rise Advisors LLC acquired a new position in shares of Piedmont Office Realty Trust during the fourth quarter worth $29,000. Prospera Financial Services Inc acquired a new position in shares of Piedmont Office Realty Trust during the first quarter worth $29,000. CWM LLC increased its holdings in shares of Piedmont Office Realty Trust by 74.4% during the first quarter. CWM LLC now owns 7,493 shares of the real estate investment trust's stock worth $129,000 after buying an additional 3,197 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Piedmont Office Realty Trust by 31.5% in the fourth quarter. Schroder Investment Management Group now owns 8,028 shares of the real estate investment trust's stock valued at $148,000 after purchasing an additional 1,924 shares during the period. 82.51% of the stock is currently owned by institutional investors and hedge funds.

Piedmont Office Realty Trust Stock Performance

NYSE PDM opened at $11.21 on Friday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 29.50 and a beta of 0.97. Piedmont Office Realty Trust, Inc. has a twelve month low of $10.95 and a twelve month high of $19.84. The stock has a fifty day simple moving average of $12.67 and a 200 day simple moving average of $14.29. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.92.

Piedmont Office Realty Trust Dividend Announcement

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their price objective on Piedmont Office Realty Trust from $21.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, June 30th.

Insider Activity at Piedmont Office Realty Trust

In other news, Director Glenn Gary Cohen purchased 3,000 shares of the business's stock in a transaction on Thursday, August 4th. The shares were acquired at an average price of $13.01 per share, with a total value of $39,030.00. Following the completion of the transaction, the director now owns 30,419 shares of the company's stock, valued at approximately $395,751.19. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.13% of the stock is currently owned by company insiders.

Piedmont Office Realty Trust Profile

(Get Rating)

Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt.

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