Piedmont Office Realty Trust (PDM) Stock Rating Reaffirmed by Stifel Nicolaus

Piedmont Office Realty Trust (NYSE:PDM)‘s stock had its “hold” rating reaffirmed by investment analysts at Stifel Nicolaus in a research note issued to investors on Friday.

A number of other research analysts have also recently commented on PDM. Robert W. Baird set a $22.00 target price on shares of Piedmont Office Realty Trust and gave the stock a “buy” rating in a research report on Thursday. ValuEngine cut shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday. SunTrust Banks set a $21.00 target price on shares of Piedmont Office Realty Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research raised shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $21.50.

Piedmont Office Realty Trust (NYSE:PDM) opened at $18.06 on Friday. Piedmont Office Realty Trust has a 12-month low of $17.47 and a 12-month high of $23.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market cap of $2,487.01, a price-to-earnings ratio of 19.63, a PEG ratio of 2.62 and a beta of 0.55.

Several hedge funds and other institutional investors have recently bought and sold shares of PDM. TIAA CREF Investment Management LLC lifted its position in shares of Piedmont Office Realty Trust by 18.7% during the second quarter. TIAA CREF Investment Management LLC now owns 309,810 shares of the real estate investment trust’s stock worth $6,531,000 after purchasing an additional 48,825 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Piedmont Office Realty Trust by 43.5% in the second quarter. Ameriprise Financial Inc. now owns 204,548 shares of the real estate investment trust’s stock worth $4,310,000 after buying an additional 62,053 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Piedmont Office Realty Trust by 19.4% in the second quarter. PNC Financial Services Group Inc. now owns 8,654 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 1,404 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Piedmont Office Realty Trust by 5.4% in the second quarter. Parametric Portfolio Associates LLC now owns 448,355 shares of the real estate investment trust’s stock worth $9,451,000 after buying an additional 22,953 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Piedmont Office Realty Trust by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,265,264 shares of the real estate investment trust’s stock worth $47,751,000 after buying an additional 83,447 shares during the last quarter. 83.70% of the stock is currently owned by institutional investors and hedge funds.

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Piedmont Office Realty Trust Company Profile

Piedmont Office Realty Trust, Inc is an integrated self-managed real estate investment trust (REIT). The Company’s business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture.

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