Healthcare of Ontario Pension Plan Trust Fund Increases Stock Holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Posted by Defense World Staff on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM – Get Rating) by 71.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,316 shares of the real estate investment trust’s stock after buying an additional 23,505 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Piedmont Office Realty Trust were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC purchased a new position in shares of Piedmont Office Realty Trust during the 3rd quarter valued at approximately $35,000. Wipfli Financial Advisors LLC purchased a new position in shares of Piedmont Office Realty Trust during the 3rd quarter valued at approximately $43,000. Point72 Hong Kong Ltd raised its stake in Piedmont Office Realty Trust by 3,499.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 4,643 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 4,514 shares during the last quarter. Quantbot Technologies LP acquired a new position in Piedmont Office Realty Trust in the 2nd quarter valued at $101,000. Finally, Captrust Financial Advisors acquired a new position in Piedmont Office Realty Trust in the 2nd quarter valued at $108,000. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PDM. StockNews.com raised Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 17th. JPMorgan Chase & Co. cut their target price on Piedmont Office Realty Trust from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, December 2nd.

Piedmont Office Realty Trust Stock Down 1.1 %

Shares of NYSE:PDM opened at $9.15 on Wednesday. The business has a 50-day moving average price of $9.83 and a 200 day moving average price of $10.42. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.69 and a beta of 1.00. Piedmont Office Realty Trust, Inc. has a 12-month low of $8.72 and a 12-month high of $17.66.

Piedmont Office Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Friday, February 24th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 9.18%. The ex-dividend date is Thursday, February 23rd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is 70.59%.

Piedmont Office Realty Trust Company Profile

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Piedmont Office Realty Trust, Inc engages in the owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. . Its activities include acquisition, investment, development, management, disposing, and ownership of commercial real estate properties throughout the United States.