Piedmont Office Realty Trust Inc (NYSE:PDM) Stock Price While Sentiment Increases

July 17, 2017 - By Kurt Siggers

 Piedmont Office Realty Trust Inc (NYSE:PDM) Stock Price  While Sentiment  Increases

Sentiment for Piedmont Office Realty Trust Inc (NYSE:PDM)

Piedmont Office Realty Trust Inc (NYSE:PDM) institutional sentiment increased to 1.31 in 2016 Q4. Its up 0.20, from 1.11 in 2016Q3. The ratio has improved, as 109 funds opened new and increased positions, while 83 sold and trimmed positions in Piedmont Office Realty Trust Inc. The funds in our partner’s database now own: 117.71 million shares, down from 122.01 million shares in 2016Q3. Also, the number of funds holding Piedmont Office Realty Trust Inc in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 20 Reduced: 63 Increased: 73 New Position: 36.

Piedmont Office Realty Trust, Inc. is an integrated self-managed real estate investment trust . The company has market cap of $3.07 billion. The Company’s business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. It has a 27.02 P/E ratio. 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.

The stock increased 0.58% or $0.12 during the last trading session, reaching $20.88. About 363,925 shares traded. Piedmont Office Realty Trust, Inc. (NYSE:PDM) has risen 9.82% since July 17, 2016 and is uptrending. It has underperformed by 6.88% the S&P500.

Investors wait Piedmont Office Realty Trust, Inc. (NYSE:PDM) to report on August, 2. its quarterly earnings Wall Street analysts expect $0.43 earnings per share, up $0.03 or 7.50 % from last year’s $0.4 same quarter earnings. This translates into $63.22M profit for PDM giving the stock a 12.14 P/E. This is assuming the current $0.43 EPS is accurate. Piedmont Office Realty Trust, Inc.’s Wall Street analysts see -4.44 % negative EPS growth, taking into account the $0.45 EPS reproted in the previous quarter,

Aew Capital Management L P holds 2.82% of its portfolio in Piedmont Office Realty Trust, Inc. for 5.64 million shares. Green Street Investors Llc owns 100,400 shares or 2.11% of their US portfolio. Moreover, Private Management Group Inc has 1.18% invested in the company for 996,336 shares. The Hong Kong-based Parametrica Management Ltd has invested 0.93% in the stock. Landscape Capital Management L.L.C., a New Jersey-based fund reported 298,400 shares.#img1#

Since January 1, 0001, it had 0 buys, and 1 sale for $168,758 activity.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Ratings Coverage

Ratings analysis reveals 0 of Piedmont Office Realty Trust’s analysts are positive. Out of 4 Wall Street analysts rating Piedmont Office Realty Trust, 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $16.50 while the high is $22. The stock’s average target of $20.80 is -0.38% below today’s ($20.88) share price. PDM was included in 9 notes of analysts from September 3, 2015. The firm has “Neutral” rating given on Thursday, September 3 by SunTrust. Robert W. Baird downgraded the stock to “Neutral” rating in Thursday, January 7 report. The rating was maintained by Stifel Nicolaus with “Sell” on Tuesday, May 10. Stifel Nicolaus maintained it with “Hold” rating and $2100 target in Friday, July 14 report. The company was upgraded on Monday, January 23 by Stifel Nicolaus. The firm has “Sell” rating given on Monday, December 14 by Stifel Nicolaus. The rating was maintained by DA Davidson with “Neutral” on Tuesday, May 3.

More important recent Piedmont Office Realty Trust, Inc. (NYSE:PDM) news were published by: Nasdaq.com which released: “Piedmont Office Realty Trust Reports First Quarter 2017 Results” on May 03, 2017, also Bizjournals.com published article titled: “Foreign investors pay nearly $360 million for NASA headquarters”, Nasdaq.com published: “Piedmont Office Realty Trust is Oversold” on July 11, 2017. More interesting news about Piedmont Office Realty Trust, Inc. (NYSE:PDM) was released by: Nasdaq.com and their article: “Christopher A. Kollme to Join Piedmont Office Realty Trust Inc.’s Executive Team” with publication date: May 31, 2017.

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