Piedmont Office Realty Trust Inc (NYSE:PDM) Move as Institutional Investors’ Sentiment Increased

July 17, 2017 - By test

 Piedmont Office Realty Trust Inc (NYSE:PDM) Move  as Institutional Investors' Sentiment  Increased

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

Piedmont Office Realty Trust Inc (NYSE:PDM) institutional sentiment increased to 1.31 in Q4 2016. Its up 0.20, from 1.11 in 2016Q3. The ratio increased, as 109 funds increased and started new equity positions, while 83 decreased and sold stakes 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 equity 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 EPS, 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 insider 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. Stifel Nicolaus downgraded the stock to “Sell” rating in Monday, December 14 report. As per Tuesday, May 3, the company rating was maintained by DA Davidson. Stifel Nicolaus upgraded it to “Hold” rating and $20.50 target in Monday, January 23 report. SunTrust maintained the shares of PDM in report on Thursday, September 3 with “Neutral” rating. As per Thursday, January 7, the company rating was downgraded by Robert W. Baird. The firm has “Sell” rating by Stifel Nicolaus given on Tuesday, May 10. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, July 14 report.

More important recent Piedmont Office Realty Trust, Inc. (NYSE:PDM) news were published by: Nasdaq.com which released: “Piedmont Office Realty Trust is Oversold” on July 11, 2017, also Nasdaq.com published article titled: “Piedmont Office Realty Trust Reports First Quarter 2017 Results”, Nasdaq.com published: “Christopher A. Kollme to Join Piedmont Office Realty Trust Inc.’s Executive Team” on May 31, 2017. More interesting news about Piedmont Office Realty Trust, Inc. (NYSE:PDM) was released by: Bizjournals.com and their article: “Foreign investors pay nearly $360 million for NASA headquarters” with publication date: July 06, 2017.

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