How Analysts Feel About Piedmont Office Realty Trust, Inc. (NYSE:PDM)?

May 18, 2018 - By Margarite Burden

Investors sentiment decreased to 1.26 in Q4 2017. Its down 0.26, from 1.52 in 2017Q3. It is negative, as 25 investors sold Piedmont Office Realty Trust, Inc. shares while 57 reduced holdings. 36 funds opened positions while 67 raised stakes. 115.88 million shares or 1.70% less from 117.88 million shares in 2017Q3 were reported.
35,985 were reported by Chicago Equity Prtn Limited Liability Corp. Blackrock holds 0.01% or 10.52M shares. 2,458 are owned by Smith Asset Mngmt Grp L P. Great West Life Assurance Can owns 92,764 shares for 0% of their portfolio. Regions Financial holds 0% of its portfolio in Piedmont Office Realty Trust, Inc. (NYSE:PDM) for 10,620 shares. Balyasny Asset Management Lc invested in 23,491 shares. Principal Fin Grp holds 22,740 shares or 0% of its portfolio. Natl Bank Of Montreal Can reported 0.01% of its portfolio in Piedmont Office Realty Trust, Inc. (NYSE:PDM). State Common Retirement Fund has invested 0.01% in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Dupont Cap Management has invested 0.04% in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Parametric Limited Liability Company reported 457,644 shares. State Of Alaska Department Of Revenue holds 0.01% of its portfolio in Piedmont Office Realty Trust, Inc. (NYSE:PDM) for 31,730 shares. Price T Rowe Assocs Inc Md accumulated 52,410 shares. Thrivent Financial For Lutherans invested in 16,963 shares. Geode Capital Management Ltd Limited Liability Company owns 1.50 million shares or 0.01% of their US portfolio.

Since February 12, 2018, it had 3 insider purchases, and 0 insider sales for $336,489 activity. On Monday, February 12 the insider Smith Christopher Brent bought $49,840. 10,000 Piedmont Office Realty Trust, Inc. (NYSE:PDM) shares with value of $186,500 were bought by BARRETT KELLY HEFNER.

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

Among 3 analysts covering Piedmont Office (NYSE:PDM), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Piedmont Office had 6 analyst reports since January 8, 2018 according to SRatingsIntel. Stifel Nicolaus downgraded the stock to “Sell” rating in Tuesday, March 13 report. The stock of Piedmont Office Realty Trust, Inc. (NYSE:PDM) has “Buy” rating given on Monday, January 8 by Robert W. Baird. The rating was maintained by Robert W. Baird on Thursday, February 8 with “Buy”. The stock has “Hold” rating by SunTrust on Tuesday, March 6. The rating was maintained by SunTrust on Monday, January 22 with “Hold”. The rating was maintained by Stifel Nicolaus on Friday, February 9 with “Hold”. Below is a list of Piedmont Office Realty Trust, Inc. (NYSE:PDM) latest ratings and price target changes.

13/03/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Sell Downgrade
06/03/2018 Broker: SunTrust Rating: Hold New Target: $20.0 Maintain
09/02/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $18.0 Maintain
08/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $22.0 Maintain
22/01/2018 Broker: SunTrust Rating: Hold New Target: $21.0 Maintain
08/01/2018 Broker: Robert W. Baird Rating: Buy New Target: $21.0 Maintain

The stock decreased 0.94% or $0.17 during the last trading session, reaching $17.84. About 909,497 shares traded. Piedmont Office Realty Trust, Inc. (NYSE:PDM) has declined 17.45% since May 18, 2017 and is downtrending. It has underperformed by 29.00% the S&P500.

Piedmont Office Realty Trust, Inc. is a real estate investment trust. The company has market cap of $2.29 billion. The firm invests in real estate markets of the United States. It owns, manages, develops and operates high-quality, Class A office properties located in select sub markets of eight major Eastern U.S. office markets. It has a 14.46 P/E ratio. The firm was formerly known as Wells REIT, Inc.

Another recent and important Piedmont Office Realty Trust, Inc. (NYSE:PDM) news was published by Seekingalpha.com which published an article titled: “Piedmont Office Realty Trust’s (PDM) CEO Don Miller on Q1 2018 Results – Earnings Call Transcript” on May 02, 2018.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Institutional Positions Chart

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