Todays Report: The Ausdal Financial Partners Inc. Acquires 21,540 Shares of Piedmont Office Realty Trust Inc. (PDM)

The Ausdal Financial Partners Inc. Acquires 21,540  Shares of Piedmont Office Realty Trust Inc. (PDM)

Ausdal Financial Partners Inc. acquired a new stake in Piedmont Office Realty Trust Inc. (NYSE:PDM) during the second quarter, Holdings Channel reports. The fund acquired 21,540 shares of the real estate investment trust’s stock, valued at approximately $464,000.

Several other large investors have also recently added to or reduced their stakes in PDM. Rafferty Asset Management LLC boosted its stake in Piedmont Office Realty Trust by 49.0% in the first quarter. Rafferty Asset Management LLC now owns 19,196 shares of the real estate investment trust’s stock valued at $390,000 after buying an additional 6,312 shares during the period. State Street Corp boosted its stake in Piedmont Office Realty Trust by 16.5% in the first quarter. State Street Corp now owns 4,313,627 shares of the real estate investment trust’s stock valued at $87,606,000 after buying an additional 609,455 shares during the period. Kempen Capital Management N.V. boosted its stake in Piedmont Office Realty Trust by 21.6% in the first quarter. Kempen Capital Management N.V. now owns 86,807 shares of the real estate investment trust’s stock valued at $1,763,000 after buying an additional 15,412 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in Piedmont Office Realty Trust during the first quarter valued at about $745,000. Finally, JPMorgan Chase & Co. boosted its stake in Piedmont Office Realty Trust by 95.2% in the first quarter. JPMorgan Chase & Co. now owns 1,034,489 shares of the real estate investment trust’s stock valued at $21,011,000 after buying an additional 504,435 shares during the period. 83.34% of the stock is owned by institutional investors and hedge funds.

Shares of Piedmont Office Realty Trust Inc. (NYSE:PDM) traded up 0.05% during midday trading on Friday, reaching $21.07. 191,148 shares of the company were exchanged. Piedmont Office Realty Trust Inc. has a 52-week low of $16.93 and a 52-week high of $22.28. The company has a market capitalization of $3.06 billion, a PE ratio of 14.40 and a beta of 0.56. The stock’s 50-day moving average price is $21.32 and its 200-day moving average price is $20.88.

Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. Piedmont Office Realty Trust had a net margin of 38.14% and a return on equity of 9.87%. The company earned $135.30 million during the quarter, compared to analyst estimates of $138.87 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. Analysts anticipate that Piedmont Office Realty Trust Inc. will post $1.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 26th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Wednesday, August 24th. Piedmont Office Realty Trust’s payout ratio is currently 57.93%.

Several research firms have recently issued reports on PDM. Zacks Investment Research cut shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. DA Davidson lifted their price objective on shares of Piedmont Office Realty Trust from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Piedmont Office Realty Trust currently has an average rating of “Hold” and a consensus price target of $20.67.

Piedmont Office Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (Piedmont) is an integrated self-managed real estate investment trust specializing in the acquisition, ownership, management, development and disposition of primarily Class A office buildings located in the United States office markets. The Company operates through its real estate assets segment.

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