Dividend Watching: $0.21 dividends will be a reality for Piedmont Office Realty Trust, Inc. (NYSE:PDM)’s shareholders on Jan 3, 2017.

Dividend Watching: $0.21 dividends will be a reality for Piedmont Office Realty Trust, Inc. (NYSE:PDM)'s shareholders on Jan 3, 2017.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) is expected to pay $0.21 on Jan 3, 2017. The indicated annual dividend is $0.84. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on Piedmont Office Realty Trust, Inc.’s current price of $18.96, the dividend is 1.11%. This dividend’s record date is Nov 25, 2016 and the announcement date is Nov 2, 2016. The stock closed at $18.96 during the last session. It is down 5.91% since April 19, 2016 and is downtrending. It has underperformed by 9.77% the S&P500.

Piedmont Office Realty Trust, Inc. 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 has a market cap of $2.71 billion. The Firm operates through its real estate assets segment. It has a 13.61 P/E ratio. It conducts business through Piedmont Operating Partnership, L.P. (Piedmont OP), as well as performs the management of its buildings through its subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC.

Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.18, from 0.93 in 2016Q1. The ratio is positive, as 19 funds sold all Piedmont Office Realty Trust, Inc. shares owned while 71 reduced positions. 17 funds bought stakes while 67 increased positions. They now own 119.90 million shares or 1.54% more from 118.08 million shares in 2016Q1.
Blackrock Lc accumulated 0% or 79,878 shares. Omers Administration holds 111,300 shares or 0.05% of its portfolio. Northern Tru holds 2.13 million shares or 0.01% of its portfolio. Prudential Fin has 0.04% invested in the company for 971,223 shares. Cwm Ltd Liability holds 0% or 556 shares in its portfolio. Dimensional Fund Lp last reported 2.08M shares in the company. Financial Architects Inc has 0% invested in the company for 99 shares. Kcm Investment Limited has invested 0.03% of its portfolio in Piedmont Office Realty Trust, Inc. (NYSE:PDM). The Netherlands-based Robeco Institutional Asset Mgmt Bv has invested 0.01% in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Invesco Limited accumulated 6.61M shares or 0.05% of the stock. Hancock accumulated 0.01% or 10,720 shares. Moreover, State Bank Of New York Mellon has 0.01% invested in Piedmont Office Realty Trust, Inc. (NYSE:PDM) for 1.07M shares. The California-based Blackrock Institutional Tru Na has invested 0.02% in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Guggenheim Capital Ltd Liability Com accumulated 0% or 39,925 shares. The New York-based Citigroup Inc has invested 0.01% in Piedmont Office Realty Trust, Inc. (NYSE:PDM).

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

Out of 4 analysts covering Piedmont Office Realty Trust (NYSE:PDM), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. Piedmont Office Realty Trust has been the topic of 7 analyst reports since September 3, 2015 according to StockzIntelligence Inc. On Tuesday, May 3 the stock rating was maintained by DA Davidson with “Neutral”. The company was downgraded on Monday, December 14 by Stifel Nicolaus. The firm earned “Neutral” rating on Thursday, January 7 by Robert W. Baird. The rating was maintained by SunTrust on Thursday, September 3 with “Neutral”. The stock has “Sell” rating given by Stifel Nicolaus on Tuesday, May 10.

PDM Company Profile

Piedmont Office Realty Trust, Inc. (Piedmont), incorporated on July 3, 1997, is an integrated self-managed real estate investment trust (REIT) specializing in the acquisition, ownership, management, development and disposition of primarily Class A office buildings located in the United States office markets. The Firm operates through its real estate assets segment. The Firm conducts business through Piedmont Operating Partnership, L.P. (Piedmont OP), as well as performs the management of its buildings through its subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. Piedmont is the sole general partner of, Piedmont OP and as such, possesses legal control and authority over the activities of Piedmont OP.

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