Time to Reconsider Piedmont Office Realty Trust Inc Class A Common (NYSE:PDM) After Less Short Sellers?

August 9, 2018 - By Jack Shaw

Investors sentiment decreased to 1.03 in Q1 2018. Its down 0.23, from 1.26 in 2017Q4. It fall, as 20 investors sold Piedmont Office Realty Trust, Inc. shares while 66 reduced holdings. 33 funds opened positions while 56 raised stakes. 111.70 million shares or 3.61% less from 115.88 million shares in 2017Q4 were reported.
Ftb Advisors Inc accumulated 1,840 shares or 0% of the stock. Geode Mngmt Ltd Liability Company stated it has 1.55 million shares. Moreover, Vident Investment Advisory Limited Liability has 0.02% invested in Piedmont Office Realty Trust, Inc. (NYSE:PDM) for 22,107 shares. Schwab Charles Invest Mgmt Incorporated has 1.73M shares for 0.02% of their portfolio. Virginia Retirement System Et Al holds 0.02% or 84,700 shares in its portfolio. Johnson Financial Group Incorporated has 0.03% invested in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Bank Of America De has invested 0% in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Tiaa Cref Invest Mgmt Limited Com reported 0% of its portfolio in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Rafferty Asset Management Limited Liability Corp holds 0.01% or 36,180 shares. Chicago Equity Prtn Ltd Liability Corp reported 173,250 shares. Parkside Natl Bank & reported 132 shares. 225 were reported by Atlantic Grp Incorporated. Deutsche Bankshares Ag accumulated 1.19M shares. First Advisors Ltd Partnership invested in 754,973 shares. Point72 Asset Mgmt Lp stated it has 0.01% in Piedmont Office Realty Trust, Inc. (NYSE:PDM).

Since February 12, 2018, it had 3 insider buys, and 0 insider sales for $336,489 activity. Smith Christopher Brent had bought 2,800 shares worth $49,840 on Monday, February 12. BARRETT KELLY HEFNER had bought 10,000 shares worth $186,500 on Friday, May 4.

The stock of Piedmont Office Realty Trust Inc Class A Common (NYSE:PDM) registered a decrease of 19.68% in short interest. PDM’s total short interest was 3.55 million shares in August as published by FINRA. Its down 19.68% from 4.41 million shares, reported previously. With 861,700 shares average volume, it will take short sellers 4 days to cover their PDM’s short positions. The short interest to Piedmont Office Realty Trust Inc Class A Common’s float is 2.48%.

The stock decreased 0.35% or $0.07 during the last trading session, reaching $19.93. About 193,167 shares traded. Piedmont Office Realty Trust, Inc. (NYSE:PDM) has declined 10.67% since August 9, 2017 and is downtrending. It has underperformed by 23.24% the S&P500.

Piedmont Office Realty Trust, Inc. is a real estate investment trust. The company has market cap of $2.56 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 16.93 P/E ratio. The firm was formerly known as Wells REIT, Inc.

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 3 analyst reports since March 6, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, March 6 by SunTrust. DA Davidson upgraded Piedmont Office Realty Trust, Inc. (NYSE:PDM) rating on Friday, June 29. DA Davidson has “Buy” rating and $23 target. On Tuesday, March 13 the stock rating was downgraded by Stifel Nicolaus to “Sell”.

More news for Piedmont Office Realty Trust, Inc. (NYSE:PDM) were recently published by: Nasdaq.com, which released: “PIEDMONT OFFICE REALTY TRUST TO REPORT SECOND QUARTER 2018 FINANCIAL RESULTS” on July 11, 2018. Bizjournals.com‘s article titled: “Banking on change: SunTrust’s new lease on downtown life” and published on July 19, 2018 is yet another important article.

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

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