Piedmont Office Realty Trust Inc. [PDM] Investment Guide: What You Need to Know


Piedmont Office Realty Trust Inc.’s filing revealed that its Director Swope Jeffrey L. acquired Company’s shares for reported $0.5 million on Mar 20. In the deal valued at $7.16 per share,70,000 shares were bought. As a result of this transaction, Swope Jeffrey L. now holds 197,518 shares worth roughly $ 1.38 million.

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Then, BARRETT KELLY HEFNER bought 10,000 shares, generating $70,544 in total proceeds. Upon buying the shares at $7.05, the Director now owns 45,762 shares.

Before that, Taysom Dale H. bought 2,000 shares. Piedmont Office Realty Trust Inc. shares valued at $13,975 were divested by the Director at a price of $6.99 per share. As a result of the transaction, Taysom Dale H. now holds 41,976 shares, worth roughly $0.29 million.

Robert W. Baird upgraded its Piedmont Office Realty Trust Inc. [PDM] rating to an Outperform from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of 73.04 to its Friday closing price.

Price Performance Review of PDM

On Friday, Piedmont Office Realty Trust Inc. [NYSE:PDM] saw its stock jump 2.04% to $7.01. On the same session, the stock had its day’s lowest price of $6.95, but rose to a high of $7.08. Over the last five days, the stock has gained 10.22%. Piedmont Office Realty Trust Inc. shares have fallen nearly -23.56% since the year began. Nevertheless, the stocks have fallen -40.49% over the past one year. While a 52-week high of $12.70 was reached on 02/09/23, a 52-week low of $5.99 was recorded on 05/26/23. SMA at 50 days reached $7.16, while 200 days put it at $8.02. A total of 0.59 million shares were traded, compared to the trading of 0.71 million shares in the previous session.

Levels Of Support And Resistance For PDM Stock

The 24-hour chart illustrates a support level at 6.95, which if violated will result in even more drops to 6.88. On the upside, there is a resistance level at 7.08. A further resistance level may holdings at 7.14. The Relative Strength Index (RSI) on the 14-day chart is 53.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.75%. Stochastics %K at 78.58% indicates the stock is a holding.

How much short interest is there in Piedmont Office Realty Trust Inc.?

A steep rise in short interest was recorded in Piedmont Office Realty Trust Inc. stocks on Aug 14, 2023, dropping by -0.82 million shares to a total of 3.05 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.87 million shares. There was a decline of -26.89%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.98.

Piedmont Office Realty Trust Inc. [PDM] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 18,650,051 shares, or roughly 15.08% of the outstanding PDM shares. In other words, the investor’s shares have fallen by -1,104,472 from its previous 13-F filing of 19754523.0. Additionally, BlackRock Fund Advisors increased 4.47% of its stake after which the total value it holdings stand at $82,955,747, while SSgA Funds Management, Inc. reduced -0.58% of its stake to hold $46.06 million in the firm. Over the last quarter, LSV Asset Management purchased 295,400 shares of Piedmont Office Realty Trust Inc., while Fuller & Thaler Asset Management, bought 565,661 shares. At present, Private Management Group, Inc. is holding 3,554,499 shares valued at $26.45 million. Charles Schwab Investment Managem owned 2,997,639 shares of the company at the time of its most recent 13F filing, worth $22.3 million.


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