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PDM Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc. engages in the owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. . Its activities include acquisition, investment, development, management, disposing, and ownership of commercial real estate properties throughout the United States. The company was founded on July 3, 1997 and is headquartered in Atlanta, GA.

Company profile

Ticker
PDM
Exchange
CEO
C. Brent Smith
Employees
Incorporated
Location
Fiscal year end
Former names
WELLS REAL EASTATE INVESTMENT TRUST INC, WELLS REAL ESTATE INVESTMENT TRUST INC
SEC CIK
IRS number
582328421

PDM stock data

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Calendar

28 Apr 21
27 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Smith Christopher Brent Common Stock Payment of exercise Dispose F No No 18.66 5,999 111.94K 133,578
3 Jun 21 Bowers Robert E Common Stock Gift Dispose G No No 0 4,322 0 293,215
17 May 21 Smith Christopher Brent Common Stock Payment of exercise Dispose F No No 18.12 3,538 64.11K 139,577
17 May 21 Bowers Robert E Common Stock Payment of exercise Dispose F No No 18.12 3,307 59.92K 297,537
17 May 21 Moon Laura P Common Stock Payment of exercise Dispose F No No 18.12 535 9.69K 49,661.349

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 243 232 +4.7%
Opened positions 42 32 +31.3%
Closed positions 31 44 -29.5%
Increased positions 71 86 -17.4%
Reduced positions 92 72 +27.8%
13F shares
Current Prev Q Change
Total value 1.81B 1.72B +5.1%
Total shares 101.64M 105.96M -4.1%
Total puts 17.8K 11.8K +50.8%
Total calls 17.3K 178.1K -90.3%
Total put/call ratio 1.0 0.1 +1452.9%
Largest owners
Shares Value Change
Vanguard 18.28M $317.5M +2.0%
BLK Blackrock 12.78M $221.95M +2.7%
LSV Asset Management 5.43M $94.24M -12.5%
STT State Street 4.97M $86.34M +0.3%
FMR 4.56M $79.13M -20.2%
Cbre Clarion Securities 3.81M $66.19M +8.0%
Wellington Management 3.28M $56.97M -21.8%
Dimensional Fund Advisors 2.43M $42.18M -6.3%
NTRS Northern Trust 2.41M $41.93M -22.3%
Weiss Multi-Strategy Advisers 2.34M $40.73M -16.9%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.61M EXIT
FMR 4.56M -1.15M -20.2%
Wellington Management 3.28M -915.32K -21.8%
LSV Asset Management 5.43M -774K -12.5%
NTRS Northern Trust 2.41M -694.19K -22.3%
Kempen Capital Management 111.78K -544.82K -83.0%
PRU Prudential Financial 1.27M +498.19K +64.8%
Weiss Multi-Strategy Advisers 2.34M -477.34K -16.9%
Arrowstreet Capital, Limited Partnership 903.38K +464.57K +105.9%
BMO Bank of Montreal 471.98K -433.82K -47.9%

Financial report summary

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Management Discussion
  • Net income applicable to common stockholders for the three months ended March 31, 2021 was $9.3 million, or $0.08 per diluted share, as compared with net income applicable to common stockholders of $8.7 million, or $0.07 per diluted share, for the three months ended March 31, 2020. The increase in net income for the three months ended March 31, 2021 as compared to the same period in the prior year was primarily a result of interest expense savings due to lower interest rates and debt outstanding, interest income earned on notes receivable associated with seller financing of our New Jersey Portfolio in October 2020, and a reduction in certain property operating costs as a result of reduced building utilization across our portfolio due to the COVID-19 pandemic. These increases in net income were largely offset by a reduction in transient parking revenue as a result of the COVID-19 pandemic and lower rental and tenant reimbursement revenue primarily as a result of capital transaction activity subsequent to January 1, 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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