Piedmont Office Realty Trust
About: Piedmont Office Realty Trust Inc is a real estate investment trust engaged in the acquisition, development, and management of commercial real estate properties throughout the U.S. The company's real estate portfolio is mainly composed of office properties located in the majority of American metropolitan areas. Piedmont derives majority of its revenue in the form of rental income from tenants in mid- to long-term lease agreements. The vast majority of the company's revenue comes from the leasing of its assets in Washington D.C., New York City, Chicago, Atlanta, Minneapolis, Dallas, and Boston. Piedmont's large customers in terms of rental revenue are U.S. Government entities, business services companies, and financial institutions.
Employees: 150
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
486% more call options, than puts
Call options by funds: $211K | Put options by funds: $36K
48% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 23
39% more capital invested
Capital invested by funds: $787M [Q2] → $1.09B (+$304M) [Q3]
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
5% more funds holding
Funds holding: 227 [Q2] → 238 (+11) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 75
0.41% less ownership
Funds ownership: 87.57% [Q2] → 87.17% (-0.41%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Baird Dave Rodgers 0% 1-year accuracy 0 / 1 met price target | 17%upside $11 | Outperform Maintained | 1 Nov 2024 |