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Piedmont Office Realty Trust, Inc. (PDM) [hlAlert]

Rating:
Underperform
PDM
up 4.85 %

Piedmont Office Realty Trust, Inc. (PDM) rated Underperform by Wells Fargo

Posted on: Monday,  Nov 4, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Underperform Piedmont Office Realty Trust, Inc. (NYSE: PDM) on 11/04/2013, when the stock price was $18.14.
Since then, Piedmont Office Realty Trust, Inc. has lost 4.63% as of 12/14/2015's recent price of $17.30.
If you would have followed this Wells Fargo's recommendation on PDM, you would have gained 4.85% of your investment in 770 days.

Piedmont Office Realty Trust, Inc. (Piedmont) is a real estate investment trust (REIT). The Company is engaged in the acquisition and ownership of commercial real estate properties throughout the United States, including properties that are under construction, newly constructed, or have operating histories. Piedmont conducts business primarily through Piedmont Operating Partnership, L.P. (Piedmont OP), a limited partnership, as well as performing the management of its buildings through two wholly owned subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. Piedmont is the sole general partner of Piedmont OP. Piedmont OP owns properties directly, through wholly owned subsidiaries and through certain joint ventures with other third parties.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/4/2013 8:25 AM Sell
None
18.14
as of 12/13/2013
1 Week up  4.24 %
1 Month up  8.77 %
3 Months up  11.79 %
1 YTD up  11.79 %

(*) Stock Price at the time of the recommendation.
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