BlackRock Amends Piedmont Office Realty Trust Stake
Ticker: PDM · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1042776
| Field | Detail |
|---|---|
| Company | Piedmont Office Realty Trust, Inc. (PDM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate
TL;DR
**BlackRock still owns Piedmont stock, showing continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in Piedmont Office Realty Trust, Inc. as of December 31, 2023. This amendment (Amendment No. 14) indicates a change in BlackRock's beneficial ownership of Piedmont's Common Stock. For investors, this filing shows that a major institutional investor like BlackRock continues to hold a significant position in Piedmont, which can be seen as a vote of confidence, but the specific change in their holding percentage is not detailed in this excerpt, making it important to compare with previous filings.
Why It Matters
This filing confirms BlackRock's continued significant institutional ownership in Piedmont Office Realty Trust, which can influence investor perception and stock stability.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating ongoing ownership rather than a new, volatile event.
Analyst Insight
Investors should cross-reference this filing with previous SC 13G filings by BlackRock to determine if their ownership percentage in Piedmont Office Realty Trust, Inc. has increased, decreased, or remained stable, as this specific excerpt does not provide the percentage.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Piedmont Office Realty Trust, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 14 (number) — the specific amendment number for this filing
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G, filed by BlackRock Inc. regarding its ownership in Piedmont Office Realty Trust, Inc.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Piedmont Office Realty Trust, Inc. is 720190206.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.
What is the business address of Piedmont Office Realty Trust, Inc.?
Piedmont Office Realty Trust, Inc.'s business address is 5565 Glenridge Connector, Suite 450, Atlanta, GA 30342.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Piedmont Office Realty Trust, Inc. (PDM).