BlackRock Amends Piedmont Office Realty Trust Stake
Ticker: PDM · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z
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.
From the Filing
EDGAR Filing Documents for 0001086364-24-001416 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001416 Filing Date 2024-01-23 Accepted 2024-01-23 11:52:30 Documents 1 Document Format Files Seq Description Document Type Size 1 us7201902068_012324.txt SC 13G/A 11898 Complete submission text file 0001086364-24-001416.txt 13877 Mailing Address 5565 GLENRIDGE CONNECTOR STE 450 ATLANTA GA 30342 Business Address 5565 GLENRIDGE CONNECTOR STE 450 ATLANTA GA 30342 7704188800 Piedmont Office Realty Trust, Inc. (Subject) CIK : 0001042776 (see all company filings) EIN. : 582328421 | State of Incorp.: MD | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-80150 | Film No.: 24551357 SIC : 6512 Opeators of Nonresidential Buildings (CF Office: 05 Real Estate & Construction) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)