Cohen & Steers holds 5.38% of Piedmont Office Realty Trust (PDM)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Cohen & Steers, through several affiliated investment advisers, reported beneficial ownership of 6,698,202 shares of Piedmont Office Realty Trust, Inc. common stock, representing 5.38% of the outstanding class as of the stated date.
Cohen & Steers and Cohen & Steers Capital Management have sole voting power over 3,099,903 shares and sole dispositive power over the full 6,698,202 shares, with no shared voting or dispositive power. The securities are held for the benefit of client and account holders, who are entitled to dividends and sale proceeds.
The filing states that the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of Piedmont Office Realty Trust.
Positive
- None.
Negative
- None.
FAQ
What stake does Cohen & Steers report in Piedmont Office Realty Trust (PDM)?
Cohen & Steers reports beneficial ownership of 6,698,202 shares of Piedmont Office Realty Trust common stock, representing 5.38% of the outstanding class. This reflects a significant institutional position that crosses the 5% disclosure threshold under U.S. securities rules.
Which Cohen & Steers entities are included in the Piedmont (PDM) Schedule 13G filing?
The filing lists Cohen & Steers, Inc., Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd, Cohen & Steers Asia Ltd, and Cohen & Steers Ireland Ltd. These affiliated advisers collectively report beneficial ownership and related voting and dispositive powers over Piedmont’s common stock.
Are Cohen & Steers’ Piedmont (PDM) holdings intended to influence control of the company?
The filing states the securities were acquired and are held in the ordinary course of business and not to change or influence control of Piedmont. It also notes they are not held in connection with any control-related transaction, except activities tied to a specific nomination rule.
What type of filer is Cohen & Steers in the Piedmont (PDM) Schedule 13G?
Cohen & Steers, Inc. is identified as a parent holding company, while Cohen & Steers Capital Management, Cohen & Steers UK, Cohen & Steers Asia, and Cohen & Steers Ireland are classified as investment advisers or a non-U.S. institution, reflecting their asset management roles.