Piedmont Office Realty Trust (NYSE:PDM) Issues FY 2025 Earnings Guidance

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 1.380-1.440 for the period, compared to the consensus earnings per share estimate of 1.420. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

PDM has been the topic of several research reports. Robert W. Baird cut their price objective on shares of Piedmont Office Realty Trust from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Baird R W cut Piedmont Office Realty Trust from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 16th. StockNews.com upgraded Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a report on Monday, February 17th. Finally, Truist Financial restated a "buy" rating and issued a $10.00 target price (down previously from $11.00) on shares of Piedmont Office Realty Trust in a research note on Tuesday, February 25th.

Piedmont Office Realty Trust Stock Up 5.7 %

PDM stock traded up $0.36 during midday trading on Friday, hitting $6.64. The company's stock had a trading volume of 1,483,059 shares, compared to its average volume of 876,104. The company's fifty day moving average price is $6.90 and its 200 day moving average price is $8.33. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.10 and a quick ratio of 2.22. Piedmont Office Realty Trust has a twelve month low of $5.46 and a twelve month high of $11.12. The stock has a market capitalization of $826.07 million, a P/E ratio of -10.54 and a beta of 1.21.

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. Piedmont Office Realty Trust had a negative return on equity of 4.82% and a negative net margin of 13.86%. The business had revenue of $136.06 million for the quarter, compared to the consensus estimate of $141.29 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. Piedmont Office Realty Trust's quarterly revenue was down 1.3% on a year-over-year basis. As a group, equities research analysts predict that Piedmont Office Realty Trust will post 1.41 EPS for the current year.

Piedmont Office Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 7.53%. The ex-dividend date of this dividend was Friday, February 21st. Piedmont Office Realty Trust's payout ratio is presently -102.04%.

Insider Activity at Piedmont Office Realty Trust

In other news, CFO Sherry L. Rexroad purchased 16,850 shares of the company's stock in a transaction on Thursday, May 1st. The shares were purchased at an average cost of $5.95 per share, with a total value of $100,257.50. Following the completion of the transaction, the chief financial officer now owns 16,850 shares of the company's stock, valued at $100,257.50. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.29% of the stock is owned by company insiders.

Piedmont Office Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") NYSE: PDM is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.