Piedmont Office Realty Trust (NYSE:PDM) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01, Zacks reports. Piedmont Office Realty Trust had a negative net margin of 13.86% and a negative return on equity of 4.82%. The firm had revenue of $136.06 million for the quarter, compared to analysts' expectations of $141.29 million. During the same period in the previous year, the business earned $0.39 earnings per share. Piedmont Office Realty Trust's revenue for the quarter was down 1.3% compared to the same quarter last year. Piedmont Office Realty Trust updated its FY 2025 guidance to 1.380-1.440 EPS.

Piedmont Office Realty Trust Stock Up 5.8 %

PDM stock traded up $0.35 during trading hours on Thursday, hitting $6.26. The company's stock had a trading volume of 728,689 shares, compared to its average volume of 900,728. The company has a quick ratio of 2.22, a current ratio of 2.10 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $778.17 million, a PE ratio of -9.93 and a beta of 1.21. Piedmont Office Realty Trust has a 12 month low of $5.46 and a 12 month high of $11.11. The stock has a 50 day moving average price of $6.92 and a two-hundred day moving average price of $8.40.

Piedmont Office Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were paid a $0.125 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.50 annualized dividend and a yield of 7.99%. Piedmont Office Realty Trust's dividend payout ratio is presently -79.37%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PDM shares. Robert W. Baird dropped their target price on shares of Piedmont Office Realty Trust from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Baird R W downgraded shares of Piedmont Office Realty Trust from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 16th. Truist Financial reiterated a "buy" rating and issued a $10.00 target price (down from $11.00) on shares of Piedmont Office Realty Trust in a report on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a report on Monday, February 17th.

About Piedmont Office Realty Trust

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.