Should I buy or sell Piedmont Office Realty Trust stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PDM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PDM, but not buy additional shares or sell existing shares. View PDM analyst ratings or view top-rated stocks .

What is Piedmont Office Realty Trust's stock price target for 2024?

1 brokers have issued 1-year price objectives for Piedmont Office Realty Trust's stock. Their PDM share price targets range from $14.00 to $14.00. On average, they expect the company's share price to reach $14.00 in the next twelve months. This suggests a possible upside of 124.4% from the stock's current price. View analysts price targets for PDM or view top-rated stocks among Wall Street analysts .

How have PDM shares performed in 2023?

Piedmont Office Realty Trust's stock was trading at $9.17 at the beginning of 2023. Since then, PDM shares have decreased by 32.0% and is now trading at $6.24. View the best growth stocks for 2023 here .

When is Piedmont Office Realty Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024. View our PDM earnings forecast .

How were Piedmont Office Realty Trust's earnings last quarter?

Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its quarterly earnings data on Monday, October, 30th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by $0.57. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 3.05% and a net margin of 9.53%.

How often does Piedmont Office Realty Trust pay dividends? What is the dividend yield for Piedmont Office Realty Trust?

Piedmont Office Realty Trust announced a quarterly dividend on Wednesday, October 25th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.125 per share on Tuesday, January 2nd. This represents a $0.50 annualized dividend and a yield of 8.01%. The ex-dividend date is Wednesday, November 22nd. Read our dividend analysis for PDM .

Is Piedmont Office Realty Trust a good dividend stock?

Piedmont Office Realty Trust (NYSE:PDM) pays an annual dividend of $0.50 per share and currently has a dividend yield of 8.43%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 113.64%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PDM will have a dividend payout ratio of 31.25% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PDM .

What ETFs hold Piedmont Office Realty Trust's stock?

ETFs with the largest weight of Piedmont Office Realty Trust (NYSE:PDM) stock in their portfolio include ALPS REIT Dividend Dogs ETF (RDOG) and GraniteShares HIPS US High Income ETF (HIPS) . Hoya Capital High Dividend Yield ETF (RIET) .

What other stocks do shareholders of Piedmont Office Realty Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Piedmont Office Realty Trust investors own include STORE Capital (STOR) , VEREIT (VER) , Brandywine Realty Trust (BDN) , New Residential Investment (NRZ) , Omega Healthcare Investors (OHI) , Spirit Realty Capital (SRC) , AGNC Investment (AGNC) , Apple Hospitality REIT (APLE) and Preferred Apartment Communities (APTS) .

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include LSV Asset Management (3.68%), Private Management Group Inc. (3.61%), Charles Schwab Investment Management Inc. (2.59%), Fuller & Thaler Asset Management Inc. (2.28%), Wilsey Asset Management Inc. (1.47%) and Glenmede Trust Co. NA (1.37%). Insiders that own company stock include Barbara B Lang, Christopher Brent Smith , Dale H Taysom, Edward H Guilbert III, Glenn Gary Cohen, Laura P Moon and Robert E Bowers. View institutional ownership trends .

How do I buy shares of Piedmont Office Realty Trust?

Shares of PDM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Piedmont Office Realty Trust Stock Price, News & Analysis (NYSE:PDM)

$6.24

+0.11 (+1.79%)

(As of 11/29/2023 ET)

Compare

Today's Range: $6.21
▼
$6.50
50-Day Range: $5.07
▼
$6.32
52-Week Range: $4.91
▼
$11.37

Volume: 700,493 shs
Average Volume: 1.35 million shs
Market Capitalization: $771.95 million

P/E Ratio: 14.18
Dividend Yield: 8.01%
Price Target: $14.00

Piedmont Office Realty Trust MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 124.4% Upside
$14.00 Price Target
Short Interest: Healthy
3.19% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -8.05%
From $1.74 to $1.60 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Finance Sector

451st out of 836 stocks

Nonresidential Building Operators Industry

2nd out of 4 stocks

3.0

Analyst's Opinion

Consensus Rating
Piedmont Office Realty Trust has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.00, Piedmont Office Realty Trust has a forecasted upside of 124.4% from its current price of $6.24.
Amount of Analyst Coverage
Piedmont Office Realty Trust has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.19% of the float of Piedmont Office Realty Trust has been sold short.
Short Interest Ratio / Days to Cover
Piedmont Office Realty Trust has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Piedmont Office Realty Trust has recently increased by 3.46%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Leadership
Piedmont Office Realty Trust is a leading dividend payer. It pays a dividend yield of 8.43%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Piedmont Office Realty Trust does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Piedmont Office Realty Trust is 113.64%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 31.25% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PDM.

0.0

News and Social Media Coverage

Search Interest
Only 3 people have searched for PDM on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Piedmont Office Realty Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Piedmont Office Realty Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.17% of the stock of Piedmont Office Realty Trust is held by insiders.
Percentage Held by Institutions
84.72% of the stock of Piedmont Office Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Piedmont Office Realty Trust are expected to decrease by -8.05% in the coming year, from $1.74 to $1.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Piedmont Office Realty Trust is 14.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of Piedmont Office Realty Trust is 14.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.77.
Price to Book Value per Share Ratio
Piedmont Office Realty Trust has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Piedmont Office Realty Trust Stock (NYSE:PDM)

Piedmont Office Realty Trust, Inc. (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. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. 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 S&P Global Ratings (BBB) and Moody's (Baa2). Piedmont is a 2023 ENERGY STAR Partner of the Year.

PDM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PDM Stock News Headlines

November 21, 2023 | americanbankingnews.com

Piedmont Office Realty Trust (NYSE:PDM) Stock Rating Lowered by StockNews.com

November 5, 2023 | seekingalpha.com

Piedmont Office: Most Risks Addressed Following Renewal Of Largest Tenant

November 30, 2023 | Autonomix (Ad)

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November 1, 2023 | finance.yahoo.com

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q3 2023 Earnings Call Transcript

November 1, 2023 | finance.yahoo.com

Q3 2023 Piedmont Office Realty Trust Inc Earnings Call

October 31, 2023 | finanznachrichten.de

Piedmont Office Realty Trust, Inc.: Piedmont Office Realty Trust Reports Third Quarter 2023 Results

October 30, 2023 | finance.yahoo.com

GE Vernova Chooses Piedmont’s Atlanta Galleria for New Strategic Hub

October 30, 2023 | finance.yahoo.com

U.S. BANCORP RENEWS 447,000 SF HEADQUARTERS IN MINNEAPOLIS, MN

November 30, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

October 30, 2023 | finance.yahoo.com

Piedmont Office Realty Trust Inc (PDM) Reports Q3 2023 Earnings

October 30, 2023 | finance.yahoo.com

Piedmont Office Realty Trust Reports Third Quarter 2023 Results

October 5, 2023 | finance.yahoo.com

Piedmont Office Realty Trust, Inc. to Report Third Quarter 2023 Financial Results

October 3, 2023 | seekingalpha.com

Piedmont Office: Calamitous Drops Don't Scare Us Out Of The Game

August 24, 2023 | finance.yahoo.com

11 Most Undervalued REIT Stocks to Buy According to Hedge Funds

August 18, 2023 | finance.yahoo.com

Is the Options Market Predicting a Spike in Piedmont Office (PDM) Stock?

August 10, 2023 | finance.yahoo.com

Orange Avenue closed, building evacuated due to unstable scaffolding in downtown Orlando

August 3, 2023 | msn.com

Piedmont Office Realty Trust Inc - (PDM) Declares $0.12 Dividend

July 31, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Pebblebrook Hotel (PEB) and Piedmont Office (PDM)

July 30, 2023 | msn.com

Piedmont Office: Dividend News Distracts From Material Upside Potential In Share Price

July 27, 2023 | finance.yahoo.com

Bear of the Day: Piedmont Office Realty Trust (PDM)

July 27, 2023 | finance.yahoo.com

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q2 2023 Earnings Call Transcript

July 27, 2023 | finance.yahoo.com

PIEDMONT OFFICE REALTY TRUST DECLARES THIRD QUARTER DIVIDEND

July 25, 2023 | finance.yahoo.com

PIEDMONT OFFICE REALTY TRUST ANNOUNCES RESULTS OF TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 4.450% SENIOR NOTES DUE 2024

July 20, 2023 | finance.yahoo.com

Piedmont Office Realty Trust Announces Closing of Senior Notes Offering and Reports Second Quarter 2023 Results

July 18, 2023 | finance.yahoo.com

PIEDMONT OFFICE REALTY TRUST COMMENCES OFFER TO PURCHASE ANY AND ALL OF ITS OUTSTANDING 4.450% SENIOR NOTES DUE 2024

July 11, 2023 | seekingalpha.com

Piedmont Office Realty Trust: Really Cheap With An 11% Yield

July 10, 2023 | finance.yahoo.com

Piedmont Office Realty Trust, Inc. to Report Second Quarter 2023 Financial Results

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/24/2023
Dividend Payable: 9/15/2023
Last Earnings: 10/30/2023
Ex-Dividend for 1/2 Dividend: 11/22/2023
Today: 11/30/2023
Fiscal Year End: 12/31/2023
Dividend Payable: 1/02/2024
Next Earnings (Estimated): 2/14/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Nonresidential building operators
Sub-Industry: Office REITs
Sector: Finance
Current Symbol: NYSE:PDM
CUSIP: 72019020
CIK: 1042776
Web: www.piedmontreit.com
Phone: (770) 418-8800
Fax: 770-418-8900
Employees: 149
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $14.00
High Stock Price Target: $14.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +124.4%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.44
Trailing P/E Ratio: 14.18
Forward P/E Ratio: 3.59
P/E Growth: N/A
Net Income: $146.83 million
Net Margins: 9.53%
Pretax Margin: 9.53%
Return on Equity: 3.05%
Return on Assets: 1.34%

Debt

Debt-to-Equity Ratio: 1.16
Current Ratio: 1.67
Quick Ratio: 1.67

Sales & Book Value

Annual Sales: $563.77 million
Price / Sales: 1.37
Cash Flow: $3.12 per share
Price / Cash Flow: 2.00
Book Value: $14.28 per share
Price / Book: 0.44

Miscellaneous

Outstanding Shares: 123,710,000
Free Float: 122,266,000
Market Cap: $771.95 million
Optionable: Optionable
Beta: 1.09

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A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

Mr. Christopher Brent Smith (Age 47)
President, CEO & Director
Comp: $1.55M
Mr. Robert E. Bowers CPA (Age 66)
CFO, Executive VP & Chief Administrative Officer
Comp: $922.17k
Mr. George M. Wells (Age 60)
Executive VP & COO
Comp: $767.25k
Mr. Christopher A. Kollme (Age 51)
Executive Vice President of Investments & Strategy
Comp: $731k
Mr. Robert K. Wiberg (Age 67)
Executive VP of Northeast Region & Co-Head of Development
Comp: $612.17k
Ms. Laura P. Moon (Age 52)
Chief Accounting Officer & Senior VP
Comp: $327.67k
Mr. Edward H. Guilbert III (Age 47)
Executive VP of Finance, Treasurer & Assistant Secretary
Thomas A. McKean
Senior VP, Associate General Counsel & Corporate Secretary
Ms. Lisa M. Tyler
Vice President of Human Resource
Mr. Damian J. Miller CFA
Executive Vice President of Dallas - Southwest Region

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PDM Stock Analysis - Frequently Asked Questions

Should I buy or sell Piedmont Office Realty Trust stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PDM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PDM, but not buy additional shares or sell existing shares.
View PDM analyst ratings or view top-rated stocks.
What is Piedmont Office Realty Trust's stock price target for 2024?: 1 brokers have issued 1-year price objectives for Piedmont Office Realty Trust's stock. Their PDM share price targets range from $14.00 to $14.00. On average, they expect the company's share price to reach $14.00 in the next twelve months. This suggests a possible upside of 124.4% from the stock's current price.
View analysts price targets for PDM or view top-rated stocks among Wall Street analysts.
How have PDM shares performed in 2023?: Piedmont Office Realty Trust's stock was trading at $9.17 at the beginning of 2023. Since then, PDM shares have decreased by 32.0% and is now trading at $6.24.
View the best growth stocks for 2023 here.
When is Piedmont Office Realty Trust's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our PDM earnings forecast.
How were Piedmont Office Realty Trust's earnings last quarter?: Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its quarterly earnings data on Monday, October, 30th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by $0.57. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 3.05% and a net margin of 9.53%.
How often does Piedmont Office Realty Trust pay dividends? What is the dividend yield for Piedmont Office Realty Trust?: Piedmont Office Realty Trust announced a quarterly dividend on Wednesday, October 25th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.125 per share on Tuesday, January 2nd. This represents a $0.50 annualized dividend and a yield of 8.01%. The ex-dividend date is Wednesday, November 22nd.
Read our dividend analysis for PDM.

Is Piedmont Office Realty Trust a good dividend stock?: Piedmont Office Realty Trust (NYSE:PDM) pays an annual dividend of $0.50 per share and currently has a dividend yield of 8.43%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 113.64%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PDM will have a dividend payout ratio of 31.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDM.
What ETFs hold Piedmont Office Realty Trust's stock?: ETFs with the largest weight of Piedmont Office Realty Trust (NYSE:PDM) stock in their portfolio include ALPS REIT Dividend Dogs ETF (RDOG) and GraniteShares HIPS US High Income ETF (HIPS).Hoya Capital High Dividend Yield ETF (RIET).
What other stocks do shareholders of Piedmont Office Realty Trust own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Piedmont Office Realty Trust investors own include STORE Capital (STOR), VEREIT (VER), Brandywine Realty Trust (BDN), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Spirit Realty Capital (SRC), AGNC Investment (AGNC), Apple Hospitality REIT (APLE) and Preferred Apartment Communities (APTS).
Who are Piedmont Office Realty Trust's major shareholders?: Piedmont Office Realty Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include LSV Asset Management (3.68%), Private Management Group Inc. (3.61%), Charles Schwab Investment Management Inc. (2.59%), Fuller & Thaler Asset Management Inc. (2.28%), Wilsey Asset Management Inc. (1.47%) and Glenmede Trust Co. NA (1.37%). Insiders that own company stock include Barbara B Lang, Christopher Brent Smith, Dale H Taysom, Edward H Guilbert III, Glenn Gary Cohen, Laura P Moon and Robert E Bowers.
View institutional ownership trends.
How do I buy shares of Piedmont Office Realty Trust?: Shares of PDM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:PDM) was last updated on 11/30/2023 by MarketBeat.com Staff

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Piedmont Office Realty Trust Stock Price, News & Analysis (NYSE:PDM)

Piedmont Office Realty Trust MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Piedmont Office Realty Trust Stock (NYSE:PDM)

PDM Stock Price History

PDM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

PDM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™