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NYSE:PDMPiedmont Office Realty Trust Stock Price, Forecast & News

$16.71
+0.38 (+2.33 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$16.17
Now: $16.71
$16.78
50-Day Range
$15.02
MA: $16.07
$16.93
52-Week Range
$12.85
Now: $16.71
$24.78
Volume722,535 shs
Average Volume1.01 million shs
Market Capitalization$2.11 billion
P/E Ratio5.66
Dividend Yield5.14%
Beta0.71
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select sub-markets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $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 major markets and is investment-grade rated by Standard & Poor's (BBB) and Moody's (Baa2).
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Piedmont Office Realty Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.69 out of 5 stars


Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
CUSIP72019020
Phone770-418-8800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$533.18 million
Cash Flow$3.30 per share
Book Value$15.45 per share

Profitability

Net Income$229.26 million

Miscellaneous

Employees134
Market Cap$2.11 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$16.71
+0.38 (+2.33 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Piedmont Office Realty Trust (NYSE:PDM) Frequently Asked Questions

How has Piedmont Office Realty Trust's stock been impacted by COVID-19 (Coronavirus)?

Piedmont Office Realty Trust's stock was trading at $19.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PDM shares have decreased by 15.1% and is now trading at $16.71.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Piedmont Office Realty Trust?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Piedmont Office Realty Trust
.

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

Piedmont Office Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Piedmont Office Realty Trust
.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its quarterly earnings data on Wednesday, April, 29th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.09 by $0.02. The real estate investment trust had revenue of $137.20 million for the quarter, compared to analyst estimates of $121.05 million. Piedmont Office Realty Trust had a net margin of 68.72% and a return on equity of 20.58%. The business's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS.
View Piedmont Office Realty Trust's earnings history
.

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

Piedmont Office Realty Trust declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 28th will be given a dividend of $0.21 per share on Friday, September 18th. This represents a $0.84 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, August 27th.
View Piedmont Office Realty Trust's dividend history
.

What price target have analysts set for PDM?

3 brokerages have issued 1-year price targets for Piedmont Office Realty Trust's stock. Their forecasts range from $18.00 to $22.00. On average, they anticipate Piedmont Office Realty Trust's share price to reach $19.67 in the next year. This suggests a possible upside of 17.7% from the stock's current price.
View analysts' price targets for Piedmont Office Realty Trust
.

Has Piedmont Office Realty Trust been receiving favorable news coverage?

Media headlines about PDM stock have trended very positive this week, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a news impact score of 4.0 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about Piedmont Office Realty Trust
.

Who are some of Piedmont Office Realty Trust's key competitors?

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

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the following people:
  • Mr. Donald A. Miller C.F.A., CFA, CEO & Director (Age 56)
  • Mr. Christopher Brent Smith, Pres, Chief Investment Officer & Director (Age 43)
  • Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 62)
  • Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Head of Devel. (Age 63)
  • Mr. Christopher A. Kollme, Exec. VP of Fin. & Strategy

What is Piedmont Office Realty Trust's stock symbol?

Piedmont Office Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDM."

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include LSV Asset Management (5.26%), Robeco Institutional Asset Management B.V. (1.23%), Chartwell Investment Partners LLC (0.63%), Russell Investments Group Ltd. (0.61%), Foundry Partners LLC (0.40%) and Strs Ohio (0.31%). Company insiders that own Piedmont Office Realty Trust stock include Dale H Taysom, Glenn Gary Cohen and Jeffrey L Swope.
View institutional ownership trends for Piedmont Office Realty Trust
.

Which major investors are selling Piedmont Office Realty Trust stock?

PDM stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Robeco Institutional Asset Management B.V., Foster & Motley Inc., Clean Yield Group, UBS Group AG, Virtus ETF Advisers LLC, Bessemer Group Inc., and Dupont Capital Management Corp.
View insider buying and selling activity for Piedmont Office Realty Trust
.

Which major investors are buying Piedmont Office Realty Trust stock?

PDM stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Russell Investments Group Ltd., Presima Inc., Swiss National Bank, Meritage Portfolio Management, Chartwell Investment Partners LLC, Great Lakes Advisors LLC, and Fortem Financial Group LLC. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Dale H Taysom, Glenn Gary Cohen, and Jeffrey L Swope.
View insider buying and selling activity for Piedmont Office Realty Trust
.

How do I buy shares of Piedmont Office Realty Trust?

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

What is Piedmont Office Realty Trust's stock price today?

One share of PDM stock can currently be purchased for approximately $16.71.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.11 billion and generates $533.18 million in revenue each year. The real estate investment trust earns $229.26 million in net income (profit) each year or $1.79 on an earnings per share basis. Piedmont Office Realty Trust employs 134 workers across the globe.

What is Piedmont Office Realty Trust's official website?

The official website for Piedmont Office Realty Trust is www.piedmontreit.com.

How can I contact Piedmont Office Realty Trust?

Piedmont Office Realty Trust's mailing address is 5565 GLENRIDGE CONNECTOR STE 450, ATLANTA GA, 30342. The real estate investment trust can be reached via phone at 770-418-8800 or via email at [email protected]

This page was last updated on 8/8/2020 by MarketBeat.com Staff

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