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

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$18.71 -0.02 (-0.11 %)
(As of 12/9/2018 04:00 PM ET)
Previous Close$18.71
Today's Range$18.59 - $18.86
52-Week Range$16.69 - $20.57
Volume1.14 million shs
Average Volume876,505 shs
Market Capitalization$2.40 billion
P/E Ratio10.69
Dividend Yield4.49%
Beta0.64
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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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNYSE:PDM
Previous Symbol
CUSIP72019020
Phone770-418-8800

Debt

Debt-to-Equity Ratio0.99
Current Ratio1.75
Quick Ratio1.75

Price-To-Earnings

Trailing P/E Ratio10.69
Forward P/E Ratio10.94
P/E Growth1.37

Sales & Book Value

Annual Sales$574.17 million
Price / Sales4.18
Cash Flow$2.2734 per share
Price / Cash Flow8.23
Book Value$13.76 per share
Price / Book1.36

Profitability

EPS (Most Recent Fiscal Year)$1.75
Net Income$133.56 million
Net Margins10.13%
Return on Equity2.95%
Return on Assets1.44%

Miscellaneous

Employees136
Outstanding Shares128,370,000
Market Cap$2.40 billion
OptionableOptionable

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

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."

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 Thursday, November 1st. Investors of record on Friday, November 30th will be paid a dividend of $0.21 per share on Thursday, January 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 29th. View Piedmont Office Realty Trust's Dividend History.

How will Piedmont Office Realty Trust's stock buyback program work?

Piedmont Office Realty Trust declared that its Board of Directors has authorized a stock buyback plan on Sunday, June 4th 2017, which allows the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its quarterly earnings results on Tuesday, October, 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping the Zacks' consensus estimate of $0.09 by $0.04. The real estate investment trust earned $129.71 million during the quarter, compared to the consensus estimate of $127.24 million. Piedmont Office Realty Trust had a return on equity of 2.95% and a net margin of 10.13%. During the same quarter in the prior year, the firm earned $0.42 EPS. View Piedmont Office Realty Trust's Earnings History.

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

Piedmont Office Realty Trust is scheduled to release their next quarterly earnings announcement on Wednesday, February 6th 2019. View Earnings Estimates for Piedmont Office Realty Trust.

What guidance has Piedmont Office Realty Trust issued on next quarter's earnings?

Piedmont Office Realty Trust updated its FY18 earnings guidance on Tuesday, October, 30th. The company provided earnings per share guidance of $1.70-1.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.71.

What price target have analysts set for PDM?

4 analysts have issued 12 month target prices for Piedmont Office Realty Trust's stock. Their predictions range from $20.00 to $23.00. On average, they anticipate Piedmont Office Realty Trust's share price to reach $21.6667 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price. View Analyst Price Targets for Piedmont Office Realty Trust.

What is the consensus analysts' recommendation for Piedmont Office Realty Trust?

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

Has Piedmont Office Realty Trust been receiving favorable news coverage?

News headlines about PDM stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm 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 negative five to five, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a media sentiment score of 1.9 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an effect on the stock's share price in the next few days.

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

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the folowing people:
  • Mr. Donald A. Miller CFA, Pres, CEO & Director (Age 55)
  • Mr. Robert E. Bowers, Exec. VP & CFO (Age 61)
  • Mr. Christopher Brent Smith, Chief Investment Officer & Exec. VP of Northeast Region (Age 42)
  • Mr. Carroll A. Reddic IV, Exec. VP of Real Estate Operations (Age 52)
  • Mr. Robert K. Wiberg, Head of Devel. & Exec. VP of Mid-Atlantic Region (Age 62)

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.86%), BlackRock Inc. (10.34%), LSV Asset Management (5.64%), FMR LLC (4.17%), American Century Companies Inc. (3.91%) and Morgan Stanley (2.42%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, Dale H Taysom, Jeffrey L Swope, Kelly Hefner Barrett, Laura P Moon and Wesley E Cantrell. 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 Deutsche Bank AG, Vanguard Group Inc., Martingale Asset Management L P, FMR LLC, First Trust Advisors LP, Prudential Financial Inc., Virginia Retirement Systems ET AL and Marshall Wace North America L.P.. View Insider Buying and Selling for Piedmont Office Realty Trust.

Which major investors are buying Piedmont Office Realty Trust stock?

PDM stock was acquired by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., JPMorgan Chase & Co., JPMorgan Chase & Co., Matarin Capital Management LLC, Renaissance Technologies LLC, Russell Investments Group Ltd., Mesirow Financial Investment Management Equity Management and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Christopher Brent Smith, Dale H Taysom, Jeffrey L Swope and Kelly Hefner Barrett. View Insider Buying and Selling 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, Scottrade, 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 $18.71.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.40 billion and generates $574.17 million in revenue each year. The real estate investment trust earns $133.56 million in net income (profit) each year or $1.75 on an earnings per share basis. Piedmont Office Realty Trust employs 136 workers across the globe.

What is Piedmont Office Realty Trust's official website?

The official website for Piedmont Office Realty Trust is http://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]


MarketBeat Community Rating for Piedmont Office Realty Trust (NYSE PDM)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  247 (Vote Outperform)
Underperform Votes:  408 (Vote Underperform)
Total Votes:  655
MarketBeat's community ratings are surveys of what our community members think about Piedmont Office Realty Trust and other stocks. Vote "Outperform" if you believe PDM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PDM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/9/2018 by MarketBeat.com Staff

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