Piedmont Office Realty Trust Company Profile (NYSE:PDM)

About Piedmont Office Realty Trust

Piedmont Office Realty Trust logoPiedmont Office Realty Trust, Inc. (Piedmont) is an integrated self-managed real estate investment trust specializing in the acquisition, ownership, management, development and disposition of primarily Class A office buildings located in the United States office markets. The Company operates through its real estate assets segment. It conducts business through Piedmont Operating Partnership, L.P. (Piedmont OP), as well as performs the management of its buildings through its subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. Piedmont is the sole general partner of, Piedmont OP and as such, possesses legal control and authority over the operations of Piedmont OP. Piedmont owns 99.9% of Piedmont OP. The rest 0.1% ownership interest of Piedmont OP is held indirectly by Piedmont through its subsidiary, Piedmont Office Holdings, Inc. Piedmont OP owns properties directly, through subsidiaries, and through both consolidated and unconsolidated joint ventures.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Office
  • Sub-Industry: Office REITs
  • Exchange: NYSE
  • Symbol: PDM
  • CUSIP: 72019020
Key Metrics:
  • Previous Close: $21.30
  • 50 Day Moving Average: $21.51
  • 200 Day Moving Average: $20.29
  • Trailing P/E Ratio: 14.56
  • Foreward P/E Ratio: 12.60
  • P/E Growth: 2.89
  • Market Cap: $3.09B
  • Outstanding Shares: 145,229,000
  • Beta: 0.72
Additional Links:
Companies Related to Piedmont Office Realty Trust:

Analyst Ratings

Consensus Ratings for Piedmont Office Realty Trust (NYSE:PDM) (?)
Ratings Breakdown: 1 Sell Rating, 5 Hold Ratings
Consensus Rating:Hold (Score: 1.83)
Consensus Price Target: $20.33 (4.54% downside)

Analysts' Ratings History for Piedmont Office Realty Trust (NYSE:PDM)
Show:
DateFirmActionRatingPrice TargetDetails
8/8/2016DA DavidsonBoost Price TargetNeutral$22.00 -> $23.00View Rating Details
5/10/2016Stifel NicolausBoost Price TargetSell$16.50 -> $18.00View Rating Details
2/10/2016Oppenheimer Holdings Inc.Reiterated RatingMarket PerformView Rating Details
2/10/2016JPMorgan Chase & Co.Lower Price TargetNeutral$21.00 -> $20.00View Rating Details
1/7/2016Robert W. BairdDowngradeOutperform -> Neutral$21.00View Rating Details
10/16/2015Morgan StanleyBoost Price Target$18.00 -> $19.00View Rating Details
9/3/2015SunTrust Banks Inc.Reiterated RatingNeutral$20.00 -> $21.00View Rating Details
5/13/2015Wells Fargo & Co.UpgradeUnderperform -> Market PerformView Rating Details
(Data available from 8/28/2014 forward)

Earnings

Earnings History for Piedmont Office Realty Trust (NYSE:PDM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2016        
8/3/2016Q2$0.40$0.40$138.87 million$135.30 millionViewListenView Earnings Details
5/3/2016Q1$0.40$0.41$139.25 million$138.00 millionViewListenView Earnings Details
2/4/2016Q4$0.41$0.41$147.99 million$139.50 millionViewListenView Earnings Details
11/9/2015Q3$0.41$0.41$148.18 million$148.80 millionViewListenView Earnings Details
7/29/2015Q215$0.39$0.39$149.09 million$146.70 millionViewListenView Earnings Details
4/29/2015Q1$0.39$0.39$147.96 million$149.80 millionViewListenView Earnings Details
2/6/2015Q4$0.38$0.39$144.63 million$146.70 millionViewListenView Earnings Details
10/30/2014Q314$0.38$0.38$142.60 million$144.64 millionViewListenView Earnings Details
7/31/2014Q2$0.36$0.37$136.89 millionViewListenView Earnings Details
4/30/2014Q413$0.35$0.37$108.71 million$136.30 millionViewListenView Earnings Details
2/7/2014Q4$0.37$0.37$138.84 million$142.90 millionViewListenView Earnings Details
11/1/2013Q313$0.35$0.37$109.42 million$145.10 millionViewListenView Earnings Details
8/2/2013$0.34$0.35$132.30 million$134.80 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Piedmont Office Realty Trust (NYSE:PDM)
Current Year EPS Consensus Estimate: $1.63 EPS
Next Year EPS Consensus Estimate: $1.69 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.40$0.40$0.40
Q2 20163$0.39$0.40$0.39
Q3 20162$0.41$0.41$0.41
Q4 20163$0.41$0.41$0.41
Q1 20172$0.42$0.42$0.42
Q2 20173$0.42$0.43$0.42
Q3 20173$0.41$0.43$0.42
Q4 20172$0.43$0.44$0.44
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Piedmont Office Realty Trust (NYSE:PDM)
Annual Dividend:$0.84
Dividend Yield:3.94%
Payout Ratio:57.93% (Based on Trailing 12 Months of Earnings)
51.53% (Based on Current Year Consensus EPS Estimate)
49.70% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:1.60% (3 Year Average)

Dividend History for Piedmont Office Realty Trust (NYSE:PDM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/8/2016Quarterly$0.218/24/20168/26/20169/16/2016
5/3/2016Quarterly$0.215/25/20165/27/20166/17/2016
2/5/2016Quarterly$0.212/24/20162/26/20163/18/2016
11/10/2015Quarterly$0.2111/24/201511/27/201512/18/2015
7/29/2015$0.218/26/20158/28/20159/18/2015
4/30/2015quarterly$0.214.81%5/27/20155/29/20156/19/2015
2/6/2015quarterly$0.214.53%2/25/20152/27/20153/20/2015
10/30/2014quarterly$0.214.35%11/25/201411/28/201412/19/2014
7/31/2014quarterly$0.204.11%8/27/20148/29/20149/19/2014
5/1/2014quarterly$0.204.4%5/28/20145/30/20146/20/2014
2/10/2014quarterly$0.204.92%2/26/20142/28/20143/21/2014
11/1/2013quarterly$0.204.4%11/26/201311/29/201312/20/2013
8/6/2013quarterly$0.204.49%8/28/20138/30/20139/20/2013
5/6/2013quarterly$0.203.84%5/29/20135/31/20136/21/2013
3/5/2013quarterly$0.204.01%3/7/20133/11/20133/22/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Piedmont Office Realty Trust (NYSE:PDM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/10/2015Laura P MoonCAOSell11,000$18.75$206,250.00View SEC Filing  
9/1/2015Donald A MillerCEOBuy7,500$16.72$125,400.00View SEC Filing  
8/25/2015Jeffrey L SwopeDirectorBuy5,800$17.25$100,050.00View SEC Filing  
8/24/2015Frank C McdowellDirectorBuy10,000$17.50$175,000.00View SEC Filing  
5/6/2015Raymond Lee OwensEVPBuy1,425$17.46$24,880.50View SEC Filing  
5/4/2015Daniel TiberioDirectorBuy20,000$0.30$5,900.00
4/29/2015Daniel TiberioDirectorBuy8,500$0.28$2,380.00
4/24/2015Daniel TiberioDirectorBuy10,000$0.29$2,850.00
4/13/2015Bruce James MurrayInsiderBuy15,000$0.31$4,650.00
4/2/2015Bruce James MurrayInsiderBuy30,000$0.33$9,900.00
2/12/2015William H Keogler JrDirectorSell1,500$18.93$28,395.00View SEC Filing  
2/11/2015Jeffrey L SwopeDirectorBuy5,400$18.58$100,332.00View SEC Filing  
11/25/2014Jeffrey L SwopeDirectorBuy5,750$18.75$107,812.50View SEC Filing  
11/18/2014Jeffrey L SwopeDirectorBuy5,250$19.17$100,642.50View SEC Filing  
11/20/2012W Wayne WoodyDirectorBuy6,250$17.42$108,875.00View SEC Filing  
11/8/2012Donald S MossDirectorBuy5,000$17.78$88,900.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Piedmont Office Realty Trust (NYSE:PDM)
DateHeadline
capitalcube.com logoETF’s with exposure to Piedmont Office Realty Trust, Inc. : August 18, 2016 (NYSE:PDM)
www.capitalcube.com - August 18 at 6:57 PM
capitalcube.com logoPiedmont Office Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : PDM-US : August 17, 2016 (NYSE:PDM)
www.capitalcube.com - August 17 at 9:48 AM
finance.yahoo.com logoPIEDMONT OFFICE REALTY TRUST, INC. Financials (NYSE:PDM)
finance.yahoo.com - August 11 at 7:16 PM
capitalcube.com logoPiedmont Office Realty Trust, Inc. :PDM-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 (NYSE:PDM)
www.capitalcube.com - August 10 at 7:13 PM
feeds.reuters.com logoBRIEF-Piedmont Operating Partnership files for potential debt shelf - SEC filing (NYSE:PDM)
feeds.reuters.com - August 8 at 7:04 PM
biz.yahoo.com logoPIEDMONT OFFICE REALTY TRUST, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:PDM)
biz.yahoo.com - August 8 at 6:58 PM
finance.yahoo.com logoEdited Transcript of PDM earnings conference call or presentation 4-Aug-16 2:00pm GMT (NYSE:PDM)
finance.yahoo.com - August 5 at 9:49 AM
reuters.com logoBRIEF-Piedmont Office Realty Trust Q2 adjusted FFO per share $0.34 (NYSE:PDM)
www.reuters.com - August 4 at 9:55 AM
cnbc.com logoPiedmont Office reports 2Q results (NYSE:PDM)
www.cnbc.com - August 4 at 9:55 AM
publicnow.com logoPiedmont Office Realty Trust Reports Second Quarter 2016 Results (NYSE:PDM)
www.publicnow.com - August 3 at 7:06 PM
bizjournals.com logoTwo downtown Orlando office towers sell in $167.8M deal (NYSE:PDM)
www.bizjournals.com - August 3 at 10:01 AM
biz.yahoo.com logoPiedmont Office Realty Trust Inc Earnings Call (Q2 2016) (NYSE:PDM)
biz.yahoo.com - August 3 at 10:01 AM
biz.yahoo.com logoQ2 2016 Piedmont Office Realty Trust Inc Earnings Release - After Market Close (NYSE:PDM)
biz.yahoo.com - August 3 at 10:01 AM
4-traders.com logoPIEDMONT OFFICE REALTY : TO REPORT SECOND QUARTER 2016 FINANCIAL RESULTS (NYSE:PDM)
www.4-traders.com - July 19 at 6:53 PM
finance.yahoo.com logoPIEDMONT OFFICE REALTY TRUST TO REPORT SECOND QUARTER 2016 FINANCIAL RESULTS (NYSE:PDM)
finance.yahoo.com - July 19 at 6:19 PM
nasdaq.com logoPiedmont Office Realty Trust Announces Second Quarter Leasing and Capital Markets Activity (NYSE:PDM)
www.nasdaq.com - July 18 at 12:13 PM
News IconBiz Buzz: Demandware to expand Burlington offices (NYSE:PDM)
burlington.wickedlocal.com - June 22 at 11:30 AM
capitalcube.com logoETF’s with exposure to Piedmont Office Realty Trust, Inc. : June 20, 2016 (NYSE:PDM)
www.capitalcube.com - June 20 at 3:02 PM
News IconBroker Changes For Community Healthcare Trust Incorporated (NYSE:CHCT) (NYSE:PDM)
newsinfilm.com - June 16 at 6:59 PM
News IconFederal Realty Investment Trust (NYSE:FRT) Wall Street Street Rating Watch (NYSE:PDM)
blognotizie.info - June 7 at 9:31 AM
publicnow.com logoPDM to Participate in NAREIT REITWeek (NYSE:PDM)
www.publicnow.com - June 6 at 8:18 AM
News IconHistory of Physicians Realty Trust (NYSE:DOC) stock price after earnings (NYSE:PDM)
footballreportersonline.com - June 4 at 6:49 PM
capitalcube.com logoPiedmont Office Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : PDM-US : June 2, 2016 (NYSE:PDM)
www.capitalcube.com - June 2 at 8:04 AM
News IconEarnings Review and Stock Rundown for Piedmont Office Realty Trust, Inc. (NYSE:PDM) - Wall Street Hints and News (NYSE:PDM)
hintsnewsnetwork.com - May 24 at 3:03 PM
nasdaq.com logoPiedmont Office Realty Trust, Inc. (PDM) Ex-Dividend Date Scheduled for May 25, 2016 - Nasdaq (NYSE:PDM)
www.nasdaq.com - May 24 at 3:03 PM
News IconHow Analysts Rated Piedmont Office Realty Trust, Inc. (NYSE:PDM) Last Week? - Wall Street Hints and News (NYSE:PDM)
hintsnewsnetwork.com - May 21 at 2:23 PM
tradecalls.org logoDA Davidson Maintains Piedmont Office Realty Trust to Neutral with Price Target $22.00 - Trade Calls (NYSE:PDM)
www.tradecalls.org - May 20 at 2:47 PM
News IconWhich way Piedmont Office Realty Trust Inc. (NYSE:PDM) earnings may go (NYSE:PDM)
streetregister.com - May 20 at 2:47 PM
capitalcube.com logoPiedmont Office Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : PDM-US : May 19, 2016 (NYSE:PDM)
www.capitalcube.com - May 19 at 8:32 AM
biz.yahoo.com logoPIEDMONT OFFICE REALTY TRUST, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NYSE:PDM)
biz.yahoo.com - May 12 at 5:25 PM
capitalcube.com logoPiedmont Office Realty Trust, Inc. :PDM-US: Earnings Analysis: Q1, 2016 By the Numbers (NYSE:PDM)
www.capitalcube.com - May 6 at 10:49 AM
equities.com logoPiedmont Office Realty Trust Inc (PDM) is Trading Lower on Unusual Volume for May 03 - Equities.com (NYSE:PDM)
www.equities.com - May 6 at 8:56 AM
seekingalpha.com logoPiedmont Office Realty Trust's (PDM) CEO Donald Miller on Q1 2016 Results - Earnings Call Transcript (NYSE:PDM)
seekingalpha.com - May 4 at 7:34 AM
News IconEarnings Analysis to Watch: Piedmont Office Realty Trust Inc. (PDM) (NYSE:PDM)
bsccomment.com - May 4 at 7:34 AM
finance.yahoo.com logoEdited Transcript of PDM earnings conference call or presentation 3-May-16 2:00pm GMT (NYSE:PDM)
finance.yahoo.com - May 3 at 11:06 AM
News IconAnalysts See Decrease of Piedmont Office Realty Trust, Inc. (PDM) EPS (NYSE:PDM)
thevillagessuntimes.com - May 3 at 8:24 AM
sg.finance.yahoo.com logoPiedmont Office reports 1Q results (NYSE:PDM)
sg.finance.yahoo.com - May 2 at 6:45 PM
publicnow.com logoPiedmont Office Realty Trust Reports First Quarter 2016 Results (NYSE:PDM)
www.publicnow.com - May 2 at 5:20 PM
biz.yahoo.com logoPIEDMONT OFFICE REALTY TRUST, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial State (NYSE:PDM)
biz.yahoo.com - May 2 at 5:13 PM
biz.yahoo.com logoPIEDMONT OFFICE REALTY TRUST, INC. Files SEC form 10-Q, Quarterly Report (NYSE:PDM)
biz.yahoo.com - May 2 at 5:10 PM
finance.yahoo.com logo5:10 pm Piedmont Office Realty Trust beats by $0.01, reports revs in-line (NYSE:PDM)
finance.yahoo.com - May 2 at 5:10 PM
biz.yahoo.com logoQ1 2016 Piedmont Office Realty Trust Inc Earnings Release - After Market Close (NYSE:PDM)
biz.yahoo.com - May 2 at 7:07 AM
News IconCurrent Price Targets For Piedmont Office Realty Trust, Inc. (NYSE:PDM) - Risers & Fallers (NYSE:PDM)
www.risersandfallers.com - April 28 at 8:54 AM
News IconNext Weeks Broker Price Targets For Piedmont Office Realty Trust, Inc. (NYSE:PDM) - Share Trading News (NYSE:PDM)
www.sharetrading.news - April 25 at 9:34 AM
News IconPiedmont Office Realty Trust, Inc. (NYSE:PDM) Share Rating Recap - The Post (NYSE:PDM)
www.bibeypost.com - April 22 at 9:53 AM
seekingalpha.com logoREIT Focus: Piedmont Office Realty Trust, Inc. - Seeking Alpha (NYSE:PDM)
seekingalpha.com - April 20 at 10:19 AM
publicnow.com logoPiedmont Office Realty Trust Announces 2016 First Quarter Leasing Results (NYSE:PDM)
www.publicnow.com - April 19 at 5:22 PM
seekingalpha.com logoREIT Focus: Piedmont Office Realty Trust, Inc. (NYSE:PDM)
seekingalpha.com - April 19 at 10:17 AM
clintongazette.com logoPiedmont Office Realty Trust, Inc. (NYSE:PDM) Analyst Rating Review - Clinton Financial (NYSE:PDM)
www.clintongazette.com - April 18 at 9:58 AM
News IconPiedmont Office Realty Trust, Inc. (NYSE:PDM): Earnings in Focus - News Tribune (NYSE:PDM)
www.greenvilletribune.com - April 15 at 12:51 PM

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Piedmont Office Realty Trust (NYSE:PDM) Chart for Sunday, August, 28, 2016


Last Updated on 8/28/2016 by MarketBeat.com Staff