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

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$20.79 +0.04 (+0.19 %)
(As of 02/21/2019 04:00 PM ET)
Previous Close$20.75
Today's Range$20.59 - $20.83
52-Week Range$16.43 - $20.91
Volume592,100 shs
Average Volume889,263 shs
Market Capitalization$2.67 billion
P/E Ratio12.02
Dividend Yield4.05%
Beta0.8
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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$525.97 million
Cash Flow$2.2672 per share
Book Value$13.76 per share

Profitability

Net Income$130.30 million

Miscellaneous

Employees136
Market Cap$2.67 billion
Next Earnings Date5/7/2019 (Estimated)
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 declared a quarterly dividend on Tuesday, February 5th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.21 per share on Friday, March 15th. This represents a $0.84 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Wednesday, February 27th. View Piedmont Office Realty Trust's Dividend History.

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

Piedmont Office Realty Trust announced that its Board of Directors has approved a stock repurchase plan on Sunday, June 4th 2017, which permits the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its stock is undervalued.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its earnings results on Tuesday, February, 5th. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.09. The real estate investment trust earned $137.20 million during the quarter, compared to analysts' expectations of $125.41 million. Piedmont Office Realty Trust had a net margin of 24.77% and a return on equity of 7.42%. The company's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last 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 Tuesday, May 7th 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 issued an update on its FY19 earnings guidance on Tuesday, February, 5th. The company provided earnings per share guidance of $1.74-$1.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.76.

What price target have analysts set for PDM?

4 brokerages have issued 12 month target prices for Piedmont Office Realty Trust's shares. Their predictions range from $20.00 to $23.00. On average, they expect Piedmont Office Realty Trust's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 1.0% 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 2 hold ratings and 2 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 articles about PDM stock have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a media sentiment score of 0.6 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days.

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

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 General Electric (GE), Brandywine Realty Trust (BDN), DDR (DDR), DuPont Fabros Technology (DFT), People's United Financial (PBCT), Huntington Bancshares (HBAN), Host Hotels and Resorts (HST), Brixmor Property Group (BRX), Vereit (VER) and Seagate Technology (STX).

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, CEO & Director (Age 56)
  • Mr. Christopher Brent Smith, Pres & Chief Investment Officer (Age 43)
  • Mr. Robert E. Bowers, Exec. VP & CFO (Age 62)
  • Mr. Carroll A. Reddic IV, Exec. VP of Real Estate Operations (Age 53)
  • Mr. Robert K. Wiberg, Head of Devel. & Exec. VP of Mid-Atlantic Region (Age 63)

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 shareholders include BlackRock Inc. (10.64%), LSV Asset Management (5.57%), Northern Trust Corp (2.29%), Dimensional Fund Advisors LP (1.80%), Geode Capital Management LLC (1.38%) and Bank of New York Mellon Corp (0.82%). 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 Nuveen Asset Management LLC, Barclays PLC, Bank of New York Mellon Corp, Northern Trust Corp, Dimensional Fund Advisors LP, Bank of America Corp DE, Bank of Montreal Can and Natixis Advisors 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 Prudential Financial Inc., Robeco Institutional Asset Management B.V., BlackRock Inc., Nordea Investment Management AB, MERIAN GLOBAL INVESTORS UK Ltd, Squarepoint Ops LLC, Boston Partners and Geode Capital Management LLC. 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 $20.79.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.67 billion and generates $525.97 million in revenue each year. The real estate investment trust earns $130.30 million in net income (profit) each year or $1.73 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:  251 (Vote Outperform)
Underperform Votes:  419 (Vote Underperform)
Total Votes:  670
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 2/21/2019 by MarketBeat.com Staff

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