Piedmont Office Realty Trust (PDM) Stock Forecast, Price & News

2 Wall Street equities 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 and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PDM shares.
View PDM analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 12-month price objectives for Piedmont Office Realty Trust's stock. Their PDM share price forecasts range from $14.00 to $17.00. On average, they anticipate the company's stock price to reach $15.50 in the next twelve months. This suggests a possible upside of 131.7% from the stock's current price.
View analysts price targets for PDM or view top-rated stocks among Wall Street analysts.

Piedmont Office Realty Trust's stock was trading at $9.17 at the beginning of 2023. Since then, PDM stock has decreased by 27.0% and is now trading at $6.69.
View the best growth stocks for 2023 here.

Piedmont Office Realty Trust saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,730,000 shares, a decrease of 14.3% from the April 30th total of 4,350,000 shares. Based on an average daily volume of 1,540,000 shares, the short-interest ratio is currently 2.4 days. Approximately 3.1% of the shares of the stock are short sold.
View Piedmont Office Realty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our PDM earnings forecast.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its earnings results on Wednesday, October, 27th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The real estate investment trust earned $131.10 million during the quarter, compared to analysts' expectations of $130.87 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 4.70% and a net margin of 15.00%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS.

Piedmont Office Realty Trust declared a quarterly dividend on Monday, May 1st. Investors of record on Friday, May 26th will be paid a dividend of $0.21 per share on Friday, June 16th. This represents a $0.84 dividend on an annualized basis and a yield of 12.56%. The ex-dividend date of this dividend is Thursday, May 25th.
Read our dividend analysis for PDM.

ETFs with the largest weight of Piedmont Office Realty Trust (NYSE:PDM) stock in their portfolio include First Trust Multi-Asset Diversified Income Index Fund (MDIV), Hoya Capital High Dividend Yield ETF (RIET), Arrow Dow Jones Global Yield ETF (GYLD), First Trust Small Cap Value AlphaDEX Fund (FYT), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Invesco MSCI Green Building ETF (GBLD), Global X Green Building ETF (GRNR) and First Trust Active Factor Small Cap ETF (AFSM).

Piedmont Office Realty Trust (NYSE:PDM) pays an annual dividend of $0.84 per share and currently has a dividend yield of 12.98%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 121.74%. 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 46.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDM.

Piedmont Office Realty Trust updated its FY23 earnings guidance on Monday, May, 1st. The company provided EPS guidance of $1.80-$1.90 for the period, compared to the consensus EPS estimate of $1.84.

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).

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

Piedmont Office Realty Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.08%), State Street Corp (5.04%), LSV Asset Management (3.45%), Private Management Group Inc. (2.71%), Charles Schwab Investment Management Inc. (2.50%) and Geode Capital Management LLC (2.16%). 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.
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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.
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One share of PDM stock can currently be purchased for approximately $6.69.

Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $827.15 million and generates $563.77 million in revenue each year. The real estate investment trust earns $146.83 million in net income (profit) each year or $0.69 on an earnings per share basis.

The company employs 134 workers across the globe.

Piedmont Office Realty Trust's mailing address is 5565 GLENRIDGE CONNECTOR STE 450, ATLANTA GA, 30342. The official website for the company is www.piedmontreit.com. The real estate investment trust can be reached via phone at (770) 418-8800, via email at investor.services@piedmontreit.com, or via fax at 770-418-8900.