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S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Wall Street inches higher toward edge of bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Wall Street inches higher toward edge of bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Wall Street inches higher toward edge of bull market
NYSE:PDM

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

$6.69
+0.36 (+5.69%)
(As of 06/6/2023 ET)
Compare
Today's Range
$6.32
$6.72
50-Day Range
$6.10
$7.30
52-Week Range
$5.99
$14.60
Volume
1.47 million shs
Average Volume
1.38 million shs
Market Capitalization
$827.15 million
P/E Ratio
9.70
Dividend Yield
12.56%
Price Target
$15.50

Piedmont Office Realty Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
131.7% Upside
$15.50 Price Target
Short Interest
Healthy
3.06% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.25mentions of Piedmont Office Realty Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$36,418 Bought Last Quarter
Proj. Earnings Growth
-2.72%
From $1.84 to $1.79 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.03 out of 5 stars

Finance Sector

85th out of 859 stocks

Nonresidential Building Operators Industry

1st out of 4 stocks


PDM stock logo

About Piedmont Office Realty Trust (NYSE:PDM) Stock

Piedmont Office Realty Trust, Inc. engages in the ownership, management, development, redevelopment, and operation of office properties. It operates through the following geographical segments: Atlanta, Dallas, Washington, D.C./Northern Virginia, Boston, Orlando, Minneapolis, and New York. The company was founded on July 3, 1997 and is headquartered in Atlanta, GA.

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PDM Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
PDM - Piedmont Office Realty Trust, Inc.
8-K: Piedmont Office Realty Trust, Inc.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
See More Headlines

PDM Price History

PDM Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 3/17 Dividend
2/23/2023
Dividend Payable
3/17/2023
Ex-Dividend for 6/16 Dividend
5/25/2023
Today
6/06/2023
Dividend Payable
6/16/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Nonresidential building operators
Sub-Industry
Office REITs
Sector
Finance
CUSIP
72019020
Employees
134
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.50
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+131.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$146.83 million
Pretax Margin
15.00%

Debt

Sales & Book Value

Annual Sales
$563.77 million
Cash Flow
$3.07 per share
Book Value
$14.99 per share

Miscellaneous

Free Float
122,196,000
Market Cap
$827.15 million
Optionable
Optionable
Beta
0.98

Social Links


Key Executives

  • C. Brent Smith
    President, Chief Executive Officer & Director
  • George M. WellsGeorge M. Wells
    Chief Operating Officer & Executive Vice President
  • Robert E. BowersRobert E. Bowers
    Chief Financial & Administrative Officer, EVP
  • Laura P. Moon
    Chief Accounting Officer & Senior Vice President
  • Christopher A. Kollme
    Executive Vice President-Investments & Strategy













PDM Stock - Frequently Asked Questions

Should I buy or sell Piedmont Office Realty Trust stock right now?

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.

What is Piedmont Office Realty Trust's stock price forecast for 2023?

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.

How have PDM shares performed in 2023?

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
.

Are investors shorting Piedmont Office Realty Trust?

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
.

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

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

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

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.

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 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
.

Is Piedmont Office Realty Trust a good dividend stock?

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.

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

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.

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 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).

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 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.
View institutional ownership trends
.

How do I buy shares of Piedmont Office Realty Trust?

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.
Compare Top Brokerages Here.

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

One share of PDM stock can currently be purchased for approximately $6.69.

How much money does Piedmont Office Realty Trust make?

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.

How many employees does Piedmont Office Realty Trust have?

The company employs 134 workers across the globe.

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 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.

This page (NYSE:PDM) was last updated on 6/7/2023 by MarketBeat.com Staff

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