NYSE:PDM - Piedmont Office Realty Trust Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $17.96 +0.13 (+0.73 %) (As of 10/16/2018 05:37 AM ET)Previous Close$17.83Today's Range$17.80 - $18.1552-Week Range$16.69 - $20.57Volume854,800 shsAverage Volume1.19 million shsMarket Capitalization$2.43 billionP/E Ratio10.19Dividend Yield4.68%Beta0.6 Company ProfileDiscussionAnalyst RatingsChartDividend HistoryEarnings HistoryFinancialsInsider TradesHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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). Receive PDM News and Ratings via Email Sign-up to receive the latest news and ratings for PDM and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NYSE Industry Nonresidential building operators Sub-IndustryOffice REITs SectorFinance SymbolNYSE:PDM CUSIP72019020 Webwww.piedmontreit.com Phone770-418-8800 Debt Debt-to-Equity Ratio0.99 Current Ratio2.07 Quick Ratio2.07 Price-To-Earnings Trailing P/E Ratio10.19 Forward P/E Ratio10.56 P/E Growth2.78 Sales & Book Value Annual Sales$574.17 million Price / Sales4.02 Cash Flow$2.1587 per share Price / Cash8.32 Book Value$13.76 per share Price / Book1.31 Profitability EPS (Most Recent Fiscal Year)$1.75 Net Income$133.56 million Net Margins30.50% Return on Equity2.81% Return on Assets1.41% Miscellaneous Employees136 Outstanding Shares128,370,000Market Cap$2.43 billion 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 Wednesday, August 1st. Shareholders of record on Friday, August 31st will be paid a dividend of $0.21 per share on Friday, September 21st. This represents a $0.84 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Thursday, August 30th. 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 has initiated 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 reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management 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 Wednesday, August, 1st. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.10 by $0.01. The real estate investment trust had revenue of $129.17 million for the quarter, compared to analyst estimates of $125.15 million. Piedmont Office Realty Trust had a return on equity of 2.81% and a net margin of 30.50%. During the same period last year, the firm posted $0.46 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, November 7th 2018. 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 FY18 earnings guidance on Wednesday, August, 1st. The company provided earnings per share guidance of $1.69-1.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.70. What price target have analysts set for PDM? 4 brokerages have issued 1-year price targets for Piedmont Office Realty Trust's shares. Their forecasts range from $20.00 to $23.00. On average, they expect Piedmont Office Realty Trust's stock price to reach $21.25 in the next twelve months. This suggests a possible upside of 18.3% 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, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Piedmont Office Realty Trust. Are investors shorting Piedmont Office Realty Trust? Piedmont Office Realty Trust saw a decline in short interest in September. As of September 14th, there was short interest totalling 5,119,413 shares, a decline of 26.9% from the August 31st total of 6,998,612 shares. Based on an average trading volume of 493,882 shares, the days-to-cover ratio is currently 10.4 days. Currently, 4.0% of the shares of the stock are short sold. View Piedmont Office Realty Trust's Current Options Chain. Who are some of Piedmont Office Realty Trust's key competitors? Some companies that are related to Piedmont Office Realty Trust include Forest City Realty Trust (FCE.A), Spirit Realty Capital (SRC), IRSA Propiedades Comerciales (IRCP), J.W. Mays (MAYS), Gyrodyne (GYRO), AmBase (ABCP) and Elbit Imaging (EMITF). 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 a variety of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.46%), State of Alaska Department of Revenue (0.03%) and Fox Run Management L.L.C. (0.01%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, 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 buying Piedmont Office Realty Trust stock? PDM stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, State of Alaska Department of Revenue and Fox Run Management L.L.C.. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Christopher Brent Smith, 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 $17.96. How big of a company is Piedmont Office Realty Trust? Piedmont Office Realty Trust has a market capitalization of $2.43 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 ()Outperform Votes: 240 (Vote Outperform)Underperform Votes: 397 (Vote Underperform)Total Votes: 637MarketBeat'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 10/16/2018 by MarketBeat.com StaffFeatured Article: How does inflation affect different investments?