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S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
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[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
These are the top sectors for blue chip growth in 2024
MercadoLibre up 28% as Latin American ecommerce poised for growth
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
J&J, Gilead, BMS: A look at undervalued dividend payers
The 4 highest-shorted large-cap stocks
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The JD.com train is getting ready to leave the station again
3 stocking stuffers you can buy for yourself
S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
How to trade penny stocks: A step-by-step guide
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
These are the top sectors for blue chip growth in 2024
MercadoLibre up 28% as Latin American ecommerce poised for growth
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
J&J, Gilead, BMS: A look at undervalued dividend payers
The 4 highest-shorted large-cap stocks
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The JD.com train is getting ready to leave the station again
3 stocking stuffers you can buy for yourself
S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
How to trade penny stocks: A step-by-step guide
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
These are the top sectors for blue chip growth in 2024
MercadoLibre up 28% as Latin American ecommerce poised for growth
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
J&J, Gilead, BMS: A look at undervalued dividend payers
The 4 highest-shorted large-cap stocks
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The JD.com train is getting ready to leave the station again
3 stocking stuffers you can buy for yourself

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

$6.24
+0.11 (+1.79%)
(As of 11/29/2023 ET)
Compare
Today's Range
$6.21
$6.50
50-Day Range
$5.07
$6.32
52-Week Range
$4.91
$11.37
Volume
700,493 shs
Average Volume
1.35 million shs
Market Capitalization
$771.95 million
P/E Ratio
14.18
Dividend Yield
8.01%
Price Target
$14.00

Piedmont Office Realty Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
124.4% Upside
$14.00 Price Target
Short Interest
Healthy
3.19% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-8.05%
From $1.74 to $1.60 Per Share

Overall MarketRank

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

2.21 out of 5 stars

Finance Sector

451st out of 836 stocks

Nonresidential Building Operators Industry

2nd out of 4 stocks


PDM stock logo

About Piedmont Office Realty Trust Stock (NYSE:PDM)

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. Its approximately $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 markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). Piedmont is a 2023 ENERGY STAR Partner of the Year.

PDM Stock Price History

PDM Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Q3 2023 Piedmont Office Realty Trust Inc Earnings Call
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Bear of the Day: Piedmont Office Realty Trust (PDM)
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/24/2023
Dividend Payable
9/15/2023
Last Earnings
10/30/2023
Ex-Dividend for 1/2 Dividend
11/22/2023
Today
11/30/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/02/2024
Next Earnings (Estimated)
2/14/2024

Industry, Sector and Symbol

Industry
Nonresidential building operators
Sub-Industry
Office REITs
Sector
Finance
CUSIP
72019020
Employees
149
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.00
High Stock Price Target
$14.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+124.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$146.83 million
Pretax Margin
9.53%

Debt

Sales & Book Value

Annual Sales
$563.77 million
Cash Flow
$3.12 per share
Book Value
$14.28 per share

Miscellaneous

Free Float
122,266,000
Market Cap
$771.95 million
Optionable
Optionable
Beta
1.09

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PDM Stock Analysis - Frequently Asked Questions

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

1 Wall Street 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 for the stock. The consensus among Wall Street research analysts is that investors should "hold" PDM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PDM, but not buy additional shares or sell existing shares.
View PDM analyst ratings
or view top-rated stocks.

What is Piedmont Office Realty Trust's stock price target for 2024?

1 brokers have issued 1-year price objectives for Piedmont Office Realty Trust's stock. Their PDM share price targets range from $14.00 to $14.00. On average, they expect the company's share price to reach $14.00 in the next twelve months. This suggests a possible upside of 124.4% 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 shares have decreased by 32.0% and is now trading at $6.24.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our PDM earnings forecast
.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its quarterly earnings data on Monday, October, 30th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by $0.57. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 3.05% and a net margin of 9.53%.

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, October 25th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.125 per share on Tuesday, January 2nd. This represents a $0.50 annualized dividend and a yield of 8.01%. The ex-dividend date is Wednesday, November 22nd.
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 $0.50 per share and currently has a dividend yield of 8.43%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 113.64%. 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 31.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDM.

What ETFs hold Piedmont Office Realty Trust's stock?

ETFs with the largest weight of Piedmont Office Realty Trust (NYSE:PDM) stock in their portfolio include ALPS REIT Dividend Dogs ETF (RDOG) and GraniteShares HIPS US High Income ETF (HIPS).Hoya Capital High Dividend Yield ETF (RIET).

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).

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include LSV Asset Management (3.68%), Private Management Group Inc. (3.61%), Charles Schwab Investment Management Inc. (2.59%), Fuller & Thaler Asset Management Inc. (2.28%), Wilsey Asset Management Inc. (1.47%) and Glenmede Trust Co. NA (1.37%). 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.

This page (NYSE:PDM) was last updated on 11/30/2023 by MarketBeat.com Staff

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