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

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.

1 brokers have issued 12-month price targets 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 year. This suggests a possible upside of 135.9% 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 35.3% and is now trading at $5.9350.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our PDM earnings forecast.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its earnings results on Monday, October, 30th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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%.

Piedmont Office Realty Trust declared a quarterly dividend on Wednesday, October 25th. Shareholders of record on Friday, November 24th will be given a dividend of $0.125 per share on Tuesday, January 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date is Wednesday, November 22nd.
Read our dividend analysis for PDM.

Piedmont Office Realty Trust (NYSE:PDM) pays an annual dividend of $0.50 per share and currently has a dividend yield of 8.32%. 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.

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).

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's stock is owned by a variety of retail and institutional 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.
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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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