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

Piedmont Office Realty Trust's stock was trading at $9.17 at the beginning of the year. Since then, PDM shares have decreased by 26.7% and is now trading at $6.72.
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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) released its earnings results on Monday, October, 30th. The real estate investment trust reported ($0.14) earnings per share (EPS) 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%.

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 dividend yield of 7.44%. The ex-dividend date of this dividend 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 7.53%. 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 31.85% 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 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.
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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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