NYSE:PDM - Piedmont Office Realty Trust Stock Price, Price Target & More

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$19.92 +0.31 (+1.58 %)
(As of 06/24/2018 02:50 PM ET)
Previous Close$19.92
Today's Range$19.60 - $20.06
52-Week Range$16.69 - $21.52
Volume13.13 million shs
Average Volume973,315 shs
Market Capitalization$2.51 billion
P/E Ratio11.38
Dividend Yield4.28%
Beta0.64
Piedmont Office Realty Trust logoPiedmont 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). For more information, see www.piedmontreit.com.

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Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
SymbolNYSE:PDM
CUSIP72019020
Phone770-418-8800

Debt

Debt-to-Equity Ratio0.94
Current Ratio2.28
Quick Ratio2.28

Price-To-Earnings

Trailing P/E Ratio11.38
Forward P/E Ratio11.72
P/E Growth2.89

Sales & Book Value

Annual Sales$574.17 million
Price / Sales4.45
Cash Flow$2.3109 per share
Price / Cash8.62
Book Value$13.76 per share
Price / Book1.45

Profitability

EPS (Most Recent Fiscal Year)$1.75
Net Income$133.56 million
Net Margins31.73%
Return on Equity3.33%
Return on Assets1.67%

Miscellaneous

Employees136
Outstanding Shares128,160,000

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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 declared a quarterly dividend on Tuesday, May 1st. Stockholders of record on Wednesday, May 23rd will be paid a dividend of $0.21 per share on Friday, June 15th. This represents a $0.84 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Tuesday, May 22nd. 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 of Directors has authorized a stock repurchase program on Sunday, June 4th 2017, which authorizes the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically an indication 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 quarterly earnings data on Tuesday, May, 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.41 by $0.02. The real estate investment trust earned $129.90 million during the quarter, compared to analyst estimates of $131.38 million. Piedmont Office Realty Trust had a net margin of 31.73% and a return on equity of 3.33%. The business's quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 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 Tuesday, July, 31st 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 updated its FY18 earnings guidance on Tuesday, May, 1st. The company provided earnings per share guidance of $1.68-1.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.69.

What price target have analysts set for PDM?

3 equities research analysts have issued 1 year price targets for Piedmont Office Realty Trust's shares. Their forecasts range from $20.00 to $22.00. On average, they anticipate Piedmont Office Realty Trust's share price to reach $20.6667 in the next twelve months. View Analyst Ratings for Piedmont Office Realty Trust.

Who are some of Piedmont Office Realty Trust's key competitors?

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)

Has Piedmont Office Realty Trust been receiving favorable news coverage?

News coverage about PDM stock has been trending somewhat negative recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Piedmont Office Realty Trust earned a daily sentiment score of -0.06 on Accern's scale. They also assigned news stories about the real estate investment trust an impact score of 46.52 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.26%), LSV Asset Management (5.03%), American Century Companies Inc. (4.64%), Northern Trust Corp (2.99%), Brookfield Asset Management Inc. (2.91%) and Dimensional Fund Advisors LP (1.92%). 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 selling Piedmont Office Realty Trust stock?

PDM stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Prudential Financial Inc., Millennium Management LLC, Systematic Financial Management LP, Wells Fargo & Company MN, American Century Companies Inc., Amundi Pioneer Asset Management Inc. and Asset Management One Co. Ltd.. View Insider Buying and Selling for Piedmont Office Realty Trust.

Which major investors are buying Piedmont Office Realty Trust stock?

PDM stock was purchased by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Northern Trust Corp, JPMorgan Chase & Co., Matarin Capital Management LLC, Mackay Shields LLC, Teachers Insurance & Annuity Association of America, OMERS ADMINISTRATION Corp and Chicago Equity Partners LLC. 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 $19.92.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.51 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.

How can I contact Piedmont Office Realty Trust?

Piedmont Office Realty Trust's mailing address is 11695 JOHNS CREEK PARKWAY STE 350, JOHNS CREEK GA, 30097. 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 (PDM)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  207 (Vote Outperform)
Underperform Votes:  360 (Vote Underperform)
Total Votes:  567
MarketBeat'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 6/24/2018 by MarketBeat.com Staff

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