NYSE:PDM Piedmont Office Realty Trust (PDM) Stock Forecast, Price & News $6.69 +0.36 (+5.69%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$6.32▼$6.7250-Day Range$6.10▼$7.3052-Week Range$5.99▼$14.60Volume1.47 million shsAverage Volume1.38 million shsMarket Capitalization$827.15 millionP/E Ratio9.70Dividend Yield12.56%Price Target$15.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Piedmont Office Realty Trust MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside131.7% Upside$15.50 Price TargetShort InterestHealthy3.06% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.25Based on 2 Articles This WeekInsider TradingAcquiring Shares$36,418 Bought Last QuarterProj. Earnings Growth-2.72%From $1.84 to $1.79 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.03 out of 5 starsFinance Sector85th out of 859 stocksNonresidential Building Operators Industry1st out of 4 stocks 3.3 Analyst's Opinion Consensus RatingPiedmont Office Realty Trust has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.50, Piedmont Office Realty Trust has a forecasted upside of 131.7% from its current price of $6.69.Amount of Analyst CoveragePiedmont Office Realty Trust has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.06% of the float of Piedmont Office Realty Trust has been sold short.Short Interest Ratio / Days to CoverPiedmont Office Realty Trust has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Piedmont Office Realty Trust has recently decreased by 14.25%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipPiedmont Office Realty Trust is a leading dividend payer. It pays a dividend yield of 12.98%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPiedmont Office Realty Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Piedmont Office Realty Trust is 121.74%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 46.93% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PDM. Previous Next 2.9 News and Social Media Coverage News SentimentPiedmont Office Realty Trust has a news sentiment score of 1.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Piedmont Office Realty Trust this week, compared to 2 articles on an average week.Search Interest8 people have searched for PDM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Piedmont Office Realty Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Piedmont Office Realty Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought $36,418.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.17% of the stock of Piedmont Office Realty Trust is held by insiders.Percentage Held by Institutions82.88% of the stock of Piedmont Office Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Piedmont Office Realty Trust are expected to decrease by -2.72% in the coming year, from $1.84 to $1.79 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Piedmont Office Realty Trust is 9.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.53.Price to Earnings Ratio vs. SectorThe P/E ratio of Piedmont Office Realty Trust is 9.70, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 158.98.Price to Book Value per Share RatioPiedmont Office Realty Trust has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Piedmont Office Realty Trust (NYSE:PDM) StockPiedmont Office Realty Trust, Inc. engages in the ownership, management, development, redevelopment, and operation of office properties. It operates through the following geographical segments: Atlanta, Dallas, Washington, D.C./Northern Virginia, Boston, Orlando, Minneapolis, and New York. The company was founded on July 3, 1997 and is headquartered in Atlanta, GA.Read More Receive PDM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Piedmont Office Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address PDM Stock News HeadlinesMay 30, 2023 | americanbankingnews.comPiedmont Office Realty Trust, Inc. (NYSE:PDM) Sees Large Drop in Short InterestMay 27, 2023 | americanbankingnews.comStockNews.com Upgrades Piedmont Office Realty Trust (NYSE:PDM) to "Hold"June 7, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.May 26, 2023 | finance.yahoo.comPDM - Piedmont Office Realty Trust, Inc.May 23, 2023 | americanbankingnews.comPiedmont Office Realty Trust, Inc. (PDM) to Issue Quarterly Dividend of $0.21 on June 16thMay 12, 2023 | seekingalpha.comPiedmont: Higher Risk, But Still Investment Grade 12.6% YieldMay 11, 2023 | marketwatch.com8-K: Piedmont Office Realty Trust, Inc.May 10, 2023 | seekingalpha.comPiedmont Office Realty Trust: The Valuation Is Too Cheap To IgnoreJune 7, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.May 6, 2023 | americanbankingnews.comPiedmont Office Realty Trust (NYSE:PDM) Reaches New 1-Year Low at $6.01May 5, 2023 | americanbankingnews.comStockNews.com Downgrades Piedmont Office Realty Trust (NYSE:PDM) to SellMay 3, 2023 | finance.yahoo.comQ1 2023 Piedmont Office Realty Trust Inc Earnings CallMay 1, 2023 | finance.yahoo.comPiedmont Office Realty Trust Reports First Quarter 2023 ResultsApril 30, 2023 | americanbankingnews.comPiedmont Office Realty Trust (PDM) Set to Announce Quarterly Earnings on MondayApril 26, 2023 | americanbankingnews.comPiedmont Office Realty Trust (NYSE:PDM) Reaches New 12-Month Low at $6.35April 14, 2023 | finance.yahoo.comPiedmont Office Realty Trust, Inc to Report First Quarter 2023 Financial ResultsMarch 31, 2023 | marketwatch.comPiedmont Office Realty Trust Earns ENERGY STAR(R) Partner Of The Year Award For Third Year In A RowMarch 30, 2023 | americanbankingnews.comPiedmont Office Realty Trust (NYSE:PDM) Shares Gap Down to $6.77March 29, 2023 | finance.yahoo.comPiedmont Office Realty Trust Earns ENERGY STAR® Partner Of The Year Award For Third Year In A RowMarch 28, 2023 | seekingalpha.comPiedmont Office Realty Trust: Still My Top Stock Pick For 2023March 25, 2023 | americanbankingnews.comPiedmont Office Realty Trust (NYSE:PDM) Sets New 52-Week Low at $6.95March 22, 2023 | americanbankingnews.comRobert E. Bowers Acquires 2,000 Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) StockMarch 22, 2023 | americanbankingnews.comInsider Buying: Piedmont Office Realty Trust, Inc. (NYSE:PDM) EVP Purchases 2,850 Shares of StockMarch 6, 2023 | bizjournals.comOrlando's tallest building will get a new look. Here's what's changing and why.February 10, 2023 | finance.yahoo.comPiedmont Office Realty Trust Full Year 2022 Earnings: EPS Beats ExpectationsFebruary 8, 2023 | finance.yahoo.comPiedmont Office Realty Trust Reports Fourth Quarter and Annual 2022 ResultsFebruary 8, 2023 | seekingalpha.comPiedmont Office Realty Trust Q4 results mixed, co gives in-line FY 2023 FFO guidanceSee More Headlines PDM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PDM Company Calendar Last Earnings10/27/2021Ex-Dividend for 3/17 Dividend2/23/2023Dividend Payable3/17/2023Ex-Dividend for 6/16 Dividend5/25/2023Today6/06/2023Dividend Payable6/16/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Nonresidential building operators Sub-IndustryOffice REITs SectorFinance Current SymbolNYSE:PDM CUSIP72019020 CIK1042776 Webwww.piedmontreit.com Phone(770) 418-8800Fax770-418-8900Employees134Year FoundedN/APrice Target and Rating Average Stock Price Forecast$15.50 High Stock Price Forecast$17.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+131.7%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.69 Trailing P/E Ratio9.70 Forward P/E Ratio3.64 P/E GrowthN/ANet Income$146.83 million Net Margins15.00% Pretax Margin15.00% Return on Equity4.70% Return on Assets2.11% Debt Debt-to-Equity Ratio1.21 Current Ratio3.63 Quick Ratio3.63 Sales & Book Value Annual Sales$563.77 million Price / Sales1.47 Cash Flow$3.07 per share Price / Cash Flow2.18 Book Value$14.99 per share Price / Book0.45Miscellaneous Outstanding Shares123,640,000Free Float122,196,000Market Cap$827.15 million OptionableOptionable Beta0.98 Social Links Key ExecutivesC. Brent SmithPresident, Chief Executive Officer & DirectorGeorge M. WellsChief Operating Officer & Executive Vice PresidentRobert E. BowersChief Financial & Administrative Officer, EVPLaura P. MoonChief Accounting Officer & Senior Vice PresidentChristopher A. KollmeExecutive Vice President-Investments & StrategyKey CompetitorsSLR InvestmentNASDAQ:SLRCBrightSpire CapitalNYSE:BRSPKKR Real Estate Finance TrustNYSE:KREFCustomers BancorpNYSE:CUBIPeoples BancorpNASDAQ:PEBOView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 10,871 shares on 6/1/2023Ownership: 0.305%Ameriprise Financial Inc.Sold 190,968 shares on 5/22/2023Ownership: 0.091%Putnam Investments LLCSold 3,340 shares on 5/22/2023Ownership: 0.063%JPMorgan Chase & Co.Sold 314,631 shares on 5/18/2023Ownership: 0.668%New York State Common Retirement FundSold 46,083 shares on 5/18/2023Ownership: 0.053%View All Insider TransactionsView All Institutional Transactions PDM Stock - Frequently Asked Questions Should I buy or sell Piedmont Office Realty Trust stock right now? 2 Wall Street equities 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 and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PDM shares. View PDM analyst ratings or view top-rated stocks. What is Piedmont Office Realty Trust's stock price forecast for 2023? 2 Wall Street analysts have issued 12-month price objectives for Piedmont Office Realty Trust's stock. Their PDM share price forecasts range from $14.00 to $17.00. On average, they anticipate the company's stock price to reach $15.50 in the next twelve months. This suggests a possible upside of 131.7% 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 stock has decreased by 27.0% and is now trading at $6.69. View the best growth stocks for 2023 here. Are investors shorting Piedmont Office Realty Trust? Piedmont Office Realty Trust saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,730,000 shares, a decrease of 14.3% from the April 30th total of 4,350,000 shares. Based on an average daily volume of 1,540,000 shares, the short-interest ratio is currently 2.4 days. Approximately 3.1% of the shares of the stock are short sold. View Piedmont Office Realty Trust's Short Interest. When is Piedmont Office Realty Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023. View our PDM earnings forecast. How were Piedmont Office Realty Trust's earnings last quarter? Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its earnings results on Wednesday, October, 27th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The real estate investment trust earned $131.10 million during the quarter, compared to analysts' expectations of $130.87 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 4.70% and a net margin of 15.00%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS. 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 Monday, May 1st. Investors of record on Friday, May 26th will be paid a dividend of $0.21 per share on Friday, June 16th. This represents a $0.84 dividend on an annualized basis and a yield of 12.56%. The ex-dividend date of this dividend is Thursday, May 25th. 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 First Trust Multi-Asset Diversified Income Index Fund (MDIV), Hoya Capital High Dividend Yield ETF (RIET), Arrow Dow Jones Global Yield ETF (GYLD), First Trust Small Cap Value AlphaDEX Fund (FYT), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Invesco MSCI Green Building ETF (GBLD), Global X Green Building ETF (GRNR) and First Trust Active Factor Small Cap ETF (AFSM). Is Piedmont Office Realty Trust a good dividend stock? Piedmont Office Realty Trust (NYSE:PDM) pays an annual dividend of $0.84 per share and currently has a dividend yield of 12.98%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 121.74%. 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 46.93% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PDM. What guidance has Piedmont Office Realty Trust issued on next quarter's earnings? Piedmont Office Realty Trust updated its FY23 earnings guidance on Monday, May, 1st. The company provided EPS guidance of $1.80-$1.90 for the period, compared to the consensus EPS estimate of $1.84. 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). 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." Who are Piedmont Office Realty Trust's major shareholders? Piedmont Office Realty Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.08%), State Street Corp (5.04%), LSV Asset Management (3.45%), Private Management Group Inc. (2.71%), Charles Schwab Investment Management Inc. (2.50%) and Geode Capital Management LLC (2.16%). 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. What is Piedmont Office Realty Trust's stock price today? One share of PDM stock can currently be purchased for approximately $6.69. How much money does Piedmont Office Realty Trust make? Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $827.15 million and generates $563.77 million in revenue each year. The real estate investment trust earns $146.83 million in net income (profit) each year or $0.69 on an earnings per share basis. How many employees does Piedmont Office Realty Trust have? The company employs 134 workers across the globe. 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 official website for the company is www.piedmontreit.com. The real estate investment trust can be reached via phone at (770) 418-8800, via email at investor.services@piedmontreit.com, or via fax at 770-418-8900. This page (NYSE:PDM) was last updated on 6/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Piedmont Office Realty Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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