Piedmont Office Realty Trust Stock Price, News & Analysis (NYSE:PDM) $6.24 +0.11 (+1.79%) (As of 11/29/2023 ET) Add Compare Share Share Today's Range$6.21▼$6.5050-Day Range$5.07▼$6.3252-Week Range$4.91▼$11.37Volume700,493 shsAverage Volume1.35 million shsMarket Capitalization$771.95 millionP/E Ratio14.18Dividend Yield8.01%Price Target$14.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Piedmont Office Realty Trust MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside124.4% Upside$14.00 Price TargetShort InterestHealthy3.19% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-8.05%From $1.74 to $1.60 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.2.21 out of 5 starsFinance Sector451st out of 836 stocksNonresidential Building Operators Industry2nd out of 4 stocks 3.0 Analyst's Opinion Consensus RatingPiedmont Office Realty Trust has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.00, Piedmont Office Realty Trust has a forecasted upside of 124.4% from its current price of $6.24.Amount of Analyst CoveragePiedmont Office Realty Trust has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.19% 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 3.4, 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 increased by 3.46%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend LeadershipPiedmont Office Realty Trust is a leading dividend payer. It pays a dividend yield of 8.43%, 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 113.64%. 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 31.25% 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 0.0 News and Social Media Coverage Search InterestOnly 3 people have searched for PDM on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Piedmont Office Realty Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Piedmont Office Realty Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.17% of the stock of Piedmont Office Realty Trust is held by insiders.Percentage Held by Institutions84.72% 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 -8.05% in the coming year, from $1.74 to $1.60 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Piedmont Office Realty Trust is 14.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Piedmont Office Realty Trust is 14.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.77.Price to Book Value per Share RatioPiedmont Office Realty Trust has a P/B Ratio of 0.44. 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 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.Read More PDM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PDM Stock News HeadlinesNovember 21, 2023 | americanbankingnews.comPiedmont Office Realty Trust (NYSE:PDM) Stock Rating Lowered by StockNews.comNovember 5, 2023 | seekingalpha.comPiedmont Office: Most Risks Addressed Following Renewal Of Largest TenantNovember 30, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix 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.comNovember 1, 2023 | finance.yahoo.comPiedmont Office Realty Trust, Inc. (NYSE:PDM) Q3 2023 Earnings Call TranscriptNovember 1, 2023 | finance.yahoo.comQ3 2023 Piedmont Office Realty Trust Inc Earnings CallOctober 31, 2023 | finanznachrichten.dePiedmont Office Realty Trust, Inc.: Piedmont Office Realty Trust Reports Third Quarter 2023 ResultsOctober 30, 2023 | finance.yahoo.comGE Vernova Chooses Piedmont’s Atlanta Galleria for New Strategic HubOctober 30, 2023 | finance.yahoo.comU.S. BANCORP RENEWS 447,000 SF HEADQUARTERS IN MINNEAPOLIS, MNNovember 30, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix 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.comOctober 30, 2023 | finance.yahoo.comPiedmont Office Realty Trust Inc (PDM) Reports Q3 2023 EarningsOctober 30, 2023 | finance.yahoo.comPiedmont Office Realty Trust Reports Third Quarter 2023 ResultsOctober 5, 2023 | finance.yahoo.comPiedmont Office Realty Trust, Inc. to Report Third Quarter 2023 Financial ResultsOctober 3, 2023 | seekingalpha.comPiedmont Office: Calamitous Drops Don't Scare Us Out Of The GameAugust 24, 2023 | finance.yahoo.com11 Most Undervalued REIT Stocks to Buy According to Hedge FundsAugust 18, 2023 | finance.yahoo.comIs the Options Market Predicting a Spike in Piedmont Office (PDM) Stock?August 10, 2023 | finance.yahoo.comOrange Avenue closed, building evacuated due to unstable scaffolding in downtown OrlandoAugust 3, 2023 | msn.comPiedmont Office Realty Trust Inc - (PDM) Declares $0.12 DividendJuly 31, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: Pebblebrook Hotel (PEB) and Piedmont Office (PDM)July 30, 2023 | msn.comPiedmont Office: Dividend News Distracts From Material Upside Potential In Share PriceJuly 27, 2023 | finance.yahoo.comBear of the Day: Piedmont Office Realty Trust (PDM)July 27, 2023 | finance.yahoo.comPiedmont Office Realty Trust, Inc. (NYSE:PDM) Q2 2023 Earnings Call TranscriptJuly 27, 2023 | finance.yahoo.comPIEDMONT OFFICE REALTY TRUST DECLARES THIRD QUARTER DIVIDENDJuly 25, 2023 | finance.yahoo.comPIEDMONT OFFICE REALTY TRUST ANNOUNCES RESULTS OF TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 4.450% SENIOR NOTES DUE 2024July 20, 2023 | finance.yahoo.comPiedmont Office Realty Trust Announces Closing of Senior Notes Offering and Reports Second Quarter 2023 ResultsJuly 18, 2023 | finance.yahoo.comPIEDMONT OFFICE REALTY TRUST COMMENCES OFFER TO PURCHASE ANY AND ALL OF ITS OUTSTANDING 4.450% SENIOR NOTES DUE 2024July 11, 2023 | seekingalpha.comPiedmont Office Realty Trust: Really Cheap With An 11% YieldJuly 10, 2023 | finance.yahoo.comPiedmont Office Realty Trust, Inc. to Report Second Quarter 2023 Financial ResultsSee More Headlines 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 Company Calendar Ex-Dividend for 9/15 Dividend8/24/2023Dividend Payable9/15/2023Last Earnings10/30/2023Ex-Dividend for 1/2 Dividend11/22/2023Today11/30/2023Fiscal Year End12/31/2023Dividend Payable1/02/2024Next Earnings (Estimated)2/14/2024Get 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) 418-8800Fax770-418-8900Employees149Year FoundedN/APrice 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 RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.44 Trailing P/E Ratio14.18 Forward P/E Ratio3.59 P/E GrowthN/ANet Income$146.83 million Net Margins9.53% Pretax Margin9.53% Return on Equity3.05% Return on Assets1.34% Debt Debt-to-Equity Ratio1.16 Current Ratio1.67 Quick Ratio1.67 Sales & Book Value Annual Sales$563.77 million Price / Sales1.37 Cash Flow$3.12 per share Price / Cash Flow2.00 Book Value$14.28 per share Price / Book0.44Miscellaneous Outstanding Shares123,710,000Free Float122,266,000Market Cap$771.95 million OptionableOptionable Beta1.09 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Christopher Brent Smith (Age 47)President, CEO & Director Comp: $1.55MMr. Robert E. Bowers CPA (Age 66)CFO, Executive VP & Chief Administrative Officer Comp: $922.17kMr. George M. Wells (Age 60)Executive VP & COO Comp: $767.25kMr. Christopher A. Kollme (Age 51)Executive Vice President of Investments & Strategy Comp: $731kMr. Robert K. Wiberg (Age 67)Executive VP of Northeast Region & Co-Head of Development Comp: $612.17kMs. Laura P. Moon (Age 52)Chief Accounting Officer & Senior VP Comp: $327.67kMr. Edward H. Guilbert III (Age 47)Executive VP of Finance, Treasurer & Assistant Secretary Thomas A. McKeanSenior VP, Associate General Counsel & Corporate SecretaryMs. Lisa M. TylerVice President of Human ResourceMr. Damian J. Miller CFAExecutive Vice President of Dallas - Southwest RegionMore ExecutivesKey CompetitorsOpen LendingNASDAQ:LPROCarlyle Secured LendingNASDAQ:CGBDGuildNYSE:GHLDPatria InvestmentsNYSE:PAXBrandywine Realty TrustNYSE:BDNView All CompetitorsInsiders & InstitutionsDeutsche Bank AGSold 244,381 shares on 11/24/2023Ownership: 0.068%Public Employees Retirement System of OhioBought 14,038 shares on 11/16/2023Ownership: 0.149%Tudor Investment Corp Et AlBought 157,206 shares on 11/16/2023Ownership: 0.127%Penserra Capital Management LLCBought 9,116 shares on 11/16/2023Ownership: 0.058%Creative PlanningBought 11,792 shares on 11/16/2023Ownership: 0.058%View All Insider TransactionsView All Institutional Transactions 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 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. 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