NYSE:PDM

Piedmont Office Realty Trust Stock Forecast, Price & News

$19.46
+0.32 (+1.67 %)
(As of 06/21/2021 12:00 AM ET)
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Today's Range
$19.19
$19.66
50-Day Range
$17.70
$20.29
52-Week Range
$11.26
$20.35
Volume653,468 shs
Average Volume708,778 shs
Market Capitalization$2.41 billion
P/E Ratio10.52
Dividend Yield4.39%
Beta1.04
30 days | 90 days | 365 days | Advanced Chart
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Piedmont Office Realty Trust logo

About Piedmont Office Realty Trust

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 select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, 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). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.

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MarketRank

Overall MarketRank

1.76 out of 5 stars

Finance Sector

428th out of 1,980 stocks

Nonresidential Building Operators Industry

1st out of 11 stocks

Analyst Opinion: 0.0Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Piedmont Office Realty Trust (NYSE:PDM) Frequently Asked Questions

What stocks does MarketBeat like better than Piedmont Office Realty Trust?

Wall Street analysts have given Piedmont Office Realty Trust a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Piedmont Office Realty Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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When is Piedmont Office Realty Trust's next earnings date?

Piedmont Office Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Piedmont Office Realty Trust
.

How were Piedmont Office Realty Trust's earnings last quarter?

Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its quarterly earnings results on Wednesday, April, 28th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.39. The real estate investment trust had revenue of $129.30 million for the quarter, compared to analyst estimates of $130.86 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 12.18% and a net margin of 44.26%. The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share.
View Piedmont Office Realty Trust's earnings history
.

How has Piedmont Office Realty Trust's stock been impacted by COVID-19?

Piedmont Office Realty Trust's stock was trading at $19.68 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PDM shares have decreased by 1.1% and is now trading at $19.46.
View which stocks have been most impacted by COVID-19
.

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 Wednesday, April 28th. Investors of record on Friday, May 28th will be paid a dividend of $0.21 per share on Friday, June 18th. This represents a $0.84 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Thursday, May 27th.
View Piedmont Office Realty Trust's dividend history
.

Is Piedmont Office Realty Trust a good dividend stock?

Piedmont Office Realty Trust pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.39%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Piedmont Office Realty Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Piedmont Office Realty Trust is 44.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 42.64% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend.
View Piedmont Office Realty Trust's dividend history.

What guidance has Piedmont Office Realty Trust issued on next quarter's earnings?

Piedmont Office Realty Trust updated its FY 2021 earnings guidance on Wednesday, May, 5th. The company provided EPS guidance of 1.860-1.960 for the period. The company issued revenue guidance of -.

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the following people:
  • Mr. Christopher Brent Smith, Pres, CEO & Director (Age 45, Pay $1.22M)
  • Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 64, Pay $811.19k)
  • Mr. George M. Wells, Exec. VP & COO (Age 58, Pay $576.19k)
  • Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Co-Head of Devel. (Age 65, Pay $559.69k)
  • Mr. Christopher A. Kollme, Exec. VP of Capital & Strategy (Age 50, Pay $606.94k)
  • Ms. Laura P. Moon, Chief Accounting Officer & Sr. VP (Age 50)
  • Mr. Edward H. Guilbert III, Exec. VP of Fin., Treasurer & Assistant Sec. (Age 45)
  • Thomas A. McKean, Sr. VP, Associate Gen. Counsel & Corp. Sec.
  • Ms. Lisa M. Tyler, VP of Human Resource
  • Mr. Joseph H. Pangburn, Exec. VP of Southwest Region (Age 60)

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

What other stocks do shareholders of Piedmont Office Realty Trust own?

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (10.30%), LSV Asset Management (4.38%), Cbre Clarion Securities LLC (3.07%), Dimensional Fund Advisors LP (1.96%), Northern Trust Corp (1.95%) and Weiss Multi Strategy Advisers LLC (1.89%). Company insiders that own Piedmont Office Realty Trust stock include Dale H Taysom, Glenn Gary Cohen and Jeffrey L Swope.
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 LSV Asset Management, Northern Trust Corp, Bank of Montreal Can, Kempen Capital Management N.V., Weiss Multi Strategy Advisers LLC, Dimensional Fund Advisors LP, Allianz Asset Management GmbH, and Russell Investments Group Ltd..
View insider buying and selling activity for Piedmont Office Realty Trust
or view top insider-selling stocks.

Which major investors are buying Piedmont Office Realty Trust stock?

PDM stock was acquired by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Arrowstreet Capital Limited Partnership, Goldman Sachs Group Inc., BlackRock Inc., Cbre Clarion Securities LLC, GSI Capital Advisors LLC, Barclays PLC, and Dean Investment Associates LLC. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Dale H Taysom, Glenn Gary Cohen, and Jeffrey L Swope.
View insider buying and selling activity for Piedmont Office Realty Trust
or or view top insider-buying stocks.

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 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 $19.46.

How much money does Piedmont Office Realty Trust make?

Piedmont Office Realty Trust has a market capitalization of $2.41 billion and generates $535 million in revenue each year. The real estate investment trust earns $232.68 million in net income (profit) each year or $1.89 on an earnings per share basis.

How many employees does Piedmont Office Realty Trust have?

Piedmont Office Realty Trust employs 137 workers across the globe.

What is Piedmont Office Realty Trust's official website?

The official website for Piedmont Office Realty Trust is www.piedmontreit.com.

Where are Piedmont Office Realty Trust's headquarters?

Piedmont Office Realty Trust is headquartered at 5565 GLENRIDGE CONNECTOR STE 450, ATLANTA GA, 30342.

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 real estate investment trust can be reached via phone at 770-418-8800 or via email at [email protected]


This page was last updated on 6/22/2021 by MarketBeat.com Staff
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