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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?

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

$6.72
+0.08 (+1.20%)
(As of 12/4/2023 ET)
Compare
Today's Range
$6.56
$6.80
50-Day Range
$5.07
$6.64
52-Week Range
$4.91
$11.37
Volume
1.43 million shs
Average Volume
1.35 million shs
Market Capitalization
$831.33 million
P/E Ratio
15.27
Dividend Yield
7.44%
Price Target
N/A

Piedmont Office Realty Trust MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
3.19% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-10.29%
From $1.75 to $1.57 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.82 out of 5 stars

Finance Sector

648th out of 822 stocks

Nonresidential Building Operators Industry

3rd out of 4 stocks


PDM stock logo

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.

PDM Stock Price History

PDM Stock News Headlines

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Q3 2023 Piedmont Office Realty Trust Inc Earnings Call
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Bear of the Day: Piedmont Office Realty Trust (PDM)
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/24/2023
Dividend Payable
9/15/2023
Last Earnings
10/30/2023
Ex-Dividend for 1/2 Dividend
11/22/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/02/2024
Next Earnings (Estimated)
2/14/2024

Industry, Sector and Symbol

Industry
Nonresidential building operators
Sub-Industry
Office REITs
Sector
Finance
CUSIP
72019020
Employees
149
Year Founded
N/A

Profitability

Net Income
$146.83 million
Pretax Margin
9.53%

Debt

Sales & Book Value

Annual Sales
$563.77 million
Cash Flow
$3.00 per share
Book Value
$14.99 per share

Miscellaneous

Free Float
122,266,000
Market Cap
$831.33 million
Optionable
Optionable
Beta
1.15

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Key Executives















PDM Stock Analysis - Frequently Asked Questions

How have PDM shares performed in 2023?

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.
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) 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%.

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

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 12/5/2023 by MarketBeat.com Staff

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