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

$6.14
-0.14 (-2.23%)
(As of 02/23/2024 ET)
Today's Range
$6.13
$6.28
50-Day Range
$6.27
$7.42
52-Week Range
$4.91
$9.41
Volume
1.08 million shs
Average Volume
980,244 shs
Market Capitalization
$760.13 million
P/E Ratio
N/A
Dividend Yield
8.14%
Price Target
N/A

Piedmont Office Realty Trust MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
2.28% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.56mentions of Piedmont Office Realty Trust in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.30%
From $1.51 to $1.43 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.17 out of 5 stars

Finance Sector

640th out of 858 stocks

Nonresidential Building Operators Industry

2nd 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

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Q4 2023 Piedmont Office Realty Trust Inc Earnings Call
The Retirement of Your Dreams Awaits You…
Imagine it's 2025 and you have the financial freedom to pursue any of your biggest goals. All of this because YOU decided to take action in 2024. The Bitcoin Halving in 2024 could change your life forever...And the strategies outlined in the Crypto Retirement Blueprint will give you what you need to be able to crush the upcoming halving cycle bull run, and potentially retire quickly in wealth.
Piedmont Office Realty Trust Inc. Cl A
Q3 2023 Piedmont Office Realty Trust Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 1/2 Dividend
11/22/2023
Dividend Payable
1/02/2024
Ex-Dividend for 3/15 Dividend
2/22/2024
Today
2/23/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nonresidential building operators
Sub-Industry
Office REITs
CUSIP
72019020
Employees
150
Year Founded
N/A

Profitability

Net Income
$-48,390,000.00
Pretax Margin
-8.37%

Debt

Sales & Book Value

Annual Sales
$577.76 million
Cash Flow
$1.40 per share
Book Value
$13.92 per share

Miscellaneous

Free Float
122,266,000
Market Cap
$760.13 million
Optionable
Optionable
Beta
1.17

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Key Executives















PDM Stock Analysis - Frequently Asked Questions

How have PDM shares performed in 2024?

Piedmont Office Realty Trust's stock was trading at $7.11 at the beginning of 2024. Since then, PDM stock has decreased by 13.4% and is now trading at $6.16.
View the best growth stocks for 2024 here
.

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 2,780,000 shares, an increase of 10.8% from the January 15th total of 2,510,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.3% of the company's 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 Monday, May 6th 2024.
View our PDM earnings forecast
.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings results on Wednesday, October, 27th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The real estate investment trust earned $131.10 million during the quarter, compared to analyst estimates of $130.87 million. Piedmont Office Realty Trust had a negative net margin of 8.38% and a negative trailing twelve-month return on equity of 2.72%. Piedmont Office Realty Trust's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share.

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 Thursday, February 1st. Stockholders of record on Friday, February 23rd will be given a dividend of $0.125 per share on Friday, March 15th. This represents a $0.50 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date is Thursday, February 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 7.63%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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 guidance has Piedmont Office Realty Trust issued on next quarter's earnings?

Piedmont Office Realty Trust issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 1.460-1.560 for the period, compared to the consensus EPS estimate of 1.530. The company issued revenue guidance of -.

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 Vanguard Group Inc. (15.22%), Private Management Group Inc. (3.73%), LSV Asset Management (3.63%), Charles Schwab Investment Management Inc. (2.76%), Nuveen Asset Management LLC (1.76%) and Wilsey Asset Management Inc. (1.56%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PDM) was last updated on 2/23/2024 by MarketBeat.com Staff