Piedmont Office Realty Trust Company Profile (NYSE:PDM)

About Piedmont Office Realty Trust

Piedmont Office Realty Trust logoPiedmont Office Realty Trust, Inc. (Piedmont) is an integrated self-managed real estate investment trust specializing in the acquisition, ownership, management, development and disposition of primarily Class A office buildings located in the United States office markets. The Company operates through its real estate assets segment. It conducts business through Piedmont Operating Partnership, L.P. (Piedmont OP), as well as performs the management of its buildings through its subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. Piedmont is the sole general partner of, Piedmont OP and as such, possesses legal control and authority over the operations of Piedmont OP. Piedmont owns 99.9% of Piedmont OP. The rest 0.1% ownership interest of Piedmont OP is held indirectly by Piedmont through its subsidiary, Piedmont Office Holdings, Inc. Piedmont OP owns properties directly, through subsidiaries, and through both consolidated and unconsolidated joint ventures.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Office
  • Sub-Industry: Office REITs
  • Exchange: NYSE
  • Symbol: PDM
  • CUSIP: 72019020
Key Metrics:
  • Previous Close: $22.85
  • 50 Day Moving Average: $21.66
  • 200 Day Moving Average: $20.91
  • 52-Week Range: $18.25 - $22.87
  • Trailing P/E Ratio: 30.88
  • Foreward P/E Ratio: 61.76
  • P/E Growth: 16.69
  • Market Cap: $3.32B
  • Outstanding Shares: 145,235,000
  • Beta: 0.56
Profitability:
  • Net Margins: 19.41%
  • Return on Equity: 4.95%
  • Return on Assets: 2.48%
Debt:
  • Debt-to-Equity Ratio: 0.92%
  • Current Ratio: 1.52%
  • Quick Ratio: 1.52%
Additional Links:
Companies Related to Piedmont Office Realty Trust:

Analyst Ratings

Consensus Ratings for Piedmont Office Realty Trust (NYSE:PDM) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $21.75 (4.81% downside)

Analysts' Ratings History for Piedmont Office Realty Trust (NYSE:PDM)
Show:
DateFirmActionRatingPrice TargetDetails
1/23/2017Stifel NicolausUpgradeSell -> Hold$18.00 -> $20.50View Rating Details
8/8/2016DA DavidsonBoost Price TargetNeutral$22.00 -> $23.00View Rating Details
2/10/2016Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformView Rating Details
2/10/2016J P Morgan Chase & CoLower Price TargetNeutral$21.00 -> $20.00View Rating Details
1/7/2016Robert W. BairdDowngradeOutperform -> Neutral$21.00View Rating Details
10/16/2015Morgan StanleyBoost Price Target$18.00 -> $19.00View Rating Details
9/3/2015SunTrust Banks, Inc.Reiterated RatingNeutral$20.00 -> $21.00View Rating Details
5/13/2015Wells Fargo & CoUpgradeUnderperform -> Market PerformView Rating Details
(Data available from 2/26/2015 forward)

Earnings

Earnings History for Piedmont Office Realty Trust (NYSE:PDM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/8/2017Q4 2016$0.43$0.44$141.27 millionViewListenView Earnings Details
8/3/2016Q2$0.40$0.40$138.87 million$135.30 millionViewListenView Earnings Details
5/3/2016Q1$0.40$0.41$139.25 million$138.00 millionViewListenView Earnings Details
2/4/2016Q4$0.41$0.41$147.99 million$139.50 millionViewListenView Earnings Details
11/9/2015Q3$0.41$0.41$148.18 million$148.80 millionViewListenView Earnings Details
7/29/2015Q215$0.39$0.39$149.09 million$146.70 millionViewListenView Earnings Details
4/29/2015Q1$0.39$0.39$147.96 million$149.80 millionViewListenView Earnings Details
2/6/2015Q4$0.38$0.39$144.63 million$146.70 millionViewListenView Earnings Details
10/30/2014Q314$0.38$0.38$142.60 million$144.64 millionViewListenView Earnings Details
7/31/2014Q2$0.36$0.37$136.89 millionViewListenView Earnings Details
4/30/2014Q413$0.35$0.37$108.71 million$136.30 millionViewListenView Earnings Details
2/7/2014Q4$0.37$0.37$138.84 million$142.90 millionViewListenView Earnings Details
11/1/2013Q313$0.35$0.37$109.42 million$145.10 millionViewListenView Earnings Details
8/2/2013$0.34$0.35$132.30 million$134.80 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Piedmont Office Realty Trust (NYSE:PDM)
Current Year EPS Consensus Estimate: $0.34 EPS
Next Year EPS Consensus Estimate: $0.37 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.40$0.40$0.40
Q2 20163$0.39$0.40$0.39
Q3 20162$0.41$0.41$0.41
Q4 20163$0.42$0.44$0.43
Q1 20172$0.43$0.44$0.44
Q2 20173$0.42$0.44$0.43
Q3 20173$0.42$0.44$0.43
Q4 20172$0.43$0.43$0.43
Q1 20181$0.45$0.45$0.45
Q2 20181$0.46$0.46$0.46
Q3 20181$0.46$0.46$0.46
Q4 20181$0.47$0.47$0.47
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Piedmont Office Realty Trust (NYSE:PDM)
Annual Dividend:$0.84
Dividend Yield:3.68%
Dividend Growth:-7.70% (3 Year Average)
Payout Ratio:113.51% (Based on Trailing 12 Months of Earnings)
247.06% (Based on Current Year Consensus EPS Estimate)
227.03% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

Dividend History for Piedmont Office Realty Trust (NYSE:PDM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/9/2017Quarterly$0.213.78%2/22/20172/24/20173/17/2017
11/2/2016Quarterly$0.2111/22/201611/25/20161/3/2017
8/8/2016Quarterly$0.218/24/20168/26/20169/16/2016
5/3/2016Quarterly$0.215/25/20165/27/20166/17/2016
2/5/2016Quarterly$0.212/24/20162/26/20163/18/2016
11/10/2015Quarterly$0.2111/24/201511/27/201512/18/2015
7/29/2015$0.218/26/20158/28/20159/18/2015
4/30/2015quarterly$0.214.81%5/27/20155/29/20156/19/2015
2/6/2015quarterly$0.214.53%2/25/20152/27/20153/20/2015
10/30/2014quarterly$0.214.35%11/25/201411/28/201412/19/2014
7/31/2014quarterly$0.204.11%8/27/20148/29/20149/19/2014
5/1/2014quarterly$0.204.4%5/28/20145/30/20146/20/2014
2/10/2014quarterly$0.204.92%2/26/20142/28/20143/21/2014
11/1/2013quarterly$0.204.4%11/26/201311/29/201312/20/2013
8/6/2013quarterly$0.204.49%8/28/20138/30/20139/20/2013
5/6/2013quarterly$0.203.84%5/29/20135/31/20136/21/2013
3/5/2013quarterly$0.204.01%3/7/20133/11/20133/22/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Piedmont Office Realty Trust (NYSE:PDM)
Insider Ownership Percentage: 0.69%
Institutional Ownership Percentage: 84.33%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/10/2015Laura P MoonCAOSell11,000$18.75$206,250.00View SEC Filing  
9/1/2015Donald A MillerCEOBuy7,500$16.72$125,400.00View SEC Filing  
8/25/2015Jeffrey L SwopeDirectorBuy5,800$17.25$100,050.00View SEC Filing  
8/24/2015Frank C McdowellDirectorBuy10,000$17.50$175,000.00View SEC Filing  
5/6/2015Raymond Lee OwensEVPBuy1,425$17.46$24,880.50View SEC Filing  
5/4/2015Daniel TiberioDirectorBuy20,000$0.30$5,900.00
4/29/2015Daniel TiberioDirectorBuy8,500$0.28$2,380.00
4/24/2015Daniel TiberioDirectorBuy10,000$0.29$2,850.00
4/13/2015Bruce James MurrayInsiderBuy15,000$0.31$4,650.00
4/2/2015Bruce James MurrayInsiderBuy30,000$0.33$9,900.00
2/12/2015William H Keogler JrDirectorSell1,500$18.93$28,395.00View SEC Filing  
2/11/2015Jeffrey L SwopeDirectorBuy5,400$18.58$100,332.00View SEC Filing  
11/25/2014Jeffrey L SwopeDirectorBuy5,750$18.75$107,812.50View SEC Filing  
11/18/2014Jeffrey L SwopeDirectorBuy5,250$19.17$100,642.50View SEC Filing  
11/20/2012W Wayne WoodyDirectorBuy6,250$17.42$108,875.00View SEC Filing  
11/8/2012Donald S MossDirectorBuy5,000$17.78$88,900.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Piedmont Office Realty Trust (NYSE:PDM)
DateHeadline
finance.yahoo.com logoPIEDMONT OFFICE REALTY TRUST, INC. Financials (NYSE:PDM)
finance.yahoo.com - February 25 at 6:45 PM
capitalcube.com logoPiedmont Office Realty Trust, Inc. :PDM-US: Earnings Analysis: 2016 By the Numbers : February 15, 2017 (NYSE:PDM)
www.capitalcube.com - February 16 at 6:46 PM
capitalcube.com logoPiedmont Office Realty Trust, Inc. :PDM-US: Earnings Analysis: Q4, 2016 By the Numbers : February 14, 2017 (NYSE:PDM)
www.capitalcube.com - February 14 at 11:12 PM
finance.yahoo.com logoPiedmont Office Realty Trust (PDM): Moving Average Crossover Alert (NYSE:PDM)
finance.yahoo.com - February 14 at 11:12 PM
seekingalpha.com logoPiedmont Office Realty Trust's (PDM) CEO Don Miller on Q4 2016 Results - Earnings Call Transcript (NYSE:PDM)
seekingalpha.com - February 10 at 8:07 PM
finance.yahoo.com logoEdited Transcript of PDM earnings conference call or presentation 9-Feb-17 3:00pm GMT (NYSE:PDM)
finance.yahoo.com - February 10 at 1:57 AM
reuters.com logoBRIEF-Piedmont Office Realty Trust reports Q4 earnings per share $0.21 (NYSE:PDM)
www.reuters.com - February 9 at 1:09 AM
News IconWill Piedmont Office Realty Trust Inc’s (PDM) Earnings Grow In The Year Ahead? (NYSE:PDM)
simplywall.st - February 9 at 1:09 AM
News IconHow Often Does Piedmont Office Realty Trust, Inc. (PDM) Beat Earnings Estimates? (NYSE:PDM)
nyhetsbanken.info - February 9 at 1:09 AM
biz.yahoo.com logoQ4 2016 Piedmont Office Realty Trust Inc Earnings Release - After Market Close (NYSE:PDM)
us.rd.yahoo.com - February 8 at 8:07 PM
us.rd.yahoo.com logoPiedmont Office Realty Trust Reports Fourth Quarter and Annual 2016 Results (NYSE:PDM)
us.rd.yahoo.com - February 8 at 8:07 PM
biz.yahoo.com logoPIEDMONT OFFICE REALTY TRUST, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial State (NYSE:PDM)
us.rd.yahoo.com - February 8 at 8:07 PM
sg.finance.yahoo.com logoPiedmont Office reports 4Q results (NYSE:PDM)
sg.finance.yahoo.com - February 8 at 8:07 PM
biz.yahoo.com logoPiedmont Office Realty Trust Inc Earnings Call (Q4 2016) (NYSE:PDM)
biz.yahoo.com - February 8 at 1:20 AM
News IconBrokers Issue New Targets On Piedmont Office Realty Trust, Inc. (NYSE:PDM) (NYSE:PDM)
xboxonezone.com - February 7 at 8:18 PM
finance.yahoo.com logoPiedmont Office Realty Trust upgraded by Stifel (NYSE:PDM)
finance.yahoo.com - January 23 at 7:29 PM
capitalcube.com logoPiedmont Office Realty Trust, Inc. : PDM-US: Dividend Analysis : November 25th, 2016 (record date) : By the numbers : January 23, 2017 (NYSE:PDM)
www.capitalcube.com - January 23 at 7:29 PM
finance.yahoo.com logoPIEDMONT OFFICE REALTY TRUST ANNOUNCES TAX TREATMENT OF 2016 DIVIDENDS (NYSE:PDM)
finance.yahoo.com - January 19 at 11:53 PM
reuters.com logoBRIEF-Piedmont Office Realty Trust sees 2017 net income $105 mln-$213 mln (NYSE:PDM)
www.reuters.com - January 17 at 7:33 PM
finance.yahoo.com logoPiedmont Office Realty Trust, Inc. Hosts Investor Day, Introduces 2017 Guidance --Presentation at 2:30 pm ET, January 17, 2017 (NYSE:PDM)
finance.yahoo.com - January 17 at 11:09 AM
finance.yahoo.com logoPiedmont Office Realty Trust Announces 2016 Year-End and Fourth Quarter Leasing and Capital Markets Activity (NYSE:PDM)
finance.yahoo.com - January 12 at 7:48 PM
News IconPhysicians Realty Trust's (DOC) "Buy" Rating Reiterated at Canaccord Genuity (NYSE:PDM)
avauncer.com - January 12 at 5:51 AM
News IconUnited Dominion Realty Trust, Inc. (UDR) Shares Sold by Strs Ohio (NYSE:PDM)
jagsreport.com - January 10 at 12:49 AM
News IconBrandywine Realty Trust (NYSE:BDN) declared dividend of $0.16 per share (NYSE:PDM)
onemma.net - January 10 at 12:49 AM
nasdaq.com logoPiedmont Office Realty Trust (PDM) Passes Through 4% Yield Mark (NYSE:PDM)
www.nasdaq.com - January 10 at 12:49 AM
nasdaq.com logoPDM Crosses Above Key Moving Average Level (NYSE:PDM)
www.nasdaq.com - December 30 at 12:10 AM
capitalcube.com logoPiedmont Office Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : PDM-US : December 19, 2016 (NYSE:PDM)
www.capitalcube.com - December 19 at 8:41 AM
News IconIs Piedmont Office Realty Trust, Inc. (PDM) A Stock to Avoid? (NYSE:PDM)
feedproxy.google.com - December 10 at 5:43 PM
capitalcube.com logoETFs with exposure to Piedmont Office Realty Trust, Inc. : December 8, 2016 (NYSE:PDM)
www.capitalcube.com - December 8 at 7:36 PM
nasdaq.com logoPiedmont Office Realty Trust (PDM) Shares Cross Above 200 DMA (NYSE:PDM)
www.nasdaq.com - December 7 at 7:03 PM
capitalcube.com logoPiedmont Office Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : PDM-US : December 7, 2016 (NYSE:PDM)
www.capitalcube.com - December 7 at 9:24 AM
streetinsider.com logoPiedmont Office Realty Trust (PDM) CIO Owens to Retire (NYSE:PDM)
www.streetinsider.com - December 1 at 8:45 AM
us.rd.yahoo.com logoRaymond L. Owens to Retire as CIO in 2017; C. Brent Smith Named Successor (NYSE:PDM)
us.rd.yahoo.com - November 30 at 12:03 PM
biz.yahoo.com logoPIEDMONT OFFICE REALTY TRUST, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statement (NYSE:PDM)
us.rd.yahoo.com - November 30 at 12:03 PM
us.rd.yahoo.com logo5:03 pm Piedmont Office Realty Trust Chief Investment Officer Raymond Owens will retire effective June 30, 2017 (NYSE:PDM)
us.rd.yahoo.com - November 30 at 12:03 PM
News IconAnalysts Weigh In On Piedmont Office Realty Trust, Inc. (NYSE:PDM) (NYSE:PDM)
avauncer.com - November 19 at 9:25 AM
publicnow.com logoPiedmont Office Realty Trust Opts Out of MUTA Provision (NYSE:PDM)
www.publicnow.com - November 14 at 7:02 PM
finance.yahoo.com logo5:00 pm Piedmont Office Realty Trust opts out of Maryland Unsolicited Takeovers Act provision (NYSE:PDM)
finance.yahoo.com - November 14 at 7:02 PM
biz.yahoo.com logoPIEDMONT OFFICE REALTY TRUST, INC. Files SEC form 8-K, Material Modification to Rights of Security Holders, Amendment (NYSE:PDM)
biz.yahoo.com - November 14 at 7:02 PM
capitalcube.com logoPiedmont Office Realty Trust, Inc. :PDM-US: Earnings Analysis: Q3, 2016 By the Numbers : November 7, 2016 (NYSE:PDM)
www.capitalcube.com - November 7 at 7:30 PM
nasdaq.com logoRSI Alert: Piedmont Office Realty Trust (PDM) Now Oversold (NYSE:PDM)
www.nasdaq.com - November 4 at 6:17 PM
finance.yahoo.com logoEdited Transcript of PDM earnings conference call or presentation 2-Nov-16 2:00pm GMT (NYSE:PDM)
finance.yahoo.com - November 3 at 10:50 AM
seekingalpha.com logoPiedmont Office Realty Trust's (PDM) CEO Don Miller on Q3 2016 Results - Earnings Call Transcript (NYSE:PDM)
seekingalpha.com - November 2 at 7:03 PM
globenewswire.com logoPiedmont Office Realty Trust Reports Third Quarter 2016 Results (NYSE:PDM)
inpublic.globenewswire.com - November 2 at 7:03 PM
biz.yahoo.com logoPiedmont Office Realty Trust Inc Earnings Call scheduled for 10:00 am ET today (NYSE:PDM)
biz.yahoo.com - November 2 at 10:18 AM
sg.finance.yahoo.com logoPiedmont Office reports 3Q results (NYSE:PDM)
sg.finance.yahoo.com - November 1 at 7:01 PM
biz.yahoo.com logoQ3 2016 Piedmont Office Realty Trust Inc Earnings Release - After Market Close (NYSE:PDM)
biz.yahoo.com - November 1 at 11:10 AM
capitalcube.com logoPiedmont Office Realty Trust, Inc. : PDM-US: Dividend Analysis : August 26th, 2016 (record date) : By the numbers : October 20, 2016 (NYSE:PDM)
www.capitalcube.com - October 20 at 7:01 PM
publicnow.com logoPiedmont Office Realty Trust Announces Third Quarter Leasing and Capital Markets Results (NYSE:PDM)
www.publicnow.com - October 17 at 6:35 PM
publicnow.com logoPIEDMONT OFFICE REALTY TRUST TO REPORT THIRD QUARTER 2016 FINANCIAL RESULTS (NYSE:PDM)
www.publicnow.com - October 17 at 6:35 PM

Social

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."

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 9th. Stockholders of record on Friday, February 24th will be paid a dividend of $0.21 per share on Friday, March 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Wednesday, February 22nd.

Where is Piedmont Office Realty Trust's stock going? Where will Piedmont Office Realty Trust's stock price be in 2017?

2 analysts have issued 1 year target prices for Piedmont Office Realty Trust's stock. Their forecasts range from $20.50 to $23.00. On average, they expect Piedmont Office Realty Trust's stock price to reach $21.75 in the next twelve months.

When will Piedmont Office Realty Trust announce their earnings?

Piedmont Office Realty Trust is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

Who owns Piedmont Office Realty Trust stock?

Piedmont Office Realty Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (11.02%), State Street Corp (3.15%), Dimensional Fund Advisors LP (1.45%), Renaissance Technologies LLC (1.40%), Martingale Asset Management L P (0.48%) and Asset Management One Co. Ltd. (0.27%). Company insiders that own Piedmont Office Realty Trust stock include Bruce James Murray, Daniel Tiberio, Donald A Miller, Frank C Mcdowell, Jeffrey L Swope, Laura P Moon and Raymond Lee Owens.

Who sold Piedmont Office Realty Trust stock? Who is selling Piedmont Office Realty Trust stock?

Piedmont Office Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Janus Capital Management LLC, NN Investment Partners Holdings N.V., State Street Corp, Systematic Financial Management LP, Independent Order of Foresters, Pacad Investment Ltd. and Cipher Capital LP.

Who bought Piedmont Office Realty Trust stock? Who is buying Piedmont Office Realty Trust stock?

Piedmont Office Realty Trust's stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Russell Investments Group Ltd., Guggenheim Capital LLC, Martingale Asset Management L P, Elkfork Partners LLC, Asset Management One Co. Ltd., Credit Agricole S A and Ladenburg Thalmann Financial Services Inc.. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Bruce James Murray, Daniel Tiberio, Donald A Miller, Frank C Mcdowell, Jeffrey L Swope and Raymond Lee Owens.

How do I buy Piedmont Office Realty Trust stock?

Shares of Piedmont Office Realty Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Piedmont Office Realty Trust stock cost?

One share of Piedmont Office Realty Trust stock can currently be purchased for approximately $22.85.

Piedmont Office Realty Trust (NYSE:PDM) Chart for Sunday, February, 26, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Piedmont Office Realty Trust (NYSE:PDM)

Earnings History Chart

Earnings by Quarter for Piedmont Office Realty Trust (NYSE:PDM)

Dividend History Chart

Dividend Payments by Quarter for Piedmont Office Realty Trust (NYSE:PDM)

Last Updated on 2/26/2017 by MarketBeat.com Staff