Piedmont Office Realty Trust Company Profile (NYSE:PDM)

About Piedmont Office Realty Trust (NYSE:PDM)

Piedmont Office Realty Trust logoPiedmont Office Realty Trust, Inc. is an integrated self-managed real estate investment trust (REIT). The Company's business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture. Its properties are located in areas, including New York, Chicago, Atlanta, Dallas, Boston, Minneapolis and Orlando. Its tenant base includes industries, such as business services, depository institutions, educational services, real estate, legal services and insurance carriers. The Company conducts business primarily through Piedmont Operating Partnership, L.P. (Piedmont OP). It performs the management of its buildings through its subsidiaries, including Piedmont Government Services, LLC and Piedmont Office Management, LLC.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Office REITs
  • Sub-Industry: Office REITs
  • Symbol: NYSE:PDM
  • CUSIP: 72019020
  • Web: www.piedmontreit.com
Capitalization:
  • Market Cap: $2.84869 billion
  • Outstanding Shares: 145,489,000
Average Prices:
  • 50 Day Moving Avg: $20.19
  • 200 Day Moving Avg: $20.92
  • 52 Week Range: $18.61 - $23.08
P/E:
  • Trailing P/E Ratio: 50.86
  • Foreward P/E Ratio: 11.45
  • P/E Growth: 9.83
Sales & Book Value:
  • Annual Revenue: $579.79 million
  • Price / Sales: 4.91
  • Book Value: $14.29 per share
  • Price / Book: 1.37
Dividend:
  • Annual Dividend: $0.84
  • Dividend Yield: 4.3%
Profitability:
  • EBITDA: $263.29 million
  • Net Margins: 9.71%
  • Return on Equity: 2.67%
  • Return on Assets: 1.29%
Debt:
  • Debt-to-Equity Ratio: 0.99%
  • Current Ratio: 1.99%
  • Quick Ratio: 1.99%
Misc:
  • Average Volume: 685,058 shs.
  • Beta: 0.6
  • Short Ratio: 6.59
 

Frequently Asked Questions for Piedmont Office Realty Trust (NYSE:PDM)

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 declared a quarterly dividend on Thursday, August 3rd. Investors of record on Friday, August 25th will be paid a dividend of $0.21 per share on Friday, September 15th. This represents a $0.84 annualized dividend and a yield of 4.29%. The ex-dividend date is Wednesday, August 23rd. View Piedmont Office Realty Trust's Dividend History.

How will Piedmont Office Realty Trust's stock buyback program work?

Piedmont Office Realty Trust announced that its Board of Directors has authorized a share buyback program on Sunday, June 4th 2017, which authorizes the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The company earned $148.70 million during the quarter, compared to the consensus estimate of $147.66 million. Piedmont Office Realty Trust had a net margin of 9.71% and a return on equity of 2.67%. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 EPS. View Piedmont Office Realty Trust's Earnings History.

When will Piedmont Office Realty Trust make its next earnings announcement?

Piedmont Office Realty Trust is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Piedmont Office Realty Trust.

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

Piedmont Office Realty Trust updated its FY17 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $1.72-1.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.75.

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

2 brokerages have issued 12 month price objectives for Piedmont Office Realty Trust's stock. Their forecasts range from $21.00 to $24.00. On average, they anticipate Piedmont Office Realty Trust's stock price to reach $22.50 in the next year. View Analyst Ratings for Piedmont Office Realty Trust.

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

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the folowing people:

  • Donald A. Miller, President, Chief Executive Officer, Director
  • Frank C. McDowell, Independent Vice Chairman of the Board
  • Robert E. Bowers, Chief Financial Officer, Executive Vice President
  • Carroll A. Reddic IV, Executive Vice President - Real Estate Operations, Assistant Secretary
  • Joseph H. Pangburn, Executive Vice President - Southwest Region
  • Thomas R. Prescott, Executive Vice President—Midwest Region
  • George M. Wells, Executive Vice President - Southeast Region
  • Robert K. Wiberg, Executive Vice President - Mid-Atlantic Region and Head of Development
  • Laura P. Moon, Chief Accounting Officer, Senior Vice President
  • C. Brent Smith, Chief Investment Officer

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.

What is Piedmont Office Realty Trust's stock price today?

One share of Piedmont Office Realty Trust stock can currently be purchased for approximately $19.58.


MarketBeat Community Rating for Piedmont Office Realty Trust (NYSE PDM)
Community Ranking:  1.3 out of 5 (star)
Outperform Votes:  85 (Vote Outperform)
Underperform Votes:  241 (Vote Underperform)
Total Votes:  326
MarketBeat's community ratings are surveys of what our community members think about Piedmont Office Realty Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Piedmont Office Realty Trust (NYSE:PDM) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $22.50 (14.91% upside)
Consensus Price Target History for Piedmont Office Realty Trust (NYSE:PDM)
Price Target History for Piedmont Office Realty Trust (NYSE:PDM)
Analysts' Ratings History for Piedmont Office Realty Trust (NYSE:PDM)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/21/2017Stifel NicolausReiterated RatingHold$21.00LowView Rating Details
8/28/2017Robert W. BairdUpgradeNeutral -> Outperform$23.00 -> $24.00LowView Rating Details
8/8/2016DA DavidsonBoost Price TargetNeutral$22.00 -> $23.00N/AView Rating Details
2/10/2016Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformN/AView Rating Details
2/10/2016J P Morgan Chase & CoLower Price TargetNeutral$21.00 -> $20.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Piedmont Office Realty Trust (NYSE:PDM)
Earnings by Quarter for Piedmont Office Realty Trust (NYSE:PDM)
Earnings History by Quarter for Piedmont Office Realty Trust (NYSE PDM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017N/AView Earnings Details
8/2/2017Q2 2017$0.44$0.46$147.66 million$148.70 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.44$0.10$145.35 million$148.50 millionViewListenView Earnings Details
2/8/2017Q4 2016$0.43$0.44$140.23 million$143.91 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
7/30/2014Q2$0.36$0.37$137.27 million$138.58 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)
2017 EPS Consensus Estimate: $1.73
2018 EPS Consensus Estimate: $1.77
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.43$0.44$0.44
Q2 20173$0.44$0.45$0.44
Q3 20173$0.42$0.44$0.43
Q4 20172$0.42$0.43$0.43
Q1 20183$0.43$0.45$0.44
Q2 20183$0.43$0.46$0.44
Q3 20183$0.42$0.46$0.44
Q4 20183$0.42$0.47$0.45
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Piedmont Office Realty Trust (NYSE:PDM)
Most Recent Dividend:9/15/2017
Annual Dividend:$0.84
Dividend Yield:4.29%
Dividend Growth:-7.70% (3 Year Average)
Payout Ratio:221.06% (Trailing 12 Months of Earnings)
47.73% (Based on This Year's Estimates)
49.12% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Piedmont Office Realty Trust (NYSE:PDM)

Dividend History by Quarter for Piedmont Office Realty Trust (NYSE PDM)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/3/2017Quarterly$0.214.11%8/23/20178/25/20179/15/2017
5/4/2017quarterly$0.213.9%5/24/20175/26/20176/16/2017
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 and Institutional Ownership History for Piedmont Office Realty Trust (NYSE:PDM)
Insider Ownership Percentage: 0.76%
Institutional Ownership Percentage: 82.75%
Insider Trades by Quarter for Piedmont Office Realty Trust (NYSE:PDM)
Institutional Ownership by Quarter for Piedmont Office Realty Trust (NYSE:PDM)
Insider Trades by Quarter for Piedmont Office Realty Trust (NYSE:PDM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/24/2017Laura P MoonCAOSell7,800$21.64$168,792.00View SEC Filing  
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

Headline Trends for Piedmont Office Realty Trust (NYSE:PDM)
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Chart

Piedmont Office Realty Trust (PDM) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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