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NYSE:PDM - Piedmont Office Realty Trust Stock Price, Forecast & News

$24.20
-0.41 (-1.67 %)
(As of 02/19/2020 10:56 AM ET)
Today's Range
$24.20
Now: $24.20
$24.56
50-Day Range
$21.87
MA: $23.24
$24.61
52-Week Range
$19.18
Now: $24.20
$24.78
Volume6,725 shs
Average Volume968,241 shs
Market Capitalization$3.04 billion
P/E Ratio13.30
Dividend Yield3.44%
Beta0.7
Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select sub-markets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $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 major markets and is investment-grade rated by Standard & Poor's (BBB) and Moody's (Baa2).

Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
CUSIP72019020
Phone770-418-8800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$533.18 million
Cash Flow$2.29 per share
Book Value$13.34 per share

Profitability

Net Income$229.26 million

Miscellaneous

Employees134
Market Cap$3.04 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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

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 Tuesday, February 4th. Stockholders of record on Friday, February 28th will be given a dividend of $0.21 per share on Friday, March 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Thursday, February 27th. View Piedmont Office Realty Trust's Dividend History.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its earnings results on Tuesday, February, 4th. The real estate investment trust reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.84. The real estate investment trust had revenue of $134.20 million for the quarter, compared to analyst estimates of $134.23 million. Piedmont Office Realty Trust had a net margin of 43.00% and a return on equity of 13.47%. The business's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. View Piedmont Office Realty Trust's Earnings History.

When is Piedmont Office Realty Trust's next earnings date?

Piedmont Office Realty Trust is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. 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 FY20 earnings guidance on Tuesday, February, 4th. The company provided EPS guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus estimate of $1.90.

What price target have analysts set for PDM?

3 Wall Street analysts have issued twelve-month price targets for Piedmont Office Realty Trust's stock. Their forecasts range from $24.00 to $26.00. On average, they anticipate Piedmont Office Realty Trust's stock price to reach $25.00 in the next year. This suggests a possible upside of 2.9% from the stock's current price. View Analyst Price Targets for Piedmont Office Realty Trust.

What is the consensus analysts' recommendation for Piedmont Office Realty Trust?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Piedmont Office Realty Trust.

Has Piedmont Office Realty Trust been receiving favorable news coverage?

News headlines about PDM stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Piedmont Office Realty Trust earned a news impact score of 1.4 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Piedmont Office Realty Trust.

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a increase in short interest in January. As of January 31st, there was short interest totalling 5,800,000 shares, an increase of 12.6% from the January 15th total of 5,150,000 shares. Based on an average trading volume of 821,300 shares, the days-to-cover ratio is presently 7.1 days. Currently, 4.7% of the company's stock are sold short. View Piedmont Office Realty Trust's Current Options Chain.

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

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

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the folowing people:
  • Mr. Donald A. Miller C.F.A., CFA, CEO & Director (Age 56)
  • Mr. Christopher Brent Smith, Pres, Chief Investment Officer & Director (Age 43)
  • Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 62)
  • Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Head of Devel. (Age 63)
  • Mr. Christopher A. Kollme, Exec. VP of Fin. & Strategy

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by many different of retail and institutional investors. Top institutional investors include LSV Asset Management (5.57%), FMR LLC (4.44%), State Street Corp (4.25%), Renaissance Technologies LLC (2.20%), Charles Schwab Investment Management Inc. (1.96%) and Rothschild & Co. Asset Management US Inc. (1.65%). Company insiders that own Piedmont Office Realty Trust stock include Dale H Taysom, Jeffrey L Swope and Kelly Hefner Barrett. View Institutional Ownership Trends for Piedmont Office Realty Trust.

Which institutional investors are selling Piedmont Office Realty Trust stock?

PDM stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State Street Corp, Renaissance Technologies LLC, Bessemer Group Inc., Sei Investments Co., Bank of America Corp DE, LSV Asset Management and AJO LP. View Insider Buying and Selling for Piedmont Office Realty Trust.

Which institutional investors are buying Piedmont Office Realty Trust stock?

PDM stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Rothschild & Co. Asset Management US Inc., California Public Employees Retirement System, UBS Group AG, Man Group plc, Robeco Institutional Asset Management B.V., Public Sector Pension Investment Board and Vident Investment Advisory LLC. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Dale H Taysom, Jeffrey L Swope and Kelly Hefner Barrett. View Insider Buying and Selling for Piedmont Office Realty Trust.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

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

One share of PDM stock can currently be purchased for approximately $24.29.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $3.06 billion and generates $533.18 million in revenue each year. The real estate investment trust earns $229.26 million in net income (profit) each year or $1.79 on an earnings per share basis. Piedmont Office Realty Trust employs 134 workers across the globe.View Additional Information About Piedmont Office Realty Trust.

What is Piedmont Office Realty Trust's official website?

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

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]


MarketBeat Community Rating for Piedmont Office Realty Trust (NYSE PDM)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  299 (Thanks for Voting!)
Underperform Votes:  500 (Thanks for Voting!)
Total Votes:  799
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 PDM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PDM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/19/2020 by MarketBeat.com Staff

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