Piedmont Office Realty Trust Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Piedmont Office Realty Trust stock.
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Piedmont Office Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for Piedmont Office Realty Trust.

Piedmont Office Realty Trust will be holding an earnings conference call on Wednesday, April 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings data on Wednesday, February, 10th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.45 by $0.27. The real estate investment trust earned $131.50 million during the quarter, compared to the consensus estimate of $129.43 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 19.92% and a net margin of 69.29%. The firm's revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS.
View Piedmont Office Realty Trust's earnings history.

Piedmont Office Realty Trust's stock was trading at $19.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PDM stock has decreased by 9.3% and is now trading at $17.84.
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Piedmont Office Realty Trust announced a quarterly dividend on Tuesday, February 2nd. Shareholders of record on Friday, February 26th will be paid a dividend of $0.21 per share on Friday, March 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Thursday, February 25th.
View Piedmont Office Realty Trust's dividend history.

Piedmont Office Realty Trust pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.78%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Piedmont Office Realty Trust does not yet have a strock track record of dividend growth. The dividend payout ratio of Piedmont Office Realty Trust is 46.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 45.16% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend.
View Piedmont Office Realty Trust's dividend history.

Piedmont Office Realty Trust updated its FY21 earnings guidance on Wednesday, February, 10th. The company provided earnings per share (EPS) guidance of $1.86-$1.96 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.86.

2 equities research analysts have issued 1-year price targets for Piedmont Office Realty Trust's shares. Their forecasts range from $19.00 to $22.00. On average, they anticipate Piedmont Office Realty Trust's share price to reach $20.50 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
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Some companies that are related to Piedmont Office Realty Trust include Digital Realty Trust (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), Douglas Emmett (DEI), CoreSite Realty (COR), SL Green Realty (SLG), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Mack-Cali Realty (CLI) and Franklin Street Properties (FSP).
View all of PDM's competitors.

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), (HST), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Spirit Realty Capital (SRC), AGNC Investment (AGNC), Apple Hospitality REIT (APLE) and Preferred Apartment Communities (APTS).

Piedmont Office Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDM."

Piedmont Office Realty Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.04%). Company insiders that own Piedmont Office Realty Trust stock include Dale H Taysom, Glenn Gary Cohen and Jeffrey L Swope.
View institutional ownership trends for Piedmont Office Realty Trust.

PDM stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Dale H Taysom, Glenn Gary Cohen, and Jeffrey L Swope.
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Shares of PDM 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.
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One share of PDM stock can currently be purchased for approximately $17.84.

Piedmont Office Realty Trust has a market capitalization of $2.21 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 137 workers across the globe.

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

Piedmont Office Realty Trust is headquartered at 5565 GLENRIDGE CONNECTOR STE 450, ATLANTA GA, 30342.

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]