S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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NYSE:PDM

Piedmont Office Realty Trust Stock Forecast, Price & News

$17.71
+0.23 (+1.32 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
$17.28
Now: $17.71
$17.75
50-Day Range
$15.38
MA: $16.62
$18.04
52-Week Range
$11.26
Now: $17.71
$22.83
Volume700,579 shs
Average Volume731,037 shs
Market Capitalization$2.20 billion
P/E Ratio6.00
Dividend Yield4.76%
Beta1.01
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 select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, 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). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
Piedmont Office Realty Trust logo

Headlines

Is PDM A Good Stock To Buy Now?
December 14, 2020 |  finance.yahoo.com
Is Piedmont Office (PDM) a Good Value Investor Stock Now?
August 14, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
CUSIP72019020
Phone770-418-8800
Employees137
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$533.18 million
Cash Flow$3.64 per share
Book Value$14.46 per share

Profitability

Net Income$229.26 million

Miscellaneous

Market Cap$2.20 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.10 out of 5 stars

Finance Sector

160th out of 1,940 stocks

Nonresidential Building Operators Industry

1st out of 11 stocks

Analyst Opinion: 2.3Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$17.71
+0.23 (+1.32 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

Is Piedmont Office Realty Trust a buy right now?

3 Wall Street equities research 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. The consensus among Wall Street equities research analysts is that investors should "buy" Piedmont Office Realty Trust stock.
View analyst ratings for Piedmont Office Realty Trust
or view top-rated stocks.

What stocks does MarketBeat like better than Piedmont Office Realty Trust?

Wall Street analysts have given Piedmont Office Realty Trust a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Piedmont Office Realty Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

Piedmont Office Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Piedmont Office Realty Trust
.

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

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

How has Piedmont Office Realty Trust's stock been impacted by COVID-19?

Piedmont Office Realty Trust's stock was trading at $19.68 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PDM shares have decreased by 10.0% and is now trading at $17.71.
View which stocks have been most impacted by COVID-19
.

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 Tuesday, February 2nd. Investors 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 4.74%. The ex-dividend date is Thursday, February 25th.
View Piedmont Office Realty Trust's dividend history
.

Is Piedmont Office Realty Trust a good dividend stock?

Piedmont Office Realty Trust pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.76%. 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.

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

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

What price target have analysts set for PDM?

3 brokers have issued twelve-month price objectives for Piedmont Office Realty Trust's stock. Their forecasts range from $18.00 to $22.00. On average, they anticipate Piedmont Office Realty Trust's stock price to reach $19.67 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
View analysts' price targets for Piedmont Office Realty Trust
or view top-rated stocks among Wall Street analysts.

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the following people:
  • Mr. Christopher Brent Smith, Pres, CEO & Director (Age 45, Pay $1.41M)
  • Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 64, Pay $1.02M)
  • Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Head of Devel. (Age 65, Pay $640.16k)
  • Mr. Thomas R. Prescott, Exec. VP of Midwest Region (Age 64, Pay $570.16k)
  • Mr. Christopher A. Kollme, Exec. VP of Fin. & Strategy (Age 50, Pay $729.91k)
  • Ms. Laura P. Moon, Chief Accounting Officer & Sr. VP (Age 50)
  • Mr. Edward H. Guilbert III, Exec. VP of Fin., Treasurer & Assistant Sec. (Age 45)
  • Thomas A. McKean, Sr. VP, Associate Gen. Counsel & Corp. Sec.
  • Ms. Lisa M. Tyler, VP of Human Resource
  • Mr. George M. Wells, Exec. VP of Real Estate Operations (Age 58)

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

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

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."

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.88%), Northern Trust Corp (2.47%), Dimensional Fund Advisors LP (2.06%), Charles Schwab Investment Management Inc. (1.69%), Heitman Real Estate Securities LLC (1.62%) and Fuller & Thaler Asset Management Inc. (1.34%). 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
.

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 Nuveen Asset Management LLC, Rothschild & Co. Asset Management US Inc., Heitman Real Estate Securities LLC, Wells Fargo & Company MN, Jupiter Asset Management Ltd., Barclays PLC, Matarin Capital Management LLC, and Dupont Capital Management Corp.
View insider buying and selling activity for Piedmont Office Realty Trust
or view top insider-selling stocks.

Which institutional investors are buying Piedmont Office Realty Trust stock?

PDM stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Kempen Capital Management N.V., MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income, Fuller & Thaler Asset Management Inc., JPMorgan Chase & Co., First Trust Advisors LP, and Private Management Group Inc.. 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.
View insider buying and selling activity for Piedmont Office Realty Trust
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of PDM stock can currently be purchased for approximately $17.71.

How much money does Piedmont Office Realty Trust make?

Piedmont Office Realty Trust has a market capitalization of $2.20 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.

How many employees does Piedmont Office Realty Trust have?

Piedmont Office Realty Trust employs 137 workers across the globe.

What is Piedmont Office Realty Trust's official website?

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

Where are Piedmont Office Realty Trust's headquarters?

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

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]


This page was last updated on 3/7/2021 by MarketBeat.com Staff

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