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NYSE:PDM

Piedmont Office Realty Trust Stock Forecast, Price & News

$16.30
-0.26 (-1.57 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$16.08
Now: $16.30
$16.55
50-Day Range
$11.42
MA: $13.76
$16.95
52-Week Range
$11.26
Now: $16.30
$24.78
Volume504,094 shs
Average Volume964,489 shs
Market Capitalization$2.05 billion
P/E Ratio5.53
Dividend Yield5.07%
Beta0.71
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 second quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
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Piedmont Office Realty Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.22 out of 5 stars


Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
CUSIP72019020
Phone770-418-8800
Employees134

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$533.18 million
Cash Flow$4.11 per share
Book Value$14.46 per share

Profitability

Net Income$229.26 million

Miscellaneous

Market Cap$2.05 billion
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$16.30
-0.26 (-1.57 %)
(As of 11/27/2020 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

How has Piedmont Office Realty Trust's stock been impacted by Coronavirus?

Piedmont Office Realty Trust's stock was trading at $19.68 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PDM shares have decreased by 17.2% and is now trading at $16.30.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
.

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 winning trading ideas this year 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 Tuesday, February 2nd 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 Thursday, October, 29th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks' consensus estimate of $0.47 by $0.40. The real estate investment trust had revenue of $131.69 million for the quarter, compared to analysts' expectations of $132.16 million. Piedmont Office Realty Trust had a net margin of 68.72% and a return on equity of 20.58%. The firm's revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS.
View Piedmont Office Realty Trust's earnings history
.

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 Wednesday, October 28th. Investors of record on Friday, November 27th will be given a dividend of $0.21 per share on Monday, January 4th. This represents a $0.84 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Wednesday, November 25th.
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 issued an update on its FY20 earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of $1.88 to $1.90 for the period, compared to the Thomson Reuters consensus estimate of $1.89.

What price target have analysts set for PDM?

3 brokerages have issued 1-year target prices 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 share price to reach $19.67 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price.
View analysts' price targets for Piedmont Office Realty Trust
.

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 following people:
  • Mr. Christopher Brent Smith, Pres, CEO & Director (Age 44, Pay $1.41M)
  • Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 63, Pay $1.02M)
  • Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Head of Devel. (Age 64, Pay $640.16k)
  • Mr. Thomas R. Prescott, Exec. VP of Midwest Region (Age 63, Pay $570.16k)
  • Mr. Christopher A. Kollme, Exec. VP of Fin. & Strategy (Age 49, Pay $729.91k)
  • Ms. Laura P. Moon, Chief Accounting Officer & Sr. VP (Age 49)
  • Mr. Edward H. Guilbert III, Exec. VP of Fin., Treasurer & Assistant Sec. (Age 44)
  • 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 57)

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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.19%), LSV Asset Management (5.07%), State Street Corp (3.97%), Heitman Real Estate Securities LLC (1.81%), Charles Schwab Investment Management Inc. (1.60%) and Robeco Institutional Asset Management B.V. (1.02%). 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 Rothschild & Co. Asset Management US Inc., BlackRock Inc., State Street Corp, Sei Investments Co., Robeco Institutional Asset Management B.V., LSV Asset Management, Foundry Partners LLC, and SG Americas Securities LLC.
View insider buying and selling activity for Piedmont Office Realty Trust
.

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 Heitman Real Estate Securities LLC, Jupiter Asset Management Ltd., Hillcrest Asset Management LLC, UBS Asset Management Americas Inc., Allianz Asset Management GmbH, Voloridge Investment Management LLC, Wells Fargo & Company MN, and Vestcor 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
.

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 $16.30.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.05 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.

What is Piedmont Office Realty Trust's official website?

The official website for Piedmont Office Realty Trust is 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]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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