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NYSE:PDM

Piedmont Office Realty Trust (PDM) Stock Forecast, Price & News

$14.63
+0.23 (+1.60%)
(As of 05/27/2022 11:16 AM ET)
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Compare
Today's Range
$14.49
$14.63
50-Day Range
$14.40
$17.65
52-Week Range
$14.07
$20.35
Volume
9,222 shs
Average Volume
835,926 shs
Market Capitalization
$1.80 billion
P/E Ratio
36.58
Dividend Yield
5.73%
Beta
0.94
30 days | 90 days | 365 days | Advanced Chart
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Piedmont Office Realty Trust logo

About Piedmont Office Realty Trust

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.

Headlines

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Industry, Sector and Symbol

Industry
Nonresidential building operators
Sub-Industry
Office REITs
Sector
Finance
CUSIP
72019020
Employees
134
Year Founded
N/A

Sales & Book Value

Annual Sales
$528.71 million
Cash Flow
$1.63 per share
Book Value
$14.84 per share

Profitability

Net Income
$-1.15 million
Pretax Margin
9.23%

Debt

Price-To-Earnings

Miscellaneous

Free Float
121,937,000
Market Cap
$1.80 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/18 Dividend
2/24/2022
Dividend Payable
3/18/2022
Last Earnings
4/27/2022
Ex-Dividend for 6/17 Dividend
5/26/2022
Today
5/27/2022
Dividend Payable
6/17/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

1.97 out of 5 stars

Finance Sector

747th out of 1,381 stocks

Nonresidential Building Operators Industry

3rd out of 7 stocks

Analyst Opinion: 0.0Community Rank: 3.6Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













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

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,240,000 shares, an increase of 26.6% from the April 30th total of 1,770,000 shares. Based on an average daily trading volume, of 836,900 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.8% of the company's shares are sold short.
View Piedmont Office Realty Trust's Short Interest
.

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, July 27th 2022.
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 earnings results on Wednesday, April, 27th. The real estate investment trust reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by $0.02. The real estate investment trust earned $136.15 million during the quarter, compared to analysts' expectations of $135.88 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 2.69% and a net margin of 9.24%.
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 announced a quarterly dividend on Wednesday, April 27th. Investors of record on Friday, May 27th will be given a dividend of $0.21 per share on Friday, June 17th. This represents a $0.84 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Thursday, May 26th.
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 5.73%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Piedmont Office Realty Trust is 210.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 40.19% 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.

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 46, Pay $1.52M) (LinkedIn Profile)
  • Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 65, Pay $986.25k)
  • Mr. George M. Wells, Exec. VP & COO (Age 59, Pay $811.25k)
  • Mr. Christopher A. Kollme, Exec. VP of Investments & Strategy (Age 50, Pay $740.16k)
  • Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Co-Head of Devel. (Age 66, Pay $644.75k)
  • Ms. Laura P. Moon, Chief Accounting Officer & Sr. VP (Age 51)
  • Mr. Edward H. Guilbert III, Exec. VP of Fin., Treasurer & Assistant Sec. (Age 46)
  • Thomas A. McKean, Sr. VP, Associate Gen. Counsel & Corp. Sec.
  • Ms. Lisa M. Tyler, VP of Human Resource
  • Mr. Joseph H. Pangburn, Exec. VP of Southwest Region (Age 61)
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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (15.91%), BlackRock Inc. (10.06%), State Street Corp (5.01%), LSV Asset Management (3.64%), Wellington Management Group LLP (3.05%) and Cbre Investment Management Listed Real Assets LLC (2.86%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, Dale H Taysom, Glenn Gary Cohen and Laura P Moon.
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 BlackRock Inc., Goldman Sachs Group Inc., Arrowstreet Capital Limited Partnership, Lazard Asset Management LLC, Northern Trust Corp, AlphaCrest Capital Management LLC, Chartwell Investment Partners LLC, and Private Management Group Inc..
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 State Street Corp, Cbre Investment Management Listed Real Assets LLC, Vanguard Group Inc., RVB Capital Management LLC, Cohen & Steers Inc., Panagora Asset Management Inc., Charles Schwab Investment Management Inc., and LDR Capital Management LLC. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Christopher Brent Smith, Dale H Taysom, and Glenn Gary Cohen.
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 $14.63.

How much money does Piedmont Office Realty Trust make?

Piedmont Office Realty Trust has a market capitalization of $1.80 billion and generates $528.71 million in revenue each year. The real estate investment trust earns $-1.15 million in net income (profit) each year or $0.40 on an earnings per share basis.

How many employees does Piedmont Office Realty Trust have?

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, via email at [email protected], or via fax at 770-418-8900.

This page was last updated on 5/27/2022 by MarketBeat.com Staff

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