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

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$19.86 +0.10 (+0.51 %)
(As of 08/16/2018 10:49 AM ET)
Previous Close$19.78
Today's Range$19.76 - $19.87
52-Week Range$16.69 - $20.57
Volume6,231 shs
Average Volume1.33 million shs
Market Capitalization$2.54 billion
P/E Ratio11.29
Dividend Yield4.29%
Beta0.61
Piedmont Office Realty Trust logoPiedmont 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). For more information, see www.piedmontreit.com.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
SymbolNYSE:PDM
CUSIP72019020
Phone770-418-8800

Debt

Debt-to-Equity Ratio0.99
Current Ratio2.07
Quick Ratio2.07

Price-To-Earnings

Trailing P/E Ratio11.29
Forward P/E Ratio11.68
P/E Growth2.9

Sales & Book Value

Annual Sales$574.17 million
Price / Sales4.44
Cash Flow$2.2880 per share
Price / Cash8.68
Book Value$13.76 per share
Price / Book1.44

Profitability

EPS (Most Recent Fiscal Year)$1.75
Net Income$133.56 million
Net Margins30.50%
Return on Equity2.81%
Return on Assets1.41%

Miscellaneous

Employees136
Outstanding Shares128,370,000
Market Cap$2.54 billion

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 Wednesday, August 1st. Stockholders of record on Friday, August 31st will be paid a dividend of $0.21 per share on Friday, September 21st. This represents a $0.84 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, August 30th. View Piedmont Office Realty Trust's Dividend History.

How will Piedmont Office Realty Trust's stock buyback program work?

Piedmont Office Realty Trust announced that its board has approved a share repurchase program on Sunday, June 4th 2017, which allows the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its earnings results on Wednesday, August, 1st. The real estate investment trust reported $0.09 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.10 by $0.01. The real estate investment trust had revenue of $129.17 million for the quarter, compared to the consensus estimate of $125.15 million. Piedmont Office Realty Trust had a net margin of 30.50% and a return on equity of 2.81%. During the same period last year, the firm posted $0.46 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, November, 7th 2018. 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 issued an update on its FY18 earnings guidance on Wednesday, August, 1st. The company provided earnings per share (EPS) guidance of $1.69-1.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.70.

What price target have analysts set for PDM?

4 Wall Street analysts have issued 12-month price targets for Piedmont Office Realty Trust's shares. Their predictions range from $20.00 to $23.00. On average, they expect Piedmont Office Realty Trust's share price to reach $21.25 in the next year. This suggests a possible upside of 7.3% 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?

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

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

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the folowing people:
  • Mr. Donald A. Miller CFA, Pres, CEO & Director (Age 55)
  • Mr. Robert E. Bowers, Exec. VP & CFO (Age 61)
  • Mr. Christopher Brent Smith, Chief Investment Officer & Exec. VP of Northeast Region (Age 42)
  • Mr. Carroll A. Reddic IV, Exec. VP of Real Estate Operations (Age 52)
  • Mr. Robert K. Wiberg, Head of Devel. & Exec. VP of Mid-Atlantic Region (Age 62)

Has Piedmont Office Realty Trust been receiving favorable news coverage?

News headlines about PDM stock have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Piedmont Office Realty Trust earned a news and rumor sentiment score of 0.19 on Accern's scale. They also gave press coverage about the real estate investment trust an impact score of 46.25 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Piedmont Office Realty Trust.

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.36%), LSV Asset Management (5.66%), FMR LLC (4.45%), American Century Companies Inc. (3.89%), Cbre Clarion Securities LLC (3.85%) and AEW Capital Management L P (3.50%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, Jeffrey L Swope, Kelly Hefner Barrett, Laura P Moon and Wesley E Cantrell. View Institutional Ownership Trends for Piedmont Office Realty Trust.

Which major investors are selling Piedmont Office Realty Trust stock?

PDM stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., FMR LLC, Morgan Stanley, Systematic Financial Management LP, First Trust Advisors LP, AEW Capital Management L P, Mackay Shields LLC and Renaissance Technologies LLC. View Insider Buying and Selling for Piedmont Office Realty Trust.

Which major investors are buying Piedmont Office Realty Trust stock?

PDM stock was bought by a variety of institutional investors in the last quarter, including Cbre Clarion Securities LLC, BlackRock Inc., Cornerstone Wealth Management LLC, Mesirow Financial Investment Management Equity Management, LSV Asset Management, First Quadrant L P CA, Schwab Charles Investment Management Inc. and Bank of Montreal Can. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Christopher Brent Smith, 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, Scottrade, 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 $19.81.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.54 billion and generates $574.17 million in revenue each year. The real estate investment trust earns $133.56 million in net income (profit) each year or $1.75 on an earnings per share basis. Piedmont Office Realty Trust employs 136 workers across the globe.

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:  231 (Vote Outperform)
Underperform Votes:  380 (Vote Underperform)
Total Votes:  611
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 8/16/2018 by MarketBeat.com Staff

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