Piedmont Office Realty Trust Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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.

1 Wall Street analysts have issued twelve-month price targets for Piedmont Office Realty Trust's shares. Their PDM stock forecasts range from $17.00 to $17.00. On average, they predict Piedmont Office Realty Trust's share price to reach $17.00 in the next year. This suggests a possible upside of 27.5% from the stock's current price.
View analysts' price targets for Piedmont Office Realty Trust or view top-rated stocks among Wall Street analysts.

Piedmont Office Realty Trust's stock was trading at $18.38 on January 1st, 2022. Since then, PDM stock has decreased by 27.5% and is now trading at $13.33.
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Piedmont Office Realty Trust saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,660,000 shares, an increase of 21.5% from the May 31st total of 2,190,000 shares. Based on an average trading volume of 842,900 shares, the short-interest ratio is presently 3.2 days. Approximately 2.2% of the shares of the company are short sold.
View Piedmont Office Realty Trust's Short Interest.

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.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings data on Wednesday, April, 27th. The real estate investment trust reported $0.49 earnings per share 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 the consensus estimate 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.

Piedmont Office Realty Trust announced a quarterly dividend on Wednesday, April 27th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.21 per share on Friday, June 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend is Thursday, May 26th.
View Piedmont Office Realty Trust's dividend history.

Piedmont Office Realty Trust(NYSE:PDM) pays an annual dividend of $0.84 per share and currently has a dividend yield of 6.30%. 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 40.78% 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.

Some companies that are related to Piedmont Office Realty Trust include Digital Realty Trust (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), Kilroy Realty (KRC), Douglas Emmett (DEI), Highwoods Properties (HIW), Equity Commonwealth (EQC), SL Green Realty (SLG), Corporate Office Properties Trust (OFC), Hudson Pacific Properties (HPP), Brandywine Realty Trust (BDN) and Franklin Street Properties (FSP).
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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), Host Hotels & Resorts (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."

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 $13.33.

Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $1.64 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.

Piedmont Office Realty Trust employs 134 workers across the globe.

Piedmont Office Realty Trust's mailing address is 5565 GLENRIDGE CONNECTOR STE 450, ATLANTA GA, 30342. The official website for Piedmont Office Realty Trust is www.piedmontreit.com. The real estate investment trust can be reached via phone at (770) 418-8800, via email at investor.services@piedmontreit.com, or via fax at 770-418-8900.