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S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Cassava Sciences Stock Undervalued with Its $124 Price Target?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Cassava Sciences Stock Undervalued with Its $124 Price Target?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Cassava Sciences Stock Undervalued with Its $124 Price Target?

Piedmont Office Realty Trust - PDM Stock Forecast, Price & News

$10.51
+0.33 (+3.24%)
(As of 01/27/2023 08:55 PM ET)
Add
Compare
Today's Range
$10.15
$10.56
50-Day Range
$8.80
$10.51
52-Week Range
$8.72
$18.31
Volume
915,300 shs
Average Volume
978,494 shs
Market Capitalization
$1.30 billion
P/E Ratio
32.84
Dividend Yield
7.99%
Price Target
$15.50

Piedmont Office Realty Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
47.5% Upside
$15.50 Price Target
Short Interest
Healthy
2.07% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.86mentions of Piedmont Office Realty Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.50%
From $2.00 to $1.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Finance Sector

198th out of 891 stocks

Nonresidential Building Operators Industry

2nd out of 4 stocks


PDM stock logo

About Piedmont Office Realty Trust (NYSE:PDM) Stock

Piedmont Office Realty Trust, Inc. engages in the owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. . Its activities include acquisition, investment, development, management, disposing, and ownership of commercial real estate properties throughout the United States. The company was founded on July 3, 1997 and is headquartered in Atlanta, GA.

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PDM Stock News Headlines

Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Piedmont Office Realty: My Top 2023 Stock Pick
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Piedmont Office (PDM) Q3 FFO Match Estimates
PDM Piedmont Office Realty Trust, Inc.
Piedmont Office Realty Trust, Inc. (PDM)
Piedmont Office Realty Trust Becomes Oversold
See More Headlines
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PDM Company Calendar

Last Earnings
11/02/2022
Ex-Dividend for 1/3 Dividend
11/23/2022
Dividend Payable
1/03/2023
Today
1/30/2023
Next Earnings (Confirmed)
2/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$15.50
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+47.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-1,150,000.00
Pretax Margin
7.12%

Debt

Sales & Book Value

Annual Sales
$528.71 million
Cash Flow
$1.62 per share
Book Value
$14.40 per share

Miscellaneous

Free Float
122,001,000
Market Cap
$1.30 billion
Optionable
Optionable
Beta
0.96

Social Links


Key Executives

  • C. Brent Smith
    President, Chief Executive Officer & Director
  • George M. WellsGeorge M. Wells
    Chief Operating Officer & Executive Vice President
  • Robert E. BowersRobert E. Bowers
    EVP, Chief Financial & Administrative Officer
  • Laura P. Moon
    Chief Accounting Officer & Senior Vice President
  • Robert K. Wiberg
    EVP-Northeast Region & Co-Head-Development













PDM Stock - Frequently Asked Questions

Should I buy or sell Piedmont Office Realty Trust stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PDM shares.
View PDM analyst ratings
or view top-rated stocks.

What is Piedmont Office Realty Trust's stock price forecast for 2023?

2 Wall Street analysts have issued 12 month target prices for Piedmont Office Realty Trust's stock. Their PDM share price forecasts range from $14.00 to $17.00. On average, they expect the company's stock price to reach $15.50 in the next year. This suggests a possible upside of 47.5% from the stock's current price.
View analysts price targets for PDM
or view top-rated stocks among Wall Street analysts.

How have PDM shares performed in 2023?

Piedmont Office Realty Trust's stock was trading at $9.17 at the beginning of the year. Since then, PDM stock has increased by 14.6% and is now trading at $10.51.
View the best growth stocks for 2023 here
.

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,060,000 shares, an increase of 18.4% from the November 30th total of 1,740,000 shares. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is presently 1.5 days. Currently, 1.7% of the shares of the company are short sold.
View Piedmont Office Realty Trust's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our PDM earnings forecast
.

How can I listen to Piedmont Office Realty Trust's earnings call?

Piedmont Office Realty Trust will be holding an earnings conference call on Thursday, February 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "47462".

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its quarterly earnings data on Wednesday, November, 2nd. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by $0.47. The real estate investment trust earned $144.10 million during the quarter, compared to the consensus estimate of $137.94 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 2.19% and a net margin of 7.12%.

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 Tuesday, October 25th. Shareholders of record on Friday, November 25th will be paid a dividend of $0.21 per share on Tuesday, January 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date is Wednesday, November 23rd.
Read our dividend analysis for PDM
.

Is Piedmont Office Realty Trust a good dividend stock?

Piedmont Office Realty Trust (NYSE:PDM) pays an annual dividend of $0.84 per share and currently has a dividend yield of 7.99%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 262.51%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PDM will have a dividend payout ratio of 44.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDM.

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

Piedmont Office Realty Trust issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $1.99-$2.01 for the period. The company issued revenue guidance of -.

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

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), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Spirit Realty Capital (SRC), AGNC Investment (AGNC), Apple Hospitality REIT (APLE) and Preferred Apartment Communities (APTS).

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 Strs Ohio (0.35%), Sowa Financial Group Inc. (0.21%), Merit Financial Group LLC (0.05%), Camelot Portfolios LLC (0.04%), Presima Securities ULC (0.04%) and Inspire Investing LLC (0.02%). Insiders that own company stock include Barbara B Lang, Christopher Brent Smith, Dale H Taysom, Glenn Gary Cohen, Jeffrey L Swope and Laura P Moon.
View institutional ownership trends
.

How do I buy shares of Piedmont Office Realty Trust?

Shares of PDM stock 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 $10.51.

How much money does Piedmont Office Realty Trust make?

Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $1.30 billion and generates $528.71 million in revenue each year. The real estate investment trust earns $-1,150,000.00 in net income (profit) each year or $0.32 on an earnings per share basis.

How many employees does Piedmont Office Realty Trust have?

The company employs 134 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 official website for the company 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.

This page (NYSE:PDM) was last updated on 1/30/2023 by MarketBeat.com Staff