NYSE:PDM - Piedmont Office Realty Trust Stock Price, Price Target & More

Piedmont Office Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDM."

Piedmont Office Realty Trust announced a quarterly dividend on Tuesday, May 1st. Investors of record on Wednesday, May 23rd will be paid a dividend of $0.21 per share on Friday, June 15th. This represents a $0.84 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Tuesday, May 22nd. View Piedmont Office Realty Trust's Dividend History.

Piedmont Office Realty Trust announced that its board has initiated a share repurchase plan on Sunday, June 4th 2017, which authorizes the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) posted its quarterly earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The real estate investment trust had revenue of $129.90 million for the quarter, compared to analysts' expectations of $131.38 million. Piedmont Office Realty Trust had a return on equity of 3.33% and a net margin of 31.73%. Piedmont Office Realty Trust's revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. View Piedmont Office Realty Trust's Earnings History.

Piedmont Office Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Piedmont Office Realty Trust.

Piedmont Office Realty Trust updated its FY18 earnings guidance on Tuesday, May, 1st. The company provided earnings per share (EPS) guidance of $1.68-1.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.69.

3 Wall Street analysts have issued twelve-month price objectives for Piedmont Office Realty Trust's shares. Their predictions range from $20.00 to $22.00. On average, they anticipate Piedmont Office Realty Trust's share price to reach $20.6667 in the next twelve months. View Analyst Ratings for Piedmont Office Realty Trust.

Some companies that are related to Piedmont Office Realty Trust include Forest City Realty Trust (FCE.A), Spirit Realty Capital (SRC), IRSA Propiedades Comerciales (IRCP), J.W. Mays (MAYS), Gyrodyne (GYRO), AmBase (ABCP) and Elbit Imaging (EMITF).

News stories about PDM stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Piedmont Office Realty Trust earned a news sentiment score of 0.18 on Accern's scale. They also gave news articles about the real estate investment trust an impact score of 45.35 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Piedmont Office Realty Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.26%), LSV Asset Management (5.03%), American Century Companies Inc. (4.64%), Northern Trust Corp (2.99%), Brookfield Asset Management Inc. (2.91%) and Dimensional Fund Advisors LP (1.92%). 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.

PDM stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Prudential Financial Inc., Millennium Management LLC, Systematic Financial Management LP, Wells Fargo & Company MN, American Century Companies Inc., Amundi Pioneer Asset Management Inc. and Asset Management One Co. Ltd.. View Insider Buying and Selling for Piedmont Office Realty Trust.

PDM stock was purchased by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Northern Trust Corp, JPMorgan Chase & Co., Matarin Capital Management LLC, Mackay Shields LLC, Teachers Insurance & Annuity Association of America, OMERS ADMINISTRATION Corp and Chicago Equity Partners LLC. 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.

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.

One share of PDM stock can currently be purchased for approximately $19.38.

Piedmont Office Realty Trust has a market capitalization of $2.47 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.

Piedmont Office Realty Trust's mailing address is 11695 JOHNS CREEK PARKWAY STE 350, JOHNS CREEK GA, 30097. The real estate investment trust can be reached via phone at 770-418-8800 or via email at [email protected]