NYSE:PDMPiedmont Office Realty Trust Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Piedmont Office Realty Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $16.29 +0.39 (+2.45 %) (As of 08/4/2020 03:17 PM ET) Add Compare Share Today's Range$15.82Now: $16.29▼$16.3150-Day Range$15.02MA: $16.16▼$17.3952-Week Range$12.85Now: $16.29▼$24.78Volume33,444 shsAverage Volume790,013 shsMarket Capitalization$2.05 billionP/E Ratio5.52Dividend Yield5.18%Beta0.71 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Piedmont 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).Read More Beat the Market (BTM) Rank™ 2.3 Analyst's Opinion Consensus RatingPiedmont Office Realty Trust has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.67, Piedmont Office Realty Trust has a potential upside of 21.3% from its current price of $16.21.Amount of Analyst CoveragePiedmont Office Realty Trust has only been the subject of 2 research reports in the past 90 days. Previous Next 1.9 Community Rank Outperform VotesPiedmont Office Realty Trust has received 312 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPiedmont Office Realty Trust has received 512 “underperform” votes. (Add your “underperform” vote.)Community SentimentPiedmont Office Realty Trust has received 62.14% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipPiedmont Office Realty Trust is a leading dividend payer. It pays a dividend yield of 5.18%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPiedmont Office Realty Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Piedmont Office Realty Trust is 46.93%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 42.86% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Piedmont Office Realty Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought $108,630.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.71% of the stock of Piedmont Office Realty Trust is held by insiders.Percentage Held by Institutions84.39% of the stock of Piedmont Office Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Piedmont Office Realty Trust are expected to grow by 1.55% in the coming year, from $1.93 to $1.96 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Piedmont Office Realty Trust is 5.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.01.Price to Earnings Ratio vs. SectorThe P/E ratio of Piedmont Office Realty Trust is 5.49, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.57.Price to Book Value per Share RatioPiedmont Office Realty Trust has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.3Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.69 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Nonresidential building operators Sub-IndustryOffice REITs SectorFinance Current SymbolNYSE:PDM Previous Symbol CUSIP72019020 CIK1042776 Webwww.piedmontreit.com Phone770-418-8800Debt Debt-to-Equity Ratio0.83 Current Ratio2.03 Quick Ratio2.03Price-To-Earnings Trailing P/E Ratio5.52 Forward P/E Ratio8.44 P/E GrowthN/A Sales & Book Value Annual Sales$533.18 million Price / Sales3.85 Cash Flow$3.25 per share Price / Cash Flow5.01 Book Value$14.46 per share Price / Book1.13Profitability EPS (Most Recent Fiscal Year)$1.79 Net Income$229.26 million Net Margins68.72% Return on Equity20.58% Return on Assets9.95%Miscellaneous Employees134 Outstanding Shares126,030,000Market Cap$2.05 billion Next Earnings Date11/4/2020 (Estimated) OptionableOptionable $16.29 +0.39 (+2.45 %) (As of 08/4/2020 03:17 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive PDM News and Ratings via Email Sign-up to receive the latest news and ratings for PDM and its competitors with MarketBeat's FREE daily newsletter. Piedmont Office Realty Trust (NYSE:PDM) Frequently Asked Questions How has Piedmont Office Realty Trust's stock been impacted by COVID-19 (Coronavirus)? Piedmont Office Realty Trust's stock was trading at $19.68 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PDM shares have decreased by 17.2% and is now trading at $16.29. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Piedmont Office Realty Trust? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Piedmont Office Realty Trust. 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, November 4th 2020. 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) released its quarterly earnings data on Wednesday, April, 29th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks' consensus estimate of $0.09 by $0.02. The real estate investment trust earned $137.20 million during the quarter, compared to the consensus estimate of $121.05 million. Piedmont Office Realty Trust had a net margin of 68.72% and a return on equity of 20.58%. Piedmont Office Realty Trust's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS. 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, July 29th. Investors of record on Friday, August 28th will be given a dividend of $0.21 per share on Friday, September 18th. This represents a $0.84 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Thursday, August 27th. View Piedmont Office Realty Trust's dividend history. What price target have analysts set for PDM? 3 analysts have issued 1-year target prices for Piedmont Office Realty Trust's shares. Their forecasts range from $18.00 to $22.00. On average, they expect Piedmont Office Realty Trust's share price to reach $19.67 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price. View analysts' price targets for Piedmont Office Realty Trust. Has Piedmont Office Realty Trust been receiving favorable news coverage? Headlines about PDM stock have trended very negative this week, according to InfoTrie. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a news impact score of -3.6 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the near term. View the latest news about Piedmont Office Realty Trust. Are investors shorting Piedmont Office Realty Trust? Piedmont Office Realty Trust saw a decrease in short interest in June. As of June 30th, there was short interest totaling 2,400,000 shares, a decrease of 10.1% from the June 15th total of 2,670,000 shares. Based on an average daily trading volume, of 985,600 shares, the short-interest ratio is currently 2.4 days. Approximately 1.9% of the shares of the stock are sold short. View Piedmont Office Realty Trust's Current Options Chain. Who are some of Piedmont Office Realty Trust's key competitors? Some companies that are related to Piedmont Office Realty Trust include DIGITAL RLTY TR/SH (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), Douglas Emmett (DEI), CoreSite Realty (COR), Highwoods Properties (HIW), Equity Commonwealth (EQC), SL Green Realty (SLG), Hudson Pacific Properties (HPP), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Mack Cali Realty (CLI) and Franklin Street Properties (FSP). View all competitors. 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 Brandywine Realty Trust (BDN), Physicians Realty Trust (DOC), Empire State Realty Trust (ESRT), AvalonBay Communities (AVB), Brixmor Property Group (BRX), Federal Realty Investment Trust (FRT), General Electric (GE), Huntington Bancshares (HBAN), Highwoods Properties (HIW) and Kimco Realty (KIM). Who are Piedmont Office Realty Trust's key executives? Piedmont Office Realty Trust's management team includes the following people: Mr. Donald A. Miller C.F.A., CFA, CEO & Director (Age 56)Mr. Christopher Brent Smith, Pres, Chief Investment Officer & Director (Age 43)Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 62)Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Head of Devel. (Age 63)Mr. Christopher A. Kollme, Exec. VP of Fin. & Strategy 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 retail and institutional investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (1.23%), Chartwell Investment Partners LLC (0.63%), Foundry Partners LLC (0.40%), Strs Ohio (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.22%) and Sowa Financial Group Inc. (0.20%). Company insiders that own Piedmont Office Realty Trust stock include Dale H Taysom, Glenn Gary Cohen and Jeffrey L Swope. 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 Robeco Institutional Asset Management B.V., Foster & Motley Inc., Clean Yield Group, UBS Group AG, Dupont Capital Management Corp, Envestnet Asset Management Inc., Bowling Portfolio Management LLC, and Raymond James Financial Services Advisors Inc.. View insider buying and selling activity for Piedmont Office Realty Trust. Which major investors are buying Piedmont Office Realty Trust stock? PDM stock was acquired by a variety of institutional investors in the last quarter, including Meritage Portfolio Management, Chartwell Investment Partners LLC, Fortem Financial Group LLC, ARP Americas LP, Denali Advisors LLC, Foundry Partners LLC, MERIAN GLOBAL INVESTORS UK Ltd, and Quantitative Systematic Strategies LLC. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Dale H Taysom, Glenn Gary Cohen, and Jeffrey L Swope. View insider buying and selling activity 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, Robinhood, 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 $16.29. How big of a company is Piedmont Office Realty Trust? Piedmont Office Realty Trust has a market capitalization of $2.05 billion and generates $533.18 million in revenue each year. The real estate investment trust earns $229.26 million in net income (profit) each year or $1.79 on an earnings per share basis. 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 or via email at [email protected] This page was last updated on 8/4/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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