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. Shareholders of record on Wednesday, May 23rd will be given a dividend of $0.21 per share on Friday, June 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Tuesday, May 22nd. View Piedmont Office Realty Trust's Dividend History.

Piedmont Office Realty Trust declared that its board has authorized a stock buyback plan on Sunday, June 4th 2017, which allows the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Piedmont Office Realty Trust (NYSE:PDM) released its quarterly earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.41 by $0.02. The real estate investment trust earned $129.90 million during the quarter, compared to the consensus estimate of $131.38 million. Piedmont Office Realty Trust had a return on equity of 3.33% and a net margin of 31.73%. The firm's revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the previous year, the firm 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 brokerages have issued twelve-month target prices for Piedmont Office Realty Trust's shares. Their forecasts range from $20.00 to $22.00. On average, they expect Piedmont Office Realty Trust's stock price to reach $20.6667 in the next year. 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), Alto Palermo (IRCP), J.W. Mays (MAYS), Gyrodyne Company of America (GYRO), Elbit Imaging (EMITF) and Ambase (ABCP).

Media stories about PDM stock have been trending somewhat positive on Monday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public 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 daily sentiment score of 0.16 on Accern's scale. They also gave media coverage about the real estate investment trust an impact score of 46.29 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Piedmont Office Realty Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors 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.. Company insiders that have sold Piedmont Office Realty Trust company stock in the last year include Laura P Moon and Wesley E Cantrell. View Insider Buying and Selling for Piedmont Office Realty Trust.

PDM stock was bought 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 $18.31.

Piedmont Office Realty Trust has a market capitalization of $2.30 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]