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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PDM shares.
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2 brokerages have issued 1 year price targets for Piedmont Office Realty Trust's shares. Their PDM share price forecasts range from $14.00 to $17.00. On average, they expect the company's share price to reach $15.50 in the next twelve months. This suggests a possible upside of 45.0% from the stock's current price.
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Piedmont Office Realty Trust's stock was trading at $9.17 on January 1st, 2023. Since then, PDM shares have increased by 16.6% and is now trading at $10.69.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our PDM earnings forecast.

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".

Piedmont Office Realty Trust, Inc. (NYSE:PDM) released its quarterly earnings results on Wednesday, October, 27th. The real estate investment trust reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The real estate investment trust earned $131.10 million during the quarter, compared to analysts' expectations of $130.87 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 2.19% and a net margin of 7.12%. The firm's revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS.

Piedmont Office Realty Trust declared a quarterly dividend on Wednesday, February 1st. Investors of record on Friday, February 24th will be given a dividend of $0.21 per share on Friday, March 17th. This represents a $0.84 annualized dividend and a yield of 7.86%. The ex-dividend date is Thursday, February 23rd.
Read our dividend analysis for PDM.

Piedmont Office Realty Trust (NYSE:PDM) pays an annual dividend of $0.84 per share and currently has a dividend yield of 7.86%. 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 44.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDM.

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

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).

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

Piedmont Office Realty Trust's stock is owned by many different retail and institutional investors. Top institutional shareholders include Private Management Group Inc. (1.79%), Strs Ohio (0.35%), Sowa Financial Group Inc. (0.21%), Sumitomo Mitsui Trust Holdings Inc. (0.15%), New York State Common Retirement Fund (0.09%) and Merit Financial Group LLC (0.05%). 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.
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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.
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One share of PDM stock can currently be purchased for approximately $10.69.

Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $1.32 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.

The company 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 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.