NYSE:PDM - Piedmont Office Realty Trust Stock Price, News, & Analysis

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$20.46 -0.03 (-0.15 %)
(As of 03/19/2019 02:46 AM ET)
Previous Close$20.49
Today's Range$20.32 - $20.68
52-Week Range$16.43 - $20.94
Volume568,228 shs
Average Volume871,587 shs
Market Capitalization$2.57 billion
P/E Ratio11.83
Dividend Yield4.10%
Beta0.81
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).

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Industry, Sector and Symbol

Industry REIT - Office
Sub-IndustryOffice REITs
SectorFinance
CUSIP72019020
Phone770-418-8800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$525.97 million
Cash Flow$2.3067 per share
Book Value$13.34 per share

Profitability

Net Income$130.29 million

Miscellaneous

Employees134
Market Cap$2.57 billion
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable

Piedmont Office Realty Trust (NYSE:PDM) Frequently Asked Questions

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."

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 Tuesday, February 5th. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.21 per share on Friday, March 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Wednesday, February 27th. View Piedmont Office Realty Trust's Dividend History.

How will Piedmont Office Realty Trust's stock buyback program work?

Piedmont Office Realty Trust announced that its board has authorized a share buyback program on Sunday, June 4th 2017, which permits the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its earnings results on Tuesday, February, 5th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.09. The real estate investment trust earned $137.20 million during the quarter, compared to the consensus estimate of $125.41 million. Piedmont Office Realty Trust had a net margin of 24.77% and a return on equity of 7.47%. Piedmont Office Realty Trust's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 earnings per share. View Piedmont Office Realty Trust's Earnings History.

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

Piedmont Office Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for Piedmont Office Realty Trust.

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

Piedmont Office Realty Trust updated its FY19 earnings guidance on Tuesday, February, 5th. The company provided earnings per share (EPS) guidance of $1.74-$1.80 for the period, compared to the Thomson Reuters consensus estimate of $1.76.

What price target have analysts set for PDM?

4 analysts have issued twelve-month price objectives for Piedmont Office Realty Trust's shares. Their forecasts range from $20.00 to $23.00. On average, they expect Piedmont Office Realty Trust's stock price to reach $21.50 in the next year. This suggests a possible upside of 5.1% from the stock's current price. View Analyst Price Targets for Piedmont Office Realty Trust.

What is the consensus analysts' recommendation for Piedmont Office Realty Trust?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Piedmont Office Realty Trust.

Has Piedmont Office Realty Trust been receiving favorable news coverage?

News coverage about PDM stock has been trending negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.

Who are some of Piedmont Office Realty Trust's key 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 General Electric (GE), Brandywine Realty Trust (BDN), DDR (DDR), DuPont Fabros Technology (DFT), Huntington Bancshares (HBAN), Host Hotels and Resorts (HST), Brixmor Property Group (BRX), Vereit (VER), People's United Financial (PBCT) and Seagate Technology (STX).

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the folowing people:
  • Mr. Donald A. Miller CFA, CEO & Director (Age 56)
  • Mr. Christopher Brent Smith, Pres & Chief Investment Officer (Age 43)
  • Mr. Robert E. Bowers, Exec. VP & CFO (Age 62)
  • Mr. Carroll A. Reddic IV, Exec. VP of Real Estate Operations (Age 53)
  • Mr. Robert K. Wiberg, Exec. VP of Mid-Atlantic & Northeast Regions and Head of Devel. (Age 63)

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.64%), LSV Asset Management (5.57%), American Century Companies Inc. (4.12%), FMR LLC (3.69%), Northern Trust Corp (2.29%) and Dimensional Fund Advisors LP (1.80%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, Dale H Taysom, Jeffrey L Swope, Kelly Hefner Barrett, Laura P Moon and Wesley E Cantrell. 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 FMR LLC, Nuveen Asset Management LLC, Barclays PLC, Bank of New York Mellon Corp, Northern Trust Corp, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP and Bank of America Corp DE. View Insider Buying and Selling 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 Norges Bank, Prudential Financial Inc., Robeco Institutional Asset Management B.V., BlackRock Inc., Nordea Investment Management AB, MERIAN GLOBAL INVESTORS UK Ltd, Squarepoint Ops LLC and Boston Partners. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Christopher Brent Smith, Dale H Taysom, Jeffrey L Swope and Kelly Hefner Barrett. View Insider Buying and Selling 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, Scottrade, 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 $20.46.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.57 billion and generates $525.97 million in revenue each year. The real estate investment trust earns $130.29 million in net income (profit) each year or $1.73 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 http://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]


MarketBeat Community Rating for Piedmont Office Realty Trust (NYSE PDM)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  252 (Vote Outperform)
Underperform Votes:  426 (Vote Underperform)
Total Votes:  678
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.
This page was last updated on 3/19/2019 by MarketBeat.com Staff

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