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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PDM shares.
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1 brokerages have issued 1-year target prices for Piedmont Office Realty Trust's shares. Their PDM share price forecasts range from $17.00 to $17.00. On average, they predict the company's share price to reach $17.00 in the next year. This suggests a possible upside of 61.0% from the stock's current price.
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Piedmont Office Realty Trust's stock was trading at $18.38 at the start of the year. Since then, PDM shares have decreased by 42.5% and is now trading at $10.56.
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Piedmont Office Realty Trust saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,110,000 shares, a drop of 16.9% from the August 15th total of 2,540,000 shares. Based on an average daily volume of 726,400 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our PDM earnings forecast.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) released its earnings results on Wednesday, July, 27th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by $0.44. The real estate investment trust earned $136.31 million during the quarter, compared to the consensus estimate of $137.32 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 2.60% and a net margin of 8.77%.

Piedmont Office Realty Trust declared a quarterly dividend on Wednesday, July 27th. Stockholders of record on Friday, August 26th will be paid a dividend of $0.21 per share on Friday, September 16th. This represents a $0.84 annualized dividend and a yield of 7.95%. The ex-dividend date is Thursday, August 25th.
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 8.16%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 221.05%. 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 40.98% 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 updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $1.99-$2.05 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."

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 $10.56.

Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $1.30 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 $0.38 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.