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NYSE:PDMPiedmont Office Realty Trust Stock Price, Forecast & News

$16.05
-0.16 (-0.99 %)
(As of 07/16/2020 10:16 AM ET)
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Today's Range
$15.97
Now: $16.05
$16.24
50-Day Range
$15.02
MA: $16.87
$19.97
52-Week Range
$12.85
Now: $16.05
$24.78
Volume1,506 shs
Average Volume866,832 shs
Market Capitalization$2.02 billion
P/E Ratio10.77
Dividend Yield5.32%
Beta0.74
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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Piedmont Office Realty Trust logo

Beat the Market (BTM) Rank

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

2.67 out of 5 stars


Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
CUSIP72019020
Phone770-418-8800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$533.18 million
Cash Flow$3.29 per share
Book Value$14.46 per share

Profitability

Net Income$229.26 million

Miscellaneous

Employees134
Market Cap$2.02 billion
Next Earnings Date7/29/2020 (Confirmed)
OptionableOptionable

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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 18.4% and is now trading at $16.05. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

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, July 29th 2020. View our earnings forecast for Piedmont Office Realty Trust.

How can I listen to Piedmont Office Realty Trust's earnings call?

Piedmont Office Realty Trust will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings data on Wednesday, April, 29th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.02. The real estate investment trust earned $137.20 million during the quarter, compared to analysts' expectations of $121.05 million. Piedmont Office Realty Trust had a return on equity of 10.75% and a net margin of 34.94%. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior 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 declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.21 per share on Friday, June 19th. This represents a $0.84 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Thursday, May 28th. View Piedmont Office Realty Trust's dividend history.

What price target have analysts set for PDM?

4 brokers have issued 12-month price targets for Piedmont Office Realty Trust's shares. Their forecasts range from $18.00 to $22.00. On average, they anticipate Piedmont Office Realty Trust's stock price to reach $19.67 in the next twelve months. This suggests a possible upside of 22.5% 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?

News headlines about PDM stock have trended positive this week, InfoTrie reports. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public 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 2.1 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. 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 the month of 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 volume of 985,600 shares, the short-interest ratio is presently 2.4 days. Currently, 1.9% of the company's stock are short sold. View Piedmont Office Realty Trust's Current Options Chain.

Who are some of Piedmont Office Realty Trust's key competitors?

What other stocks do shareholders of Piedmont Office Realty Trust own?

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 a variety of retail and institutional investors. Top institutional investors include Sowa Financial Group Inc. (0.20%), MERIAN GLOBAL INVESTORS UK Ltd (0.19%), Envestnet Asset Management Inc. (0.05%) and Fortem Financial Group LLC (0.02%). 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 Envestnet Asset Management 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 bought by a variety of institutional investors in the last quarter, including Fortem Financial Group LLC, MERIAN GLOBAL INVESTORS UK Ltd, and Sowa Financial Group Inc.. 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 $16.05.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.02 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 7/16/2020 by MarketBeat.com Staff

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