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NYSE:PDM

Piedmont Office Realty Trust Stock Forecast, Price & News

$15.72
+0.07 (+0.45 %)
(As of 01/28/2021 10:02 AM ET)
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Today's Range
$15.66
Now: $15.72▼
$15.79
50-Day Range
$15.18
MA: $16.04▼
$16.83
52-Week Range
$11.26
Now: $15.72▼
$24.78
Volume3,952 shs
Average Volume670,169 shs
Market Capitalization$1.98 billion
P/E Ratio5.33
Dividend Yield5.17%
Beta1.01
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $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 markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
Piedmont Office Realty Trust logo

MarketRank™

Overall MarketRank™

2.30 out of 5 stars

Finance Sector

100th out of 1,937 stocks

Nonresidential Building Operators Industry

1st out of 11 stocks

Analyst Opinion: 3.3Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNYSE:PDM
Previous Symbol
CUSIP72019020
CIK1042776
Webwww.piedmontreit.com
Phone770-418-8800
Employees134
Year FoundedN/A

Debt

Debt-to-Equity Ratio0.84
Current Ratio1.59
Quick Ratio1.59

Price-To-Earnings

Trailing P/E Ratio5.33
Forward P/E Ratio8.32
P/E GrowthN/A

Sales & Book Value

Annual Sales$533.18 million
Price / Sales3.72
Cash Flow$3.23 per share
Price / Cash Flow4.87
Book Value$14.46 per share
Price / Book1.09

Profitability

EPS (Most Recent Fiscal Year)$1.79
Net Income$229.26 million
Net Margins69.29%
Return on Equity19.92%
Return on Assets9.96%

Miscellaneous

Outstanding Shares126,029,000
Market Cap$1.98 billion
Next Earnings Date2/10/2021 (Confirmed)
OptionableOptionable
$15.72
+0.07 (+0.45 %)
(As of 01/28/2021 10:02 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PDM shares have decreased by 20.5% and is now trading at $15.65.
View which stocks have been most impacted by COVID-19.

Is Piedmont Office Realty Trust a buy right now?

3 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 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Piedmont Office Realty Trust stock.
View analyst ratings for Piedmont Office Realty Trust or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Piedmont Office Realty Trust?

Wall Street analysts have given Piedmont Office Realty Trust a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Piedmont Office Realty Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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, February 10th 2021.
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, February 10th 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) posted its quarterly earnings data on Thursday, October, 29th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.47 by $0.40. The real estate investment trust earned $131.69 million during the quarter, compared to analysts' expectations of $132.16 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 19.92% and a net margin of 69.29%. The business's revenue was down 2.8% on a year-over-year basis. During the same period last year, the business posted $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, October 28th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.21 per share on Monday, January 4th. This represents a $0.84 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Wednesday, November 25th.
View Piedmont Office Realty Trust's dividend history.

Is Piedmont Office Realty Trust a good dividend stock?

Piedmont Office Realty Trust pays an annual dividend of $0.84 per share and currently has a dividend yield of 5.17%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Piedmont Office Realty Trust does not yet have a strock track record of dividend growth. The dividend payout ratio of Piedmont Office Realty Trust is 46.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 45.16% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend.
View Piedmont Office Realty Trust's dividend history.

What price target have analysts set for PDM?

3 Wall Street analysts have issued twelve-month price targets for Piedmont Office Realty Trust's stock. Their forecasts range from $18.00 to $22.00. On average, they anticipate Piedmont Office Realty Trust's share price to reach $19.67 in the next year. This suggests a possible upside of 25.7% from the stock's current price.
View analysts' price targets for Piedmont Office Realty Trust or view Wall Street analyst' top-rated stocks.

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

Some companies that are related to Piedmont Office Realty Trust include Digital Realty Trust (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), CoreSite Realty (COR), Douglas Emmett (DEI), SL Green Realty (SLG), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Mack-Cali Realty (CLI) and Franklin Street Properties (FSP).
View all of PDM's 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 STORE Capital (STOR), VEREIT (VER), Brandywine Realty Trust (BDN), (HST), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Spirit Realty Capital (SRC), AGNC Investment (AGNC), Apple Hospitality REIT (APLE) and Preferred Apartment Communities (APTS).

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the following people:
  • Mr. Christopher Brent Smith, Pres, CEO & Director (Age 45, Pay $1.41M)
  • Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 64, Pay $1.02M)
  • Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Head of Devel. (Age 65, Pay $640.16k)
  • Mr. Thomas R. Prescott, Exec. VP of Midwest Region (Age 64, Pay $570.16k)
  • Mr. Christopher A. Kollme, Exec. VP of Fin. & Strategy (Age 50, Pay $729.91k)
  • Ms. Laura P. Moon, Chief Accounting Officer & Sr. VP (Age 50)
  • Mr. Edward H. Guilbert III, Exec. VP of Fin., Treasurer & Assistant Sec. (Age 45)
  • Thomas A. McKean, Sr. VP, Associate Gen. Counsel & Corp. Sec.
  • Ms. Lisa M. Tyler, VP of Human Resource
  • Mr. George M. Wells, Exec. VP of Real Estate Operations (Age 58)

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 many different institutional and retail investors. Top institutional shareholders include Strs Ohio (0.30%), Sowa Financial Group Inc. (0.20%), Denali Advisors LLC (0.18%), Nisa Investment Advisors LLC (0.05%), HGK Asset Management Inc. (0.03%) and Csenge Advisory Group (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 institutional investors are selling Piedmont Office Realty Trust stock?

PDM stock was sold by a variety of institutional investors in the last quarter, including Csenge Advisory Group, Strs Ohio, and CWM LLC.
View insider buying and selling activity for Piedmont Office Realty Trust or view top insider-selling stocks.

Which institutional investors are buying Piedmont Office Realty Trust stock?

PDM stock was acquired by a variety of institutional investors in the last quarter, including Denali Advisors LLC, Accel Wealth Management, HGK Asset Management Inc., Nisa Investment Advisors LLC, Sowa Financial Group Inc., and First Hawaiian Bank. 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 or or view top insider-buying stocks.

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 WeBull, 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 $15.65.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $1.97 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 1/28/2021 by MarketBeat.com Staff
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