NYSE:PDM - Piedmont Office Realty Trust Stock Price, Price Target & More

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

Piedmont Office Realty Trust announced a quarterly dividend on Tuesday, May 1st. Investors of record on Wednesday, May 23rd will be given a dividend of $0.21 per share on Friday, June 15th. This represents a $0.84 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Tuesday, May 22nd. View Piedmont Office Realty Trust's Dividend History.

Piedmont Office Realty Trust declared that its Board of Directors has initiated a share buyback program on Sunday, June 4th 2017, which allows the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) released its quarterly earnings data on Tuesday, May, 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.02. The real estate investment trust had revenue of $129.90 million for the quarter, compared to analyst estimates of $131.38 million. Piedmont Office Realty Trust had a return on equity of 3.33% and a net margin of 31.73%. Piedmont Office Realty Trust's revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. View Piedmont Office Realty Trust's Earnings History.

Piedmont Office Realty Trust is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Piedmont Office Realty Trust.

Piedmont Office Realty Trust updated its FY18 earnings guidance on Tuesday, May, 1st. The company provided EPS guidance of $1.68-1.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.69.

4 equities research analysts have issued twelve-month price targets for Piedmont Office Realty Trust's shares. Their predictions range from $20.00 to $23.00. On average, they anticipate Piedmont Office Realty Trust's share price to reach $21.25 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price. View Analyst Ratings 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 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Piedmont Office Realty Trust include Forest City Realty Trust (FCE.A), Spirit Realty Capital (SRC), IRSA Propiedades Comerciales (IRCP), J.W. Mays (MAYS), Gyrodyne (GYRO), AmBase (ABCP) and Elbit Imaging (EMITF).

News articles about PDM stock have been trending somewhat negative on Wednesday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Piedmont Office Realty Trust earned a media sentiment score of -0.15 on Accern's scale. They also assigned news articles about the real estate investment trust an impact score of 46.56 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Piedmont Office Realty Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.43%), Westpac Banking Corp (0.11%), Pendal Group Ltd (0.11%), State of Alaska Department of Revenue (0.02%) and Atria Investments LLC (0.01%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, Jeffrey L Swope, Kelly Hefner Barrett, Laura P Moon and Wesley E Cantrell. View Institutional Ownership Trends for Piedmont Office Realty Trust.

PDM stock was sold by a variety of institutional investors in the last quarter, including Pendal Group Ltd, Westpac Banking Corp and State of Alaska Department of Revenue. View Insider Buying and Selling for Piedmont Office Realty Trust.

PDM stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can and Atria Investments LLC. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Christopher Brent Smith, Jeffrey L Swope and Kelly Hefner Barrett. View Insider Buying and Selling for 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.

One share of PDM stock can currently be purchased for approximately $19.47.

Piedmont Office Realty Trust has a market capitalization of $2.56 billion and generates $574.17 million in revenue each year. The real estate investment trust earns $133.56 million in net income (profit) each year or $1.75 on an earnings per share basis. Piedmont Office Realty Trust employs 136 workers across the globe.

Piedmont Office Realty Trust's mailing address is 11695 JOHNS CREEK PARKWAY STE 350, JOHNS CREEK GA, 30097. The real estate investment trust can be reached via phone at 770-418-8800 or via email at [email protected]