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. Stockholders of record on Wednesday, May 23rd will be paid a dividend of $0.21 per share on Friday, June 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Tuesday, May 22nd. View Piedmont Office Realty Trust's Dividend History.

Piedmont Office Realty Trust declared that its board has initiated a stock repurchase program on Sunday, June 4th 2017, which permits the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.43 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.41 by $0.02. The real estate investment trust had revenue of $129.90 million for the quarter, compared to analysts' expectations of $131.38 million. Piedmont Office Realty Trust had a return on equity of 3.33% and a net margin of 31.73%. The company's revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 earnings per share. 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 issued an update on its FY18 earnings guidance on Tuesday, May, 1st. The company provided earnings per share (EPS) guidance of $1.68-1.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.69.

4 Wall Street analysts have issued 12-month price objectives for Piedmont Office Realty Trust's stock. Their forecasts range from $20.00 to $23.00. On average, they expect Piedmont Office Realty Trust's stock price to reach $21.25 in the next twelve months. This suggests a possible upside of 7.3% 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 stories about PDM stock have been trending somewhat negative recently, according to Accern Sentiment. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Piedmont Office Realty Trust earned a media sentiment score of -0.06 on Accern's scale. They also gave news stories about the real estate investment trust an impact score of 47.74 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Piedmont Office Realty Trust's stock is owned by a number of of retail and institutional 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%), Amalgamated Bank (0.01%) and Hartford Investment Management Co. (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, State of Alaska Department of Revenue and Amalgamated Bank. View Insider Buying and Selling for Piedmont Office Realty Trust.

PDM stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Hartford Investment Management Co. 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 $19.80.

Piedmont Office Realty Trust has a market capitalization of $2.53 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]