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

$16.59
+0.03 (+0.18 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$16.47
Now: $16.59
$17.15
50-Day Range
$13.60
MA: $16.54
$19.97
52-Week Range
$12.85
Now: $16.59
$24.78
Volume458,562 shs
Average Volume883,106 shs
Market Capitalization$2.09 billion
P/E Ratio11.13
Dividend Yield5.06%
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$3.23 per share
Book Value$14.46 per share

Profitability

Net Income$229.26 million

Miscellaneous

Employees134
Market Cap$2.09 billion
Next Earnings Date7/29/2020 (Estimated)
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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PDM stock has decreased by 15.7% and is now trading at $16.59. 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 were Piedmont Office Realty Trust's earnings last quarter?

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its earnings results on Wednesday, April, 29th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.02. The real estate investment trust had revenue of $137.20 million for the quarter, compared to the consensus estimate of $121.05 million. Piedmont Office Realty Trust had a return on equity of 10.75% and a net margin of 34.94%. The company's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous 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 announced a quarterly dividend on Wednesday, April 29th. Shareholders 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 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend 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 target prices 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 stock price to reach $19.67 in the next twelve months. This suggests a possible upside of 18.5% 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?

Media headlines about PDM stock have trended negative this week, InfoTrie reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Piedmont Office Realty Trust earned a news sentiment score of -2.2 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the immediate future. View the latest news about Piedmont Office Realty Trust.

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."

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 $16.59.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.09 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 7/5/2020 by MarketBeat.com Staff

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