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).
Industry, Sector and Symbol
Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
Phone770-418-8800
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$574.17 million
Profitability
Miscellaneous
Employees136
OptionableOptionable
Piedmont Office Realty Trust (NYSE:PDM) Frequently Asked Questions
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 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 Thursday, November 1st. Stockholders of record on Friday, November 30th will be paid a dividend of $0.21 per share on Thursday, January 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, November 29th. View Piedmont Office Realty Trust's Dividend History.
How will Piedmont Office Realty Trust's stock buyback program work?
Piedmont Office Realty Trust declared that its Board of Directors has authorized a share repurchase program on Sunday, June 4th 2017, which permits the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.
How were Piedmont Office Realty Trust's earnings last quarter?
Piedmont Office Realty Trust, Inc. (NYSE:PDM) posted its quarterly earnings data on Tuesday, October, 30th. The real estate investment trust reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. The real estate investment trust had revenue of $129.71 million for the quarter, compared to analysts' expectations of $127.24 million. Piedmont Office Realty Trust had a net margin of 10.13% and a return on equity of 2.95%. During the same period in the prior year, the company earned $0.42 EPS. View Piedmont Office Realty Trust's Earnings History.
When is Piedmont Office Realty Trust's next earnings date?
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 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8666826100.
What guidance has Piedmont Office Realty Trust issued on next quarter's earnings?
Piedmont Office Realty Trust issued an update on its FY18 earnings guidance on Tuesday, October, 30th. The company provided earnings per share guidance of $1.70-1.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.71.
What price target have analysts set for PDM?
4 brokers have issued twelve-month price targets for Piedmont Office Realty Trust's stock. Their predictions range from $20.00 to $23.00. On average, they expect Piedmont Office Realty Trust's share price to reach $21.6667 in the next year. This suggests a possible upside of 17.9% from the stock's current price. View Analyst Price Targets for Piedmont Office Realty Trust.
What is the consensus analysts' recommendation 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." View Analyst Ratings for Piedmont Office Realty Trust.
Has Piedmont Office Realty Trust been receiving favorable news coverage?
Headlines about PDM stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.
Who are some of Piedmont Office Realty Trust's key competitors?
Who are Piedmont Office Realty Trust's key executives?
Piedmont Office Realty Trust's management team includes the folowing people:
- Mr. Donald A. Miller CFA, CEO & Director (Age 56)
- Mr. Christopher Brent Smith, Pres & Chief Investment Officer (Age 43)
- Mr. Robert E. Bowers, Exec. VP & CFO (Age 62)
- Mr. Carroll A. Reddic IV, Exec. VP of Real Estate Operations (Age 53)
- Mr. Robert K. Wiberg, Head of Devel. & Exec. VP of Mid-Atlantic Region (Age 63)
Who are Piedmont Office Realty Trust's major shareholders?
Piedmont Office Realty Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include Meeder Asset Management Inc. (0.05%), State of Alaska Department of Revenue (0.03%) and Nisa Investment Advisors LLC (0.02%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, Dale H Taysom, Jeffrey L Swope, Kelly Hefner Barrett, Laura P Moon and Wesley E Cantrell. View Institutional Ownership Trends for Piedmont Office Realty Trust.
Which institutional investors are buying Piedmont Office Realty Trust stock?
PDM stock was purchased by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Meeder Asset Management Inc. and State of Alaska Department of Revenue. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Christopher Brent Smith, Dale H Taysom, Jeffrey L Swope and Kelly Hefner Barrett. View Insider Buying and Selling 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, Scottrade, 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 $18.37.
How big of a company is Piedmont Office Realty Trust?
Piedmont Office Realty Trust has a market capitalization of $2.36 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.
What is Piedmont Office Realty Trust's official website?
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]
MarketBeat Community Rating for Piedmont Office Realty Trust (NYSE PDM)
MarketBeat's community ratings are surveys of what our community members think about Piedmont Office Realty Trust and other stocks. Vote "Outperform" if you believe PDM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PDM will underperform the S&P 500 over the long term. You may vote once every thirty days.
