About Piedmont Office Realty Trust (NYSE:PDM)
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select submarkets 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). For more information, see www.piedmontreit.com.
Industry, Sector and Symbol
Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
SymbolNYSE:PDM
CUSIP72019020
Phone770-418-8800
Debt
Debt-to-Equity Ratio0.87%
Current Ratio0.85%
Quick Ratio0.85%
Price-To-Earnings
Trailing P/E Ratio9.86
Forward P/E Ratio10.33
P/E Growth2.56
Sales & Book Value
Annual Sales$574.17 million
Price / Sales4.11
Cash Flow$2.2991 per share
Price / Cash7.59
Book Value$13.76 per share
Price / Book1.27
Profitability
EPS (Most Recent Fiscal Year)$1.75
Net Income$133.56 million
Net Margins23.26%
Return on Equity1.16%
Return on Assets0.58%
Miscellaneous
Employees136
Outstanding Shares135,070,000
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 declared a quarterly dividend on Wednesday, February 7th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.21 per share on Friday, March 16th. This represents a $0.84 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, February 22nd. View Piedmont Office Realty Trust's Dividend History.
How will Piedmont Office Realty Trust's stock buyback program work?
Piedmont Office Realty Trust announced that its board has authorized a stock repurchase program on Sunday, June 4th 2017, which permits the company to repurchase $250,000,000.00 in 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 a sign that the company's management believes its shares are undervalued.
How were Piedmont Office Realty Trust's earnings last quarter?
Piedmont Office Realty Trust (NYSE:PDM) announced its quarterly earnings results on Wednesday, February, 7th. The real estate investment trust reported ($0.21) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.42 by $0.63. The real estate investment trust earned $139.44 million during the quarter, compared to analysts' expectations of $136.82 million. Piedmont Office Realty Trust had a return on equity of 1.16% and a net margin of 23.26%. View Piedmont Office Realty Trust's Earnings History.
When is Piedmont Office Realty Trust's next earnings date?
What guidance has Piedmont Office Realty Trust issued on next quarter's earnings?
Piedmont Office Realty Trust issued an update on its FY17 earnings guidance on Wednesday, February, 7th. The company provided earnings per share (EPS) guidance of $1.64-1.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.75.
What price target have analysts set for PDM?
3 brokers have issued 12-month price objectives for Piedmont Office Realty Trust's stock. Their forecasts range from $20.00 to $22.00. On average, they expect Piedmont Office Realty Trust's share price to reach $20.6667 in the next year. View Analyst Ratings for Piedmont Office Realty Trust.
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, Pres, CEO & Director (Age 55)
- Mr. Robert E. Bowers, Exec. VP & CFO (Age 61)
- Mr. Carroll A. Reddic IV, Exec. VP of Real Estate Operations & Assistant Sec. (Age 52)
- Mr. Robert K. Wiberg, Head of Devel. and Exec. VP of Mid-Atlantic Region (Age 62)
- Mr. Christopher Brent Smith, Chief Investment Officer & Exec. VP of Northeast Region (Age 42)
Has Piedmont Office Realty Trust been receiving favorable news coverage?
Headlines about PDM stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Piedmont Office Realty Trust earned a media sentiment score of 0.03 on Accern's scale. They also gave media stories about the real estate investment trust an impact score of 46.08 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
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 $17.45.
How big of a company is Piedmont Office Realty Trust?
Piedmont Office Realty Trust has a market capitalization of $2.33 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.
How can I contact Piedmont Office Realty Trust?
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]
MarketBeat Community Rating for Piedmont Office Realty Trust (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.
Piedmont Office Realty Trust (NYSE:PDM) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for Piedmont Office Realty Trust in the last 12 months. Their average twelve-month price target is $20.6667, suggesting that the stock has a possible upside of 18.43%. The high price target for PDM is $22.00 and the low price target for PDM is $20.00. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Buy |
| Consensus Rating Score: | 2.00 | 2.00 | 2.33 | 2.50 |
| Ratings Breakdown: | 1 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $20.6667 | $20.6667 | $21.6667 | $22.50 |
| Price Target Upside: | 18.43% upside | 14.94% upside | 10.09% upside | 11.50% upside |
Piedmont Office Realty Trust (NYSE:PDM) Consensus Price Target History
Piedmont Office Realty Trust (NYSE:PDM) Analyst Ratings History
Show:
(Data available from 4/24/2016 forward)
Piedmont Office Realty Trust (NYSE:PDM) Dividend Information
Piedmont Office Realty Trust pays an annual dividend of $0.84 per share, with a dividend yield of 4.81%. PDM's most recent quarterly dividend payment was Friday, March 16. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 1.20% each year. Piedmont Office Realty Trust pays out 48.00% of its earnings out as a dividend.
| Most Recent Dividend: | 3/16/2018 |
| Annual Dividend: | $0.84 |
| Dividend Yield: | 4.81% |
| Dividend Growth: | 1.20% (3 Year Average) |
| Payout Ratio: | 48.00% (Trailing 12 Months of Earnings)
49.70% (Based on This Year's Estimates)
47.46% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Piedmont Office Realty Trust (NYSE:PDM) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/7/2018 | Quarterly | $0.21 | 4.78% | 2/22/2018 | 2/23/2018 | 3/16/2018 |
| 12/13/2017 | None | $0.50 | 4.16% | 12/22/2017 | 12/26/2017 | 1/9/2018 |
| 10/31/2017 | Quarterly | $0.21 | 4.26% | 11/22/2017 | 11/24/2017 | 1/4/2018 |
| 8/3/2017 | Quarterly | $0.21 | 4.11% | 8/23/2017 | 8/25/2017 | 9/15/2017 |
| 5/4/2017 | quarterly | $0.21 | 3.9% | 5/24/2017 | 5/26/2017 | 6/16/2017 |
| 2/9/2017 | Quarterly | $0.21 | 3.78% | 2/22/2017 | 2/24/2017 | 3/17/2017 |
| 11/2/2016 | Quarterly | $0.21 | | 11/22/2016 | 11/25/2016 | 1/3/2017 |
| 8/8/2016 | Quarterly | $0.21 | | 8/24/2016 | 8/26/2016 | 9/16/2016 |
| 5/3/2016 | Quarterly | $0.21 | | 5/25/2016 | 5/27/2016 | 6/17/2016 |
| 2/5/2016 | Quarterly | $0.21 | | 2/24/2016 | 2/26/2016 | 3/18/2016 |
| 11/10/2015 | Quarterly | $0.21 | | 11/24/2015 | 11/27/2015 | 12/18/2015 |
| 7/29/2015 | | $0.21 | | 8/26/2015 | 8/28/2015 | 9/18/2015 |
| 4/30/2015 | quarterly | $0.21 | 4.81% | 5/27/2015 | 5/29/2015 | 6/19/2015 |
| 2/6/2015 | quarterly | $0.21 | 4.53% | 2/25/2015 | 2/27/2015 | 3/20/2015 |
| 10/30/2014 | quarterly | $0.21 | 4.35% | 11/25/2014 | 11/28/2014 | 12/19/2014 |
| 7/31/2014 | quarterly | $0.20 | 4.11% | 8/27/2014 | 8/29/2014 | 9/19/2014 |
| 5/1/2014 | quarterly | $0.20 | 4.4% | 5/28/2014 | 5/30/2014 | 6/20/2014 |
| 2/10/2014 | quarterly | $0.20 | 4.92% | 2/26/2014 | 2/28/2014 | 3/21/2014 |
| 11/1/2013 | quarterly | $0.20 | 4.4% | 11/26/2013 | 11/29/2013 | 12/20/2013 |
| 8/6/2013 | quarterly | $0.20 | 4.49% | 8/28/2013 | 8/30/2013 | 9/20/2013 |
| 5/6/2013 | quarterly | $0.20 | 3.84% | 5/29/2013 | 5/31/2013 | 6/21/2013 |
| 3/5/2013 | quarterly | $0.20 | 4.01% | 3/7/2013 | 3/11/2013 | 3/22/2013 |
(Data available from 1/1/2013 forward)
Piedmont Office Realty Trust (NYSE PDM) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.91%
Institutional Ownership Percentage: 88.21%
Piedmont Office Realty Trust (NYSE PDM) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/13/2018 | Jeffrey L Swope | Director | Buy | 5,700 | $17.57 | $100,149.00 | |  |
| 2/12/2018 | Christopher Brent Smith | Insider | Buy | 2,800 | $17.80 | $49,840.00 | 53,027 | |
| 11/9/2017 | Wesley E Cantrell | Director | Sell | 7,500 | $20.02 | $150,150.00 | 35,973 | |
| 5/24/2017 | Laura P Moon | CAO | Sell | 7,800 | $21.64 | $168,792.00 | 24,620 | |
| 12/10/2015 | Laura P Moon | CAO | Sell | 11,000 | $18.75 | $206,250.00 | 29,515 | |
| 9/1/2015 | Donald A Miller | CEO | Buy | 7,500 | $16.72 | $125,400.00 | 490,785 | |
| 8/25/2015 | Jeffrey L Swope | Director | Buy | 5,800 | $17.25 | $100,050.00 | 20,364 | |
| 8/24/2015 | Frank C Mcdowell | Director | Buy | 10,000 | $17.50 | $175,000.00 | 46,841 | |
| 5/6/2015 | Raymond Lee Owens | EVP | Buy | 1,425 | $17.46 | $24,880.50 | | |
| 5/4/2015 | Daniel Tiberio | Director | Buy | 20,000 | $0.2950 | $5,900.00 | | |
| 4/29/2015 | Daniel Tiberio | Director | Buy | 8,500 | $0.28 | $2,380.00 | | |
| 4/24/2015 | Daniel Tiberio | Director | Buy | 10,000 | $0.2850 | $2,850.00 | | |
| 4/13/2015 | Bruce James Murray | Insider | Buy | 15,000 | $0.31 | $4,650.00 | | |
| 4/2/2015 | Bruce James Murray | Insider | Buy | 30,000 | $0.33 | $9,900.00 | | |
| 2/12/2015 | William H Keogler Jr | Director | Sell | 1,500 | $18.93 | $28,395.00 | | |
| 2/11/2015 | Jeffrey L Swope | Director | Buy | 5,400 | $18.58 | $100,332.00 | | |
| 11/25/2014 | Jeffrey L Swope | Director | Buy | 5,750 | $18.75 | $107,812.50 | | |
| 11/18/2014 | Jeffrey L Swope | Director | Buy | 5,250 | $19.17 | $100,642.50 | | |
| 11/20/2012 | W Wayne Woody | Director | Buy | 6,250 | $17.42 | $108,875.00 | | |
| 11/8/2012 | Donald S Moss | Director | Buy | 5,000 | $17.78 | $88,900.00 | | |
(Data available from 1/1/2013 forward)
Piedmont Office Realty Trust (NYSE PDM) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Sampo Group (SAXPY) versus Piedmont Office Realty Trust (PDM) Head to Head Comparison
www.americanbankingnews.com - April 23 at 3:18 PM |
| Piedmont Office Realty Trust (PDM) Expected to Announce Earnings of $0.41 Per Share
www.americanbankingnews.com - April 23 at 9:10 AM |
| Piedmont Office Realty Trust (PDM) Set to Announce Quarterly Earnings on Monday
www.americanbankingnews.com - April 23 at 4:28 AM |
| Analyzing Spirit Realty Capital (SRC) & Piedmont Office Realty Trust (PDM)
www.americanbankingnews.com - April 22 at 3:30 PM |
 | Piedmont Announces First Quarter 2018 Leasing and Capital Markets Activity
finance.yahoo.com - April 19 at 5:14 PM |
| PIEDMONT OFFICE REALTY TRUST TO REPORT FIRST QUARTER 2018 FINANCIAL RESULTS
finance.yahoo.com - April 19 at 5:14 PM |
| Analyzing Brookfield Asset Management (BAM) and Piedmont Office Realty Trust (PDM)
www.americanbankingnews.com - April 18 at 5:17 PM |
| Contrasting Spirit Realty Capital (SRC) & Piedmont Office Realty Trust (PDM)
www.americanbankingnews.com - April 17 at 3:23 PM |
| Piedmont Office Realty Trust (PDM) Downgraded by BidaskClub
www.americanbankingnews.com - April 15 at 12:34 PM |
| Brookfield Asset Management (BAM) & Piedmont Office Realty Trust (PDM) Critical Survey
www.americanbankingnews.com - April 13 at 5:21 PM |
| Piedmont Office Realty Trust (PDM) Upgraded by BidaskClub to "Sell"
www.americanbankingnews.com - April 13 at 3:51 PM |
 | Technical Perspectives on REIT Stocks -- Government Properties Income Trust, Piedmont Office Realty Trust, Select Income REIT, and Washington REIT
www.bizjournals.com - April 13 at 8:57 AM |
| Comparing Piedmont Office Realty Trust (PDM) and Brookfield Asset Management (BAM)
www.americanbankingnews.com - April 12 at 11:19 PM |
| BidaskClub Downgrades Piedmont Office Realty Trust (PDM) to Strong Sell
www.americanbankingnews.com - April 11 at 8:59 PM |
| Brookfield Asset Management (BAM) vs. Piedmont Office Realty Trust (PDM) Financial Review
www.americanbankingnews.com - April 9 at 5:23 AM |
| Piedmont Office Realty Trust (PDM) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - April 8 at 11:17 AM |
| Piedmont Office Realty Trust (PDM) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - April 8 at 5:11 AM |
| Piedmont Office Realty Trust (PDM) Expected to Post Quarterly Sales of $129.97 Million
www.americanbankingnews.com - April 8 at 3:56 AM |
| Contrasting Sampo (SAXPY) & Piedmont Office Realty Trust (PDM)
www.americanbankingnews.com - April 6 at 3:20 PM |
| Piedmont Office Realty Trust (PDM) and Sampo (SAXPY) Critical Contrast
www.americanbankingnews.com - April 5 at 5:08 PM |
| Piedmont Office Realty Trust (PDM) versus Brookfield Asset Management (BAM) Financial Contrast
www.americanbankingnews.com - April 4 at 1:25 AM |
| Piedmont Office Realty Trust (PDM) Downgraded to Hold at Zacks Investment Research
www.americanbankingnews.com - April 3 at 9:19 PM |
| Piedmont Office Realty Trust (PDM) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - April 1 at 4:48 PM |
| Piedmont Office Realty Trust (PDM) Rating Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - March 30 at 6:46 PM |
| Piedmont Office Realty Trust (PDM) Given a $21.00 Price Target by SunTrust Banks Analysts
www.americanbankingnews.com - March 26 at 8:46 PM |
| SunTrust Banks Reiterates "$20.00" Price Target for Piedmont Office Realty Trust (PDM)
www.americanbankingnews.com - March 24 at 10:54 AM |
| Stifel Nicolaus Lowers Piedmont Office Realty Trust (PDM) to Sell
www.americanbankingnews.com - March 18 at 11:25 AM |
| Piedmont Office Realty Trust, Inc. (PDM) Director Purchases $100,149.00 in Stock
www.americanbankingnews.com - March 14 at 8:10 PM |
| Piedmont Office Realty Trust, Inc. (PDM) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - March 14 at 5:37 AM |
| Piedmont Office Realty Trust, Inc. (PDM) to Post Q1 2018 Earnings of $0.41 Per Share, SunTrust Banks Forecasts
www.americanbankingnews.com - March 9 at 7:26 AM |
| FY2018 EPS Estimates for Piedmont Office Realty Trust, Inc. (PDM) Increased by Analyst
www.americanbankingnews.com - March 8 at 9:08 AM |
| Piedmont Office Realty Trust, Inc. (PDM) Short Interest Update
www.americanbankingnews.com - March 8 at 2:42 AM |
 | Piedmont Office Realty Trust (PDM) PT Lowered to $20 at SunTrust Robinson Humphrey
www.streetinsider.com - March 7 at 8:51 AM |
| HGI Capital Management LLC Acquires Shares of 109,156 Piedmont Office Realty Trust, Inc. (PDM)
www.americanbankingnews.com - March 6 at 2:21 PM |
| Merit Financial Group LLC Invests $1.06 Million in Piedmont Office Realty Trust, Inc. (PDM)
www.americanbankingnews.com - March 6 at 9:07 AM |
| Piedmont Office Realty Trust, Inc. (PDM) Expected to Announce Quarterly Sales of $131.16 Million
www.americanbankingnews.com - March 5 at 9:28 AM |
| Swiss National Bank Purchases 4,600 Shares of Piedmont Office Realty Trust, Inc. (PDM)
www.americanbankingnews.com - March 2 at 7:32 PM |
 | Piedmont Office (PDM) Presents At Wells Fargo 21st Annual Real Estate Securities Conference - Slideshow
seekingalpha.com - March 1 at 5:28 PM |
| California Public Employees Retirement System Raises Position in Piedmont Office Realty Trust, Inc. (PDM)
www.americanbankingnews.com - February 28 at 5:24 AM |
| Piedmont Office Realty Trust, Inc. (PDM) Shares Sold by Martingale Asset Management L P
www.americanbankingnews.com - February 24 at 4:08 PM |
| Piedmont Office Realty Trust Inc (PDM) Files 10-K for the Fiscal Year Ended on December 31, 2017
finance.yahoo.com - February 22 at 8:44 AM |
| Piedmont Office Realty Trust, Inc. to Issue Quarterly Dividend of $0.21 (PDM)
www.americanbankingnews.com - February 17 at 9:30 AM |
| Piedmont Office Realty Trust, Inc. (PDM) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - February 17 at 5:30 AM |
| Christopher Brent Smith Purchases 2,800 Shares of Piedmont Office Realty Trust, Inc. (PDM) Stock
www.americanbankingnews.com - February 14 at 6:32 PM |
| Piedmont Office Realty Trust (PDM) Given a $22.00 Price Target by Robert W. Baird Analysts
www.americanbankingnews.com - February 10 at 3:34 PM |
| Piedmont Office Realty Trust (PDM) Receives Hold Rating from Stifel Nicolaus
www.americanbankingnews.com - February 10 at 6:28 AM |
| DA Davidson Equities Analysts Cut Earnings Estimates for Piedmont Office Realty Trust, Inc. (PDM)
www.americanbankingnews.com - February 9 at 12:50 PM |
| Piedmont Office Realty Trust (PDM) Cut to Hold at ValuEngine
www.americanbankingnews.com - February 8 at 10:02 PM |
| Piedmont Office Realty Trust, Inc. Class A to Host Earnings Call
finance.yahoo.com - February 8 at 3:58 PM |
| Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2017 Results
finance.yahoo.com - February 8 at 8:29 AM |
Piedmont Office Realty Trust (NYSE:PDM) SEC Filings
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Piedmont Office Realty Trust (NYSE:PDM) Income Statement, Balance Sheet and Cash Flow Statement
Piedmont Office Realty Trust (NYSE PDM) Stock Chart for Tuesday, April, 24, 2018
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