NYSE:PDM Piedmont Office Realty Trust Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Piedmont Office Realty Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $13.33 +0.21 (+1.60%) (As of 07/1/2022 12:00 AM ET) Add Compare Share Today's Range$13.01▼$13.3850-Day Range$12.81▼$16.8952-Week Range$12.69▼$19.84Volume897,282 shsAverage Volume837,682 shsMarket Capitalization$1.64 billionP/E Ratio33.33Dividend Yield6.40%Price TargetN/A ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Piedmont Office Realty Trust Stock Forecast (MarketRank)Analyst RatingN/AUpside/DownsideN/AShort InterestHealthy2.18% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment-0.07Based on 4 Articles This WeekInsider TradingSelling Shares$122.72 K Sold Last QuarterProj. Earnings Growth2.45%From $2.04 to $2.09 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.1.52 out of 5 starsFinance Sector758th out of 1,393 stocksNonresidential Building Operators Industry3rd out of 6 stocks 0.0 Analyst's Opinion Consensus RatingThere is not enough analysis data for Piedmont Office Realty Trust. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.18% of the float of Piedmont Office Realty Trust has been sold short.Short Interest Ratio / Days to CoverPiedmont Office Realty Trust has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Piedmont Office Realty Trust has recently increased by 21.46%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipPiedmont Office Realty Trust is a leading dividend payer. It pays a dividend yield of 6.40%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPiedmont Office Realty Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Piedmont Office Realty Trust is 210.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 40.19% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PDM. Previous Next 2.2 News and Social Media Coverage News SentimentPiedmont Office Realty Trust has a news sentiment score of -0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Piedmont Office Realty Trust this week, compared to 1 article on an average week.Search Interest6 people have searched for PDM on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat Follows1 people have added Piedmont Office Realty Trust to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Piedmont Office Realty Trust insiders have sold 27.86% more of their company's stock than they have bought. Specifically, they have bought $95,980.00 in company stock and sold $122,718.00 in company stock.Percentage Held by InsidersOnly 1.13% of the stock of Piedmont Office Realty Trust is held by insiders.Percentage Held by Institutions82.61% of the stock of Piedmont Office Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Piedmont Office Realty Trust are expected to grow by 2.45% in the coming year, from $2.04 to $2.09 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Piedmont Office Realty Trust is 33.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 54.24.Price to Earnings Ratio vs. SectorThe P/E ratio of Piedmont Office Realty Trust is 33.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 67.66.Price to Book Value per Share RatioPiedmont Office Realty Trust has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PDM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Piedmont Office Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address About Piedmont Office Realty Trust (NYSE:PDM)Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $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 markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.Read More PDM Stock News HeadlinesJuly 1, 2022 | americanbankingnews.comPiedmont Office Realty Trust (NYSE:PDM) Price Target Cut to $17.00 by Analysts at Truist FinancialJune 11, 2022 | americanbankingnews.comPiedmont Office Realty Trust (NYSE:PDM) Hits New 52-Week Low at $14.02June 8, 2022 | finance.yahoo.comPiedmont Office Realty Trust Selected as a 2022 Green Lease LeaderMay 21, 2022 | finance.yahoo.comIs Piedmont Office Realty Trust, Inc.'s (NYSE:PDM) Stock Price Struggling As A Result Of Its Mixed Financials?May 18, 2022 | finance.yahoo.comKimley-Horn grows downtown office footprint significantly with a 'whale' of a new leaseMay 11, 2022 | finance.yahoo.comPiedmont Office Realty Trust Leases Kimley-Horn Over 60,000 Square Feet in Downtown OrlandoMay 2, 2022 | nasdaq.comWill Insiders Be Tempted To Buy More PDM At The New 52-Week Low?May 2, 2022 | seekingalpha.comPiedmont Office Realty Trust, Inc. 2022 Q1 - Results - Earnings Call PresentationApril 28, 2022 | finance.yahoo.comInvestors five-year losses grow to 1.3% as the stock sheds US$84m this past weekApril 27, 2022 | finance.yahoo.comPiedmont Office (PDM) Meets Q1 FFO EstimatesApril 18, 2022 | nasdaq.comFirst Week of December 16th Options Trading For Piedmont Office Realty Trust nc (PDM)April 12, 2022 | finance.yahoo.comPiedmont Office Realty Trust, Inc to Report First Quarter 2022 Financial ResultsMarch 30, 2022 | finance.yahoo.comPiedmont Office Realty Trust Awarded The WELL Health-Safety Rating for Entire PortfolioMarch 29, 2022 | finance.yahoo.comPiedmont Office Realty Trust Announces Receipt of Proceeds From Payoff of New Jersey Notes ReceivableMarch 25, 2022 | seekingalpha.comPiedmont Office Realty Trust: Continued MediocrityMarch 23, 2022 | finance.yahoo.comLeading Provider of Construction Systems Chooses Piedmont’s Atlanta Galleria for New Corporate HeadquartersMarch 17, 2022 | finance.yahoo.comPiedmont Office Realty Trust Secures Large Renewal in Irving, TXMarch 17, 2022 | finance.yahoo.comPalladium One Reports Drill Assay Results for Murtolampi, Finland, 2.1 g/t Pd_Eq over 24.2 Meters at SurfaceFebruary 26, 2022 | finance.yahoo.comGlenn Cohen Is The Independent Director of Piedmont Office Realty Trust, Inc. (NYSE:PDM) And They Just Picked Up 40% More SharesFebruary 10, 2022 | seekingalpha.comPiedmont Office Realty Trust's (PDM) CEO Brent Smith on Q4 2021 Results - Earnings Call TranscriptFebruary 8, 2022 | finance.yahoo.comPiedmont Office Realty Trust (PDM) Q4 2021 Earnings Call TranscriptFebruary 7, 2022 | finance.yahoo.comPiedmont Office Realty Trust Reports Fourth Quarter and Annual 2021 ResultsFebruary 2, 2022 | seekingalpha.comPiedmont Office Realty Trust, Inc. declares $0.21 dividendFebruary 2, 2022 | finance.yahoo.comAlexandria plans a Route 128 ‘mega campus’ with Raytheon-site buyJanuary 19, 2022 | finance.yahoo.comPIEDMONT OFFICE REALTY TRUST ANNOUNCES TAX TREATMENT OF 2021 DIVIDENDSSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Nonresidential building operators Sub-IndustryOffice REITs SectorFinance Current SymbolNYSE:PDM CUSIP72019020 CIK1042776 Webwww.piedmontreit.com Phone(770) 418-8800Fax770-418-8900Employees134Year FoundedN/ACompany Calendar Last Earnings4/27/2022Ex-Dividend for 6/17 Dividend5/26/2022Dividend Payable6/17/2022Today7/02/2022Next Earnings (Estimated)7/27/2022Fiscal Year End12/31/2022Profitability EPS (Most Recent Fiscal Year)$0.40 Trailing P/E Ratio33.33 Forward P/E Ratio6.53 P/E GrowthN/ANet Income$-1.15 million Net Margins9.24% Pretax Margin9.23% Return on Equity2.69% Return on Assets1.31% Debt Debt-to-Equity Ratio0.91 Current Ratio2.11 Quick Ratio2.11 Sales & Book Value Annual Sales$528.71 million Price / Sales3.11 Cash Flow$1.60 per share Price / Cash Flow8.33 Book Value$14.40 per share Price / Book0.93Miscellaneous Outstanding Shares123,331,000Free Float121,937,000Market Cap$1.64 billion OptionableOptionable Beta0.95 Social Links Piedmont Office Realty Trust Frequently Asked Questions How has Piedmont Office Realty Trust's stock performed in 2022? Piedmont Office Realty Trust's stock was trading at $18.38 at the start of the year. Since then, PDM stock has decreased by 27.5% and is now trading at $13.33. View the best growth stocks for 2022 here. Are investors shorting Piedmont Office Realty Trust? Piedmont Office Realty Trust saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,660,000 shares, an increase of 21.5% from the May 31st total of 2,190,000 shares. Based on an average trading volume of 842,900 shares, the short-interest ratio is presently 3.2 days. Approximately 2.2% of the shares of the stock are short sold. View Piedmont Office Realty Trust's Short Interest. 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 27th 2022. 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) announced its quarterly earnings data on Wednesday, April, 27th. The real estate investment trust reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by $0.02. The real estate investment trust earned $136.15 million during the quarter, compared to analyst estimates of $135.88 million. Piedmont Office Realty Trust had a net margin of 9.24% and a trailing twelve-month return on equity of 2.69%. 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 declared a quarterly dividend on Wednesday, April 27th. Stockholders of record on Friday, May 27th will be given a dividend of $0.21 per share on Friday, June 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend is Thursday, May 26th. View Piedmont Office Realty Trust's dividend history. Is Piedmont Office Realty Trust a good dividend stock? Piedmont Office Realty Trust(NYSE:PDM) pays an annual dividend of $0.84 per share and currently has a dividend yield of 6.40%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Piedmont Office Realty Trust is 210.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 40.19% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend. View Piedmont Office Realty Trust's dividend history. Who are Piedmont Office Realty Trust's key executives? Piedmont Office Realty Trust's management team includes the following people: Mr. Christopher Brent Smith, Pres, CEO & Director (Age 46, Pay $1.52M) (LinkedIn Profile)Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 65, Pay $986.25k)Mr. George M. Wells, Exec. VP & COO (Age 59, Pay $811.25k)Mr. Christopher A. Kollme, Exec. VP of Investments & Strategy (Age 50, Pay $740.16k)Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Co-Head of Devel. (Age 66, Pay $644.75k)Ms. Laura P. Moon, Chief Accounting Officer & Sr. VP (Age 51)Mr. Edward H. Guilbert III, Exec. VP of Fin., Treasurer & Assistant Sec. (Age 46)Thomas A. McKean, Sr. VP, Associate Gen. Counsel & Corp. Sec.Ms. Lisa M. Tyler, VP of Human ResourceMr. Joseph H. Pangburn, Exec. VP of Southwest Region (Age 61) Who are some of Piedmont Office Realty Trust's key competitors? Some companies that are related to Piedmont Office Realty Trust include Digital Realty Trust (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), Kilroy Realty (KRC), Douglas Emmett (DEI), Highwoods Properties (HIW), Equity Commonwealth (EQC), SL Green Realty (SLG), Corporate Office Properties Trust (OFC), Hudson Pacific Properties (HPP), Brandywine Realty Trust (BDN) and Franklin Street Properties (FSP). View all of PDM's competitors. What other stocks do shareholders of Piedmont Office Realty Trust own? Based on aggregate information from My MarketBeat watchlists, some companies that other Piedmont Office Realty Trust investors own include STORE Capital (STOR), VEREIT (VER), Brandywine Realty Trust (BDN), Host Hotels & Resorts (HST), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Spirit Realty Capital (SRC), AGNC Investment (AGNC), Apple Hospitality REIT (APLE) and Preferred Apartment Communities (APTS). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Piedmont Office Realty Trust's stock price today? One share of PDM stock can currently be purchased for approximately $13.33. How much money does Piedmont Office Realty Trust make? Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $1.64 billion and generates $528.71 million in revenue each year. The real estate investment trust earns $-1.15 million in net income (profit) each year or $0.40 on an earnings per share basis. How many employees does Piedmont Office Realty Trust have? Piedmont Office Realty Trust employs 134 workers across the globe. 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 official website for Piedmont Office Realty Trust is www.piedmontreit.com. The real estate investment trust can be reached via phone at (770) 418-8800, via email at investor.services@piedmontreit.com, or via fax at 770-418-8900. This page (NYSE:PDM) was last updated on 7/2/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. MarketBeat Resources Premium Research Tools MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. Discover All Access Market Data and Calendars Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free. View Market Data Investing Education and Resources Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more. Financial Terms Details Here
