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. Investors 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 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Tuesday, May 22nd. View Piedmont Office Realty Trust's Dividend History.

Piedmont Office Realty Trust declared 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 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) released its quarterly earnings data on Tuesday, May, 1st. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. The real estate investment trust earned $129.90 million during the quarter, compared to analyst estimates of $131.38 million. Piedmont Office Realty Trust had a return on equity of 3.33% and a net margin of 31.73%. The business's revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 EPS guidance of $1.68-1.74 for the period, compared to the Thomson Reuters consensus estimate of $1.69.

4 equities research analysts have issued 1-year price objectives for Piedmont Office Realty Trust's shares. Their predictions range from $20.00 to $23.00. On average, they expect Piedmont Office Realty Trust's share price to reach $21.25 in the next year. This suggests a possible upside of 7.7% 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 positive on Tuesday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of 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 0.32 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 46.79 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Piedmont Office Realty Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.43%), State of Alaska Department of Revenue (0.02%) and Atria Investments LLC (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 State of Alaska Department of Revenue. 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 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 $19.73.

Piedmont Office Realty Trust has a market capitalization of $2.58 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]