NYSE:PDMPiedmont Office Realty Trust Stock Price, Forecast & News Adding Choose a 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. Log In and Add $16.92 +0.91 (+5.68 %) (As of 05/27/2020 04:00 PM ET) Add Compare Share Today's Range$16.20Now: $16.92▼$16.9450-Day Range$13.60MA: $16.38▼$19.2552-Week Range$12.85Now: $16.92▼$24.78Volume1.31 million shsAverage Volume1.10 million shsMarket Capitalization$2.13 billionP/E Ratio11.36Dividend Yield5.25%Beta0.75 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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).Read More Beat the Market (BTM) Rank™ 2.3 Analyst's Opinion Consensus RatingPiedmont Office Realty Trust has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.67, Piedmont Office Realty Trust has a potential upside of 16.2% from its current price of $16.92.Amount of Analyst CoveragePiedmont Office Realty Trust has only been the subject of 3 research reports in the past 90 days. Previous Next 1.9 Community Rank Outperform VotesPiedmont Office Realty Trust has received 310 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPiedmont Office Realty Trust has received 510 “underperform” votes. (Add your “underperform” vote.)Community SentimentPiedmont Office Realty Trust has received 62.20% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipPiedmont Office Realty Trust is a leading dividend payer. It pays a dividend yield of 5.25%, 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 46.93 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 43.98 % next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Piedmont Office Realty Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought $153,420.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.71% of the stock of Piedmont Office Realty Trust is held by insiders.Percentage Held by Institutions84.54% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Piedmont Office Realty Trust are expected to remain at $1.91 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Piedmont Office Realty Trust is 11.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.82.Price to Earnings Ratio vs. SectorThe P/E ratio of Piedmont Office Realty Trust is 11.36, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.68.Price to Book Value per Share RatioPiedmont Office Realty Trust has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.3Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.55 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Nonresidential building operators Sub-IndustryOffice REITs SectorFinance Current SymbolNYSE:PDM Previous Symbol CUSIP72019020 CIK1042776 Webwww.piedmontreit.com Phone770-418-8800Debt Debt-to-Equity Ratio1.08 Current Ratio1.77 Quick Ratio1.77Price-To-Earnings Trailing P/E Ratio11.36 Forward P/E Ratio8.86 P/E GrowthN/A Sales & Book Value Annual Sales$533.18 million Price / Sales4.00 Cash Flow$3.74 per share Price / Cash Flow4.53 Book Value$14.16 per share Price / Book1.19Profitability EPS (Most Recent Fiscal Year)$1.79 Net Income$229.26 million Net Margins34.94% Return on Equity10.75% Return on Assets5.10%Miscellaneous Employees134 Outstanding Shares125,921,000Market Cap$2.13 billion Next Earnings Date7/29/2020 (Estimated) OptionableOptionable PDM Rates by TradingView Receive PDM News and Ratings via Email Sign-up to receive the latest news and ratings for PDM and its competitors with MarketBeat's FREE daily newsletter. 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 14.0% and is now trading at $16.92. 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) announced its earnings results on Wednesday, April, 29th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by $0.02. The real estate investment trust earned $137.20 million during 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%. Piedmont Office Realty Trust's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm 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. Investors 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 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Thursday, May 28th. View Piedmont Office Realty Trust's dividend history. What price target have analysts set for PDM? 4 Wall Street analysts have issued twelve-month price objectives for Piedmont Office Realty Trust's stock. Their forecasts range from $18.00 to $22.00. On average, they expect Piedmont Office Realty Trust's stock price to reach $19.67 in the next twelve months. This suggests a possible upside of 16.2% 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? News stories about PDM stock have trended positive on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a coverage optimism score of 2.5 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutPiedmont Office Realty Trust. Are investors shorting Piedmont Office Realty Trust? Piedmont Office Realty Trust saw a drop in short interest in May. As of May 15th, there was short interest totaling 2,520,000 shares, a drop of 12.2% from the April 30th total of 2,870,000 shares. Based on an average trading volume of 1,100,000 shares, the short-interest ratio is currently 2.3 days. Approximately 2.0% of the company's stock are short sold. View Piedmont Office Realty Trust's Current Options Chain. Who are some of Piedmont Office Realty Trust's key competitors? Some companies that are related to Piedmont Office Realty Trust include DIGITAL RLTY TR/SH (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), Douglas Emmett (DEI), CoreSite Realty (COR), Equity Commonwealth (EQC), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), SL Green Realty (SLG), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Mack Cali Realty (CLI) and Franklin Street Properties (FSP). View all 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 Brandywine Realty Trust (BDN), Physicians Realty Trust (DOC), Empire State Realty Trust (ESRT), AvalonBay Communities (AVB), Brixmor Property Group (BRX), Federal Realty Investment Trust (FRT), General Electric (GE), Huntington Bancshares (HBAN), Highwoods Properties (HIW) and Kimco Realty (KIM). 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." Who are Piedmont Office Realty Trust's major shareholders? Piedmont Office Realty Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.79%), State Street Corp (4.33%), Cbre Clarion Securities LLC (2.38%), Geode Capital Management LLC (1.89%), Rothschild & Co. Asset Management US Inc. (1.55%) and Nuveen Asset Management LLC (1.37%). Company insiders that own Piedmont Office Realty Trust stock include Dale H Taysom, Glenn Gary Cohen and Jeffrey L Swope. View institutional ownership trends for Piedmont Office Realty Trust. Which institutional investors are selling Piedmont Office Realty Trust stock? PDM stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Cbre Clarion Securities LLC, Weiss Multi Strategy Advisers LLC, AJO LP, JPMorgan Chase & Co., Citigroup Inc., Rothschild & Co. Asset Management US Inc., and Bank of New York Mellon Corp. View insider buying and selling activity 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 Fuller & Thaler Asset Management Inc., Wellington Management Group LLP, Nuveen Asset Management LLC, Hillcrest Asset Management LLC, Matarin Capital Management LLC, Robeco Institutional Asset Management B.V., Geode Capital Management LLC, and Advisor Group Holdings Inc.. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Dale H Taysom, Glenn Gary Cohen, and Jeffrey L Swope. View insider buying and selling activity 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, 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 $16.92. How big of a company is Piedmont Office Realty Trust? Piedmont Office Realty Trust has a market capitalization of $2.13 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 5/27/2020 by MarketBeat.com Staff
