Piedmont Office Realty Trust - PDM Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PDM shares.
View PDM analyst ratings or view top-rated stocks.

2 analysts have issued 1 year target prices for Piedmont Office Realty Trust's stock. Their PDM share price forecasts range from $14.00 to $17.00. On average, they expect the company's stock price to reach $15.50 in the next twelve months. This suggests a possible upside of 47.5% from the stock's current price.
View analysts price targets for PDM or view top-rated stocks among Wall Street analysts.

Piedmont Office Realty Trust's stock was trading at $9.17 at the beginning of 2023. Since then, PDM shares have increased by 14.6% and is now trading at $10.51.
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Piedmont Office Realty Trust saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 2,060,000 shares, an increase of 18.4% from the November 30th total of 1,740,000 shares. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is currently 1.5 days. Approximately 1.7% of the shares of the stock are short sold.
View Piedmont Office Realty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our PDM earnings forecast.

Piedmont Office Realty Trust will be holding an earnings conference call on Thursday, February 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "47462".

Piedmont Office Realty Trust, Inc. (NYSE:PDM) posted its quarterly earnings data on Wednesday, November, 2nd. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.50 by $0.47. The real estate investment trust earned $144.10 million during the quarter, compared to analysts' expectations of $137.94 million. Piedmont Office Realty Trust had a net margin of 7.12% and a trailing twelve-month return on equity of 2.19%.

Piedmont Office Realty Trust announced a quarterly dividend on Tuesday, October 25th. Shareholders of record on Friday, November 25th will be given a dividend of $0.21 per share on Tuesday, January 3rd. This represents a $0.84 annualized dividend and a dividend yield of 7.99%. The ex-dividend date of this dividend is Wednesday, November 23rd.
Read our dividend analysis for PDM.

Piedmont Office Realty Trust (NYSE:PDM) pays an annual dividend of $0.84 per share and currently has a dividend yield of 8.25%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 262.51%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PDM will have a dividend payout ratio of 44.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDM.

Piedmont Office Realty Trust updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $1.99-$2.01 for the period. The company issued revenue guidance of -.

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), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Spirit Realty Capital (SRC), AGNC Investment (AGNC), Apple Hospitality REIT (APLE) and Preferred Apartment Communities (APTS).

Piedmont Office Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDM."

Piedmont Office Realty Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include Strs Ohio (0.35%), Sowa Financial Group Inc. (0.21%), Merit Financial Group LLC (0.05%), Camelot Portfolios LLC (0.04%), Presima Securities ULC (0.04%) and Inspire Investing LLC (0.02%). Insiders that own company stock include Barbara B Lang, Christopher Brent Smith, Dale H Taysom, Glenn Gary Cohen, Jeffrey L Swope and Laura P Moon.
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Shares of PDM stock 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.
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One share of PDM stock can currently be purchased for approximately $10.51.

Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $1.30 billion and generates $528.71 million in revenue each year. The real estate investment trust earns $-1,150,000.00 in net income (profit) each year or $0.32 on an earnings per share basis.

The company employs 134 workers across the globe.

Piedmont Office Realty Trust's mailing address is 5565 GLENRIDGE CONNECTOR STE 450, ATLANTA GA, 30342. The official website for the company 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.