NYSE:PDM - Piedmont Office Realty Trust Stock Price, News, & Analysis

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 Thursday, November 1st. Shareholders of record on Friday, November 30th will be given a dividend of $0.21 per share on Thursday, January 3rd. This represents a $0.84 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, November 29th. View Piedmont Office Realty Trust's Dividend History.

Piedmont Office Realty Trust declared that its board has initiated a stock repurchase plan on Sunday, June 4th 2017, which allows the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) posted its quarterly earnings data on Tuesday, October, 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. The real estate investment trust earned $129.71 million during the quarter, compared to analysts' expectations of $127.24 million. Piedmont Office Realty Trust had a net margin of 10.13% and a return on equity of 2.95%. During the same quarter in the prior year, the company posted $0.42 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 Tuesday, February 5th 2019. View Earnings Estimates for Piedmont Office Realty Trust.

Piedmont Office Realty Trust will be holding an earnings conference call on Wednesday, February 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8666826100.

Piedmont Office Realty Trust issued an update on its FY18 earnings guidance on Tuesday, October, 30th. The company provided EPS guidance of $1.70-1.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.71.

4 brokerages have issued 12 month price targets for Piedmont Office Realty Trust's stock. Their predictions range from $20.00 to $23.00. On average, they expect Piedmont Office Realty Trust's share price to reach $21.6667 in the next year. This suggests a possible upside of 18.3% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for Piedmont Office Realty Trust.

Media coverage about PDM stock has trended positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a media sentiment score of 2.4 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the next few days.

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).

Piedmont Office Realty Trust's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.36%), Meeder Asset Management Inc. (0.05%), State of Alaska Department of Revenue (0.03%), Nisa Investment Advisors LLC (0.02%) and Lavaca Capital LLC (0.00%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, Dale H Taysom, 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 Bank of Montreal Can. View Insider Buying and Selling for Piedmont Office Realty Trust.

PDM stock was bought by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Meeder Asset Management Inc., Lavaca Capital LLC and State of Alaska Department of Revenue. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Christopher Brent Smith, Dale H Taysom, 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 $18.31.

Piedmont Office Realty Trust has a market capitalization of $2.35 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.

The official website for Piedmont Office Realty Trust is http://www.piedmontreit.com.

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]