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

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, February 4th. Investors of record on Friday, February 28th will be given a dividend of $0.21 per share on Friday, March 20th. This represents a $0.84 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, February 27th. View Piedmont Office Realty Trust's Dividend History.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings data on Tuesday, February, 4th. The real estate investment trust reported $1.29 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.45 by $0.84. The real estate investment trust had revenue of $134.20 million for the quarter, compared to analysts' expectations of $134.23 million. Piedmont Office Realty Trust had a return on equity of 13.47% and a net margin of 43.00%. The company's revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. View Piedmont Office Realty Trust's Earnings History.

Piedmont Office Realty Trust is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Piedmont Office Realty Trust.

Piedmont Office Realty Trust updated its FY20 earnings guidance on Tuesday, February, 4th. The company provided earnings per share (EPS) guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus estimate of $1.90.

3 analysts have issued 12-month target prices for Piedmont Office Realty Trust's stock. Their forecasts range from $24.00 to $26.00. On average, they expect Piedmont Office Realty Trust's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price. View Analyst Price Targets for Piedmont Office Realty Trust.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Piedmont Office Realty Trust.

News headlines about PDM stock have trended extremely negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a news sentiment score of -4.2 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Piedmont Office Realty Trust.

Piedmont Office Realty Trust saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 5,800,000 shares, an increase of 12.6% from the January 15th total of 5,150,000 shares. Based on an average daily volume of 821,300 shares, the days-to-cover ratio is currently 7.1 days. Currently, 4.7% of the company's stock are short sold. View Piedmont Office Realty Trust's Current Options Chain.

Some companies that are related to Piedmont Office Realty Trust include DIGITAL RLTY TR/SH (DLR), Boston Properties (BXP), Alexandria Real Estate Equities (ARE), Kilroy Realty (KRC), Douglas Emmett (DEI), SL Green Realty (SLG), CyrusOne (CONE), Hudson Pacific Properties (HPP), Highwoods Properties (HIW), CoreSite Realty (COR), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Mack Cali Realty (CLI) and Franklin Street Properties (FSP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Piedmont Office Realty Trust investors own include Huntington Bancshares (HBAN), Brandywine Realty Trust (BDN), General Electric (GE), People's United Financial (PBCT), Sirius XM (SIRI), Seagate Technology (STX), American Homes 4 Rent (AMH), Brixmor Property Group (BRX), DuPont Fabros Technology (DFT) and Empire State Realty Trust (ESRT).

Piedmont Office Realty Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include LSV Asset Management (5.57%), FMR LLC (4.44%), State Street Corp (4.25%), Renaissance Technologies LLC (2.20%), Charles Schwab Investment Management Inc. (1.96%) and Geode Capital Management LLC (1.71%). Company insiders that own Piedmont Office Realty Trust stock include Dale H Taysom, Jeffrey L Swope and Kelly Hefner Barrett. View Institutional Ownership Trends for Piedmont Office Realty Trust.

PDM stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State Street Corp, Renaissance Technologies LLC, Bessemer Group Inc., Sei Investments Co., Bank of America Corp DE, LSV Asset Management and AJO LP. 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 FMR LLC, Rothschild & Co. Asset Management US Inc., California Public Employees Retirement System, UBS Group AG, Man Group plc, Robeco Institutional Asset Management B.V., Public Sector Pension Investment Board and Vident Investment Advisory LLC. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include 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, Robinhood, Fidelity and Charles Schwab.

One share of PDM stock can currently be purchased for approximately $24.40.

Piedmont Office Realty Trust has a market capitalization of $3.07 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.View Additional Information About Piedmont Office Realty Trust.

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]