NYSE:PDM Piedmont Office Realty Trust Stock Forecast, Price & 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 $14.56 -0.53 (-3.51 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$14.55Now: $14.56▼$15.6150-Day Range$14.41MA: $15.73▼$16.8352-Week Range$12.85Now: $14.56▼$24.78Volume2.93 million shsAverage Volume966,151 shsMarket Capitalization$1.83 billionP/E Ratio4.94Dividend Yield5.57%Beta0.65 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial 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™ 3.3 Analyst's Opinion Consensus RatingPiedmont Office Realty Trust has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.67, Piedmont Office Realty Trust has a forecasted upside of 35.1% from its current price of $14.56.Amount of Analyst CoveragePiedmont Office Realty Trust has received no research coverage in the past 90 days. Previous Next 1.9 Community Rank Outperform VotesPiedmont Office Realty Trust has received 313 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPiedmont Office Realty Trust has received 515 “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 5.57%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPiedmont Office Realty Trust has only been increasing its dividend for 1 years.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 43.75% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Piedmont Office Realty Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.71% of the stock of Piedmont Office Realty Trust is held by insiders.Percentage Held by Institutions82.52% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Piedmont Office Realty Trust are expected to grow by 1.05% in the coming year, from $1.90 to $1.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Piedmont Office Realty Trust is 4.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.91.Price to Earnings Ratio vs. SectorThe P/E ratio of Piedmont Office Realty Trust is 4.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.43.Price to Book Value per Share RatioPiedmont Office Realty Trust has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.29 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 Ratio0.83 Current Ratio2.03 Quick Ratio2.03Price-To-Earnings Trailing P/E Ratio4.94 Forward P/E Ratio7.66 P/E GrowthN/A Sales & Book Value Annual Sales$533.18 million Price / Sales3.44 Cash Flow$3.27 per share Price / Cash Flow4.45 Book Value$14.46 per share Price / Book1.01Profitability EPS (Most Recent Fiscal Year)$1.79 Net Income$229.26 million Net Margins68.72% Return on Equity20.58% Return on Assets9.95%Miscellaneous Employees134 Outstanding Shares126,029,000Market Cap$1.83 billion Next Earnings Date11/4/2020 (Estimated) OptionableOptionable $14.56 -0.53 (-3.51 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart 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 price been impacted by COVID-19 (Coronavirus)? Piedmont Office Realty Trust's stock was trading at $19.68 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PDM shares have decreased by 26.0% and is now trading at $14.56. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of 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. 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, November 4th 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) posted its earnings results on Wednesday, July, 29th. The real estate investment trust reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $1.02. The real estate investment trust had revenue of $134.63 million for the quarter, compared to analyst estimates of $141.77 million. Piedmont Office Realty Trust had a net margin of 68.72% and a return on equity of 20.58%. 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 declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Friday, August 28th will be given a dividend of $0.21 per share on Friday, September 18th. This represents a $0.84 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Thursday, August 27th. View Piedmont Office Realty Trust's dividend history. What price target have analysts set for PDM? 3 analysts have issued 1 year price objectives for Piedmont Office Realty Trust's shares. Their forecasts range from $18.00 to $22.00. On average, they expect Piedmont Office Realty Trust's share price to reach $19.67 in the next twelve months. This suggests a possible upside of 35.1% from the stock's current price. View analysts' price targets for Piedmont Office Realty Trust. 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), CoreSite Realty (COR), Douglas Emmett (DEI), Highwoods Properties (HIW), Equity Commonwealth (EQC), SL Green Realty (SLG), Hudson Pacific Properties (HPP), 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), Huntington Bancshares (HBAN), Medical Properties Trust (MPW), Store Capital (STOR), Vereit (VER), Ventas (VTR), Brixmor Property Group (BRX) and Equity Residential (EQR). 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.76%), LSV Asset Management (5.26%), FMR LLC (4.86%), Cbre Clarion Securities LLC (2.37%), Nuveen Asset Management LLC (2.31%) and Charles Schwab Investment Management Inc. (1.61%). 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 Goldman Sachs Group Inc., Charles Schwab Investment Management Inc., Vanguard Group Inc., LSV Asset Management, Man Group plc, Robeco Institutional Asset Management B.V., Sei Investments Co., and Foster & Motley Inc.. View insider buying and selling activity for Piedmont Office Realty Trust. Which institutional investors are buying Piedmont Office Realty Trust stock? PDM stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, FMR LLC, Bank of America Corp DE, Prudential Financial Inc., Nordea Investment Management AB, Barclays PLC, Alberta Investment Management Corp, and Tudor Investment Corp Et Al. 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 $14.56. How big of a company is Piedmont Office Realty Trust? Piedmont Office Realty Trust has a market capitalization of $1.83 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 investor.[email protected] This page was last updated on 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
