NYSE:PDM - Piedmont Office Realty Trust Stock Price, Price Target & More

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

Piedmont Office Realty Trust declared a quarterly dividend on Tuesday, May 1st. Shareholders of record on Wednesday, May 23rd will be given a dividend of $0.21 per share on Friday, June 15th. This represents a $0.84 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Tuesday, May 22nd. View Piedmont Office Realty Trust's Dividend History.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) released its quarterly earnings data on Tuesday, May, 1st. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The real estate investment trust had revenue of $129.90 million for the quarter, compared to the consensus estimate of $131.38 million. Piedmont Office Realty Trust had a return on equity of 3.33% and a net margin of 31.73%. The firm's revenue was down 12.5% compared to the same quarter last year. During the same period last year, the company posted $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 Tuesday, July, 31st 2018. View Earnings Estimates for Piedmont Office Realty Trust.

Piedmont Office Realty Trust updated its FY18 earnings guidance on Tuesday, May, 1st. The company provided EPS guidance of $1.68-1.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.69.

3 analysts have issued twelve-month target prices for Piedmont Office Realty Trust's shares. Their predictions range from $20.00 to $22.00. On average, they expect Piedmont Office Realty Trust's stock price to reach $20.6667 in the next twelve months. View Analyst Ratings for Piedmont Office Realty Trust.

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).

Media coverage about PDM stock has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Piedmont Office Realty Trust earned a news sentiment score of 0.05 on Accern's scale. They also assigned news stories about the real estate investment trust an impact score of 46.20 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Piedmont Office Realty Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.26%), LSV Asset Management (5.03%), American Century Companies Inc. (4.64%), Northern Trust Corp (2.99%), Brookfield Asset Management Inc. (2.91%) and Dimensional Fund Advisors LP (1.92%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, 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 Nuveen Asset Management LLC, Prudential Financial Inc., Millennium Management LLC, Systematic Financial Management LP, Wells Fargo & Company MN, American Century Companies Inc., Amundi Pioneer Asset Management Inc. and Asset Management One Co. Ltd.. View Insider Buying and Selling for Piedmont Office Realty Trust.

PDM stock was acquired by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Northern Trust Corp, JPMorgan Chase & Co., Matarin Capital Management LLC, Mackay Shields LLC, Teachers Insurance & Annuity Association of America, OMERS ADMINISTRATION Corp and Chicago Equity Partners LLC. Company insiders that have bought Piedmont Office Realty Trust stock in the last two years include Christopher Brent Smith, 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 $19.63.

Piedmont Office Realty Trust has a market capitalization of $2.48 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.

Piedmont Office Realty Trust's mailing address is 11695 JOHNS CREEK PARKWAY STE 350, JOHNS CREEK GA, 30097. The real estate investment trust can be reached via phone at 770-418-8800 or via email at [email protected]