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

$20.18
+0.07 (+0.35 %)
(As of 08/22/2019 04:00 PM ET)
Today's Range
$20.01
Now: $20.18
$20.30
50-Day Range
$19.32
MA: $20.13
$20.82
52-Week Range
$16.43
Now: $20.18
$21.40
Volume772,876 shs
Average Volume760,135 shs
Market Capitalization$2.54 billion
P/E Ratio11.66
Dividend Yield4.18%
Beta0.69
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).

Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
CUSIP72019020
Phone770-418-8800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$525.97 million
Cash Flow$2.3037 per share
Book Value$13.54 per share

Profitability

Net Income$130.29 million

Miscellaneous

Employees134
Market Cap$2.54 billion
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable

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Piedmont Office Realty Trust (NYSE:PDM) Frequently Asked Questions

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."

How often does Piedmont Office Realty Trust pay dividends? What is the dividend yield for Piedmont Office Realty Trust?

Piedmont Office Realty Trust announced a quarterly dividend on Wednesday, July 31st. Shareholders of record on Friday, August 30th will be paid a dividend of $0.21 per share on Friday, September 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Thursday, August 29th. View Piedmont Office Realty Trust's Dividend History.

How were Piedmont Office Realty Trust's earnings last quarter?

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings results on Wednesday, May, 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.45 by $0.05. The real estate investment trust had revenue of $132.90 million for the quarter, compared to the consensus estimate of $120.78 million. Piedmont Office Realty Trust had a net margin of 22.60% and a return on equity of 6.98%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. View Piedmont Office Realty Trust's Earnings History.

When is Piedmont Office Realty Trust's next earnings date?

Piedmont Office Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Piedmont Office Realty Trust.

What guidance has Piedmont Office Realty Trust issued on next quarter's earnings?

Piedmont Office Realty Trust issued an update on its FY19 earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of $1.75-1.79 for the period, compared to the Thomson Reuters consensus estimate of $1.78.

What price target have analysts set for PDM?

4 analysts have issued 1-year price objectives for Piedmont Office Realty Trust's stock. Their predictions range from $20.00 to $20.00. On average, they anticipate Piedmont Office Realty Trust's share price to reach $20.00 in the next twelve months. This suggests that the stock has a possible downside of 0.9%. View Analyst Price Targets for Piedmont Office Realty Trust.

What is the consensus analysts' recommendation 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 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Piedmont Office Realty Trust.

Has Piedmont Office Realty Trust been receiving favorable news coverage?

Headlines about PDM stock have trended positive this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the immediate future. View News Stories 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 Spirit Realty Capital (SRC), IRSA Propiedades Comerciales (IRCP), J.W. Mays (MAYS), Gyrodyne (GYRO), AmBase (ABCP) and Elbit Imaging (EMITF).

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 Huntington Bancshares (HBAN), Brandywine Realty Trust (BDN), DuPont Fabros Technology (DFT), General Electric (GE), People's United Financial (PBCT), Sirius XM (SIRI), Seagate Technology (STX), American Homes 4 Rent (AMH), Brixmor Property Group (BRX) and DDR (DDR).

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the folowing 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

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.08%), BlackRock Inc. (9.49%), LSV Asset Management (5.82%), Northern Trust Corp (2.45%), Renaissance Technologies LLC (2.29%) and Charles Schwab Investment Management Inc. (2.09%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, Dale H Taysom, Jeffrey L Swope, Kelly Hefner Barrett and Wesley E Cantrell. View Institutional Ownership Trends for Piedmont Office Realty Trust.

Which major investors are selling Piedmont Office Realty Trust stock?

PDM stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Grantham Mayo Van Otterloo & Co. LLC, Vanguard Group Inc., Morgan Stanley, Systematic Financial Management LP, BNP Paribas Arbitrage SA and Citadel Advisors LLC. View Insider Buying and Selling for Piedmont Office Realty Trust.

Which major investors are buying Piedmont Office Realty Trust stock?

PDM stock was purchased by a variety of institutional investors in the last quarter, including Rothschild & Co. Asset Management US Inc., Nuveen Asset Management LLC, Robeco Institutional Asset Management B.V., Great Lakes Advisors LLC, Chartwell Investment Partners LLC, Northern Trust Corp, LSV Asset Management and JPMorgan Chase & Co.. 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.

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, Scottrade, 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 $20.18.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.54 billion and generates $525.97 million in revenue each year. The real estate investment trust earns $130.29 million in net income (profit) each year or $1.73 on an earnings per share basis. Piedmont Office Realty Trust employs 134 workers across the globe.View Additional Information About Piedmont Office Realty Trust.

What is Piedmont Office Realty Trust's official website?

The official website for Piedmont Office Realty Trust is http://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 [email protected]


MarketBeat Community Rating for Piedmont Office Realty Trust (NYSE PDM)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  271 (Vote Outperform)
Underperform Votes:  453 (Vote Underperform)
Total Votes:  724
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.
This page was last updated on 8/22/2019 by MarketBeat.com Staff

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