Positive News Sentiment NYSE:PDM Piedmont Office Realty Trust - PDM Stock Forecast, Price & News Adding Choose a watchlist: 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. $10.69 -0.33 (-2.99%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$10.60▼$10.9450-Day Range$8.80▼$11.0252-Week Range$8.72▼$17.86Volume665,394 shsAverage Volume937,305 shsMarket Capitalization$1.32 billionP/E Ratio33.41Dividend Yield7.86%Price Target$15.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Piedmont Office Realty Trust MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside45.0% Upside$15.50 Price TargetShort InterestHealthy2.07% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.54Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth-6.00%From $2.00 to $1.88 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.64 out of 5 starsFinance Sector174th out of 858 stocksNonresidential Building Operators Industry2nd out of 4 stocks 3.3 Analyst's Opinion Consensus RatingPiedmont Office Realty Trust has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.50, Piedmont Office Realty Trust has a forecasted upside of 45.0% from its current price of $10.69.Amount of Analyst CoveragePiedmont Office Realty Trust has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.07% of the float of Piedmont Office Realty Trust has been sold short.Short Interest Ratio / Days to CoverPiedmont Office Realty Trust has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Piedmont Office Realty Trust has recently increased by 11.50%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipPiedmont Office Realty Trust is a leading dividend payer. It pays a dividend yield of 7.86%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPiedmont Office Realty Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Piedmont Office Realty Trust is 262.51%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 44.68% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PDM. Previous Next 3.1 News and Social Media Coverage News SentimentPiedmont Office Realty Trust has a news sentiment score of 1.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Piedmont Office Realty Trust this week, compared to 1 article on an average week. Previous Next 1.7 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 1.13% of the stock of Piedmont Office Realty Trust is held by insiders.Percentage Held by Institutions82.88% 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 decrease by -6.00% in the coming year, from $2.00 to $1.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Piedmont Office Realty Trust is 33.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.86.Price to Earnings Ratio vs. SectorThe P/E ratio of Piedmont Office Realty Trust is 33.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 182.81.Price to Book Value per Share RatioPiedmont Office Realty Trust has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Piedmont Office Realty Trust (NYSE:PDM) StockPiedmont Office Realty Trust, Inc. engages in the owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. . Its activities include acquisition, investment, development, management, disposing, and ownership of commercial real estate properties throughout the United States. The company was founded on July 3, 1997 and is headquartered in Atlanta, GA.Read More Receive PDM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Piedmont Office Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address PDM Stock News HeadlinesJanuary 18, 2023 | finance.yahoo.comPIEDMONT OFFICE REALTY TRUST ANNOUNCES TAX TREATMENT OF 2022 DIVIDENDSJanuary 12, 2023 | finance.yahoo.comPiedmont Office Realty Trust, Inc. (NYSE:PDM) up 4.8%, but insiders are still down 25% after purchasing US$785k of stock last yearFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.December 30, 2022 | bizjournals.comAnother Harvard Square office building sold off by Atlanta firmDecember 22, 2022 | seekingalpha.comPiedmont Office Realty Trust (PDM) Presents at 2022 REITworld Conference - SlideshowDecember 22, 2022 | seekingalpha.comPiedmont Office Realty: My Top 2023 Stock PickDecember 20, 2022 | benzinga.comPiedmont Office Realty Trust Completes Sales of Cambridge Assets and Extends $200 Million Term LoanDecember 20, 2022 | finance.yahoo.comPiedmont Office Realty Trust Completes Sales of Cambridge Assets and Extends $200 Million Term LoanFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.December 14, 2022 | finance.yahoo.comPiedmont Office Realty Trust Expands Board with Appointment of Mary HagerNovember 21, 2022 | finance.yahoo.comInstitutional owners may consider drastic measures as Piedmont Office Realty Trust, Inc.'s (NYSE:PDM) recent US$60m drop adds to long-term lossesNovember 16, 2022 | seekingalpha.comPiedmont Office Realty Trust: The Atlanta Market Will Carry It ForwardNovember 6, 2022 | seekingalpha.comPiedmont Office Realty Trust, Inc.(PDM) Q3 2022 Earnings Call TranscriptNovember 2, 2022 | finance.yahoo.comPiedmont Office Realty Trust Reports Third Quarter 2022 ResultsNovember 2, 2022 | finance.yahoo.comPiedmont Office (PDM) Q3 FFO Match EstimatesOctober 25, 2022 | finance.yahoo.comPiedmont Office Realty Trust Declares Fourth Quarter DividendOctober 23, 2022 | seekingalpha.comPiedmont Office Realty Trust's 8.7% Dividend Yield Looks PeachyOctober 19, 2022 | finance.yahoo.comFirst Industrial Realty Trust (FR) Q3 FFO and Revenues Surpass EstimatesOctober 17, 2022 | finance.yahoo.comPiedmont Office Realty Trust, Inc to Report Third Quarter 2022 Financial ResultsOctober 14, 2022 | seekingalpha.comPDM Piedmont Office Realty Trust, Inc.October 6, 2022 | finance.yahoo.comPiedmont Office Realty Trust (NYSE:PDM) sheds US$64m, company earnings and investor returns have been trending downwards for past three yearsSeptember 26, 2022 | uk.finance.yahoo.comPiedmont Office Realty Trust, Inc. (PDM)September 23, 2022 | nasdaq.comPiedmont Office Realty Trust Becomes OversoldSeptember 16, 2022 | nasdaq.comSnatch This Bargain 7.1% Yielder Even Cheaper Than Director McDowell DidSeptember 4, 2022 | nasdaq.comJeffrey Swope Is The Independent Director of Piedmont Office Realty Trust, Inc. (NYSE:PDM) And They Just Picked Up 32% More SharesAugust 24, 2022 | nasdaq.comEx-Dividend Reminder: National Bank Holdings Corp, Piedmont Office Realty Trust and Voya FinancialAugust 23, 2022 | seekingalpha.comPiedmont Office Realty Trust: A 6.5% Yielding Sunbelt REIT Due For A ReboundSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PDM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Piedmont Office Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address PDM Company Calendar Last Earnings10/27/2021Ex-Dividend for 1/3 Dividend11/23/2022Dividend Payable1/03/2023Today2/05/2023Next Earnings (Confirmed)2/08/2023Ex-Dividend for 3/17 Dividend2/23/2023Dividend Payable3/17/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Nonresidential building operators Sub-IndustryOffice REITs SectorFinance Current SymbolNYSE:PDM CUSIP72019020 CIK1042776 Webwww.piedmontreit.com Phone(770) 418-8800Fax770-418-8900Employees134Year FoundedN/APrice Target and Rating Average Stock Price Forecast$15.50 High Stock Price Forecast$17.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+45.0%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.32 Trailing P/E Ratio33.41 Forward P/E Ratio5.35 P/E GrowthN/ANet Income$-1,150,000.00 Net Margins7.12% Pretax Margin7.12% Return on Equity2.19% Return on Assets1.02% Debt Debt-to-Equity Ratio1.19 Current Ratio1.74 Quick Ratio1.74 Sales & Book Value Annual Sales$528.71 million Price / Sales2.49 Cash Flow$1.62 per share Price / Cash Flow6.59 Book Value$14.40 per share Price / Book0.74Miscellaneous Outstanding Shares123,390,000Free Float122,001,000Market Cap$1.32 billion OptionableOptionable Beta1.00 Social Links Key ExecutivesC. Brent SmithPresident, Chief Executive Officer & DirectorGeorge M. WellsChief Operating Officer & Executive Vice PresidentRobert E. BowersEVP, Chief Financial & Administrative OfficerLaura P. MoonChief Accounting Officer & Senior Vice PresidentRobert K. WibergEVP-Northeast Region & Co-Head-DevelopmentKey CompetitorsEncore Capital GroupNASDAQ:ECPGNexPoint Residential TrustNYSE:NXRTPalomarNASDAQ:PLMRMerchants BancorpNASDAQ:MBINStewart Information ServicesNYSE:STCView All CompetitorsInsiders & InstitutionsPrivate Management Group Inc.Bought 499,317 shares on 2/3/2023Ownership: 1.790%Retirement Planning Co of New England Inc.Sold 1,952 shares on 2/3/2023Ownership: 0.010%Spire Wealth ManagementBought 965 shares on 2/3/2023Ownership: 0.004%ProShare Advisors LLCBought 2,266 shares on 2/2/2023Ownership: 0.013%Simplex Trading LLCBought 2,100 shares on 2/2/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions PDM Stock - Frequently Asked Questions Should I buy or sell Piedmont Office Realty Trust stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PDM shares. View PDM analyst ratings or view top-rated stocks. What is Piedmont Office Realty Trust's stock price forecast for 2023? 2 brokerages have issued 1 year price targets for Piedmont Office Realty Trust's shares. Their PDM share price forecasts range from $14.00 to $17.00. On average, they expect the company's share price to reach $15.50 in the next twelve months. This suggests a possible upside of 45.0% from the stock's current price. View analysts price targets for PDM or view top-rated stocks among Wall Street analysts. How have PDM shares performed in 2023? Piedmont Office Realty Trust's stock was trading at $9.17 on January 1st, 2023. Since then, PDM shares have increased by 16.6% and is now trading at $10.69. View the best growth stocks for 2023 here. When is Piedmont Office Realty Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023. View our PDM earnings forecast. How can I listen to Piedmont Office Realty Trust's earnings call? Piedmont Office Realty Trust will be holding an earnings conference call on Thursday, February 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "47462". How were Piedmont Office Realty Trust's earnings last quarter? Piedmont Office Realty Trust, Inc. (NYSE:PDM) released its quarterly earnings results on Wednesday, October, 27th. The real estate investment trust reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The real estate investment trust earned $131.10 million during the quarter, compared to analysts' expectations of $130.87 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 2.19% and a net margin of 7.12%. The firm's revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. 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, February 1st. Investors of record on Friday, February 24th will be given a dividend of $0.21 per share on Friday, March 17th. This represents a $0.84 annualized dividend and a yield of 7.86%. The ex-dividend date is Thursday, February 23rd. Read our dividend analysis for PDM. Is Piedmont Office Realty Trust a good dividend stock? Piedmont Office Realty Trust (NYSE:PDM) pays an annual dividend of $0.84 per share and currently has a dividend yield of 7.86%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 262.51%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PDM will have a dividend payout ratio of 44.68% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PDM. What guidance has Piedmont Office Realty Trust issued on next quarter's earnings? Piedmont Office Realty Trust issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $1.99-$2.01 for the period. The company issued revenue guidance of -. 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 STORE Capital (STOR), VEREIT (VER), Brandywine Realty Trust (BDN), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Spirit Realty Capital (SRC), AGNC Investment (AGNC), Apple Hospitality REIT (APLE) and Preferred Apartment Communities (APTS). 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 many different retail and institutional investors. Top institutional shareholders include Private Management Group Inc. (1.79%), Strs Ohio (0.35%), Sowa Financial Group Inc. (0.21%), Sumitomo Mitsui Trust Holdings Inc. (0.15%), New York State Common Retirement Fund (0.09%) and Merit Financial Group LLC (0.05%). Insiders that own company stock include Barbara B Lang, Christopher Brent Smith, Dale H Taysom, Glenn Gary Cohen, Jeffrey L Swope and Laura P Moon. View institutional ownership trends. How do I buy shares of Piedmont Office Realty Trust? Shares of PDM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Piedmont Office Realty Trust's stock price today? One share of PDM stock can currently be purchased for approximately $10.69. How much money does Piedmont Office Realty Trust make? Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $1.32 billion and generates $528.71 million in revenue each year. The real estate investment trust earns $-1,150,000.00 in net income (profit) each year or $0.32 on an earnings per share basis. How many employees does Piedmont Office Realty Trust have? The company employs 134 workers across the globe. 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 official website for the company is www.piedmontreit.com. The real estate investment trust can be reached via phone at (770) 418-8800, via email at investor.services@piedmontreit.com, or via fax at 770-418-8900. This page (NYSE:PDM) was last updated on 2/5/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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. 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