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S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Trade With Artificial Intelligence for Happiness (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
Trade With Artificial Intelligence for Happiness (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
The Safest Option in Trades! (Ad)pixel
Allies aim for risky Russian oil price cap as winter nears
Tesla sales bounce back in Q3 but fall short of estimates
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Trade With Artificial Intelligence for Happiness (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
Trade With Artificial Intelligence for Happiness (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
The Safest Option in Trades! (Ad)pixel
Allies aim for risky Russian oil price cap as winter nears
Tesla sales bounce back in Q3 but fall short of estimates
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Trade With Artificial Intelligence for Happiness (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
Trade With Artificial Intelligence for Happiness (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
The Safest Option in Trades! (Ad)pixel
Allies aim for risky Russian oil price cap as winter nears
Tesla sales bounce back in Q3 but fall short of estimates
NYSE:PDM

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

$10.56
+0.26 (+2.52%)
(As of 09/30/2022 12:00 AM ET)
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Compare
Today's Range
$10.29
$10.64
50-Day Range
$10.30
$13.76
52-Week Range
$10.15
$19.84
Volume
1.94 million shs
Average Volume
1.01 million shs
Market Capitalization
$1.30 billion
P/E Ratio
27.79
Dividend Yield
8.16%
Price Target
$17.00

Piedmont Office Realty Trust MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
61.0% Upside
$17.00 Price Target
Short Interest
Healthy
2.06% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.92mentions of Piedmont Office Realty Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$39,030 Bought Last Quarter
Proj. Earnings Growth
1.49%
From $2.02 to $2.05 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.01 out of 5 stars

Finance Sector

122nd out of 923 stocks

Nonresidential Building Operators Industry

1st out of 3 stocks

PDM stock logo

About Piedmont Office Realty Trust (NYSE:PDM) Stock

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $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 markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.

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PDM Stock News Headlines

Piedmont Office Realty Trust, Inc. (PDM)
Piedmont Office Realty Trust Becomes Oversold
Ten Major REITs With Big Year-To-Date Price Losses
Piedmont Office Realty Trust (NYSE: PDM)
Piedmont Office (PDM) Meets Q1 FFO Estimates
See More Headlines
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PDM Company Calendar

Last Earnings
7/27/2022
Ex-Dividend for 9/16 Dividend
8/25/2022
Dividend Payable
9/16/2022
Today
10/02/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Nonresidential building operators
Sub-Industry
Office REITs
Sector
Finance
CUSIP
72019020
Employees
134
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.00
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+61.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-1,150,000.00
Pretax Margin
8.76%

Debt

Sales & Book Value

Annual Sales
$528.71 million
Cash Flow
$1.66 per share
Book Value
$14.40 per share

Miscellaneous

Free Float
122,001,000
Market Cap
$1.30 billion
Optionable
Optionable
Beta
0.97

Social Links


Key Executives

  • Mr. Christopher Brent SmithMr. Christopher Brent Smith (Age 46)
    Pres, CEO & Director
    Comp: $1.52M
  • Mr. Robert E. Bowers CPAMr. Robert E. Bowers CPA (Age 65)
    CFO, Exec. VP & Chief Admin. Officer
    Comp: $986.25k
  • Mr. George M. WellsMr. George M. Wells (Age 59)
    Exec. VP & COO
    Comp: $811.25k
  • Mr. Christopher A. Kollme (Age 50)
    Exec. VP of Investments & Strategy
    Comp: $740.16k
  • Mr. Robert K. Wiberg (Age 66)
    Exec. VP of Northeast Region & Co-Head of Devel.
    Comp: $644.75k
  • Ms. Laura P. Moon (Age 51)
    Chief Accounting Officer & Sr. VP
  • Mr. Edward H. Guilbert III (Age 46)
    Exec. VP of Fin., Treasurer & Assistant Sec.
  • Thomas A. McKean
    Sr. VP, Associate Gen. Counsel & Corp. Sec.
  • Ms. Lisa M. Tyler
    VP of Human Resource
  • Mr. Joseph H. Pangburn (Age 61)
    Exec. VP of Southwest Region













PDM Stock - Frequently Asked Questions

Should I buy or sell Piedmont Office Realty Trust stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities 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 2022?

1 brokerages have issued 1-year target prices for Piedmont Office Realty Trust's stock. Their PDM share price forecasts range from $17.00 to $17.00. On average, they anticipate the company's share price to reach $17.00 in the next year. This suggests a possible upside of 61.0% 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 2022?

Piedmont Office Realty Trust's stock was trading at $18.38 at the beginning of 2022. Since then, PDM stock has decreased by 42.5% and is now trading at $10.56.
View the best growth stocks for 2022 here
.

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,110,000 shares, a decrease of 16.9% from the August 15th total of 2,540,000 shares. Based on an average daily trading volume, of 726,400 shares, the short-interest ratio is currently 2.9 days. Approximately 1.7% of the company's stock are short sold.
View Piedmont Office Realty Trust's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our PDM earnings forecast
.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) released its earnings results on Wednesday, July, 27th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.44. The real estate investment trust earned $136.31 million during the quarter, compared to the consensus estimate of $137.32 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 2.60% and a net margin of 8.77%.

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 27th. Stockholders of record on Friday, August 26th will be paid a dividend of $0.21 per share on Friday, September 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date is Thursday, August 25th.
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 8.16%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 221.05%. 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 40.98% 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 Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $1.99-$2.05 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."

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 $10.56.

How much money does Piedmont Office Realty Trust make?

Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $1.30 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 $0.38 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 10/2/2022 by MarketBeat.com Staff

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