Piedmont Office Realty Trust Stock Forecast, Price & News

Piedmont Office Realty Trust's stock was trading at $19.68 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PDM shares have decreased by 17.2% and is now trading at $16.30.
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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.

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Piedmont Office Realty Trust is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for Piedmont Office Realty Trust.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings data on Thursday, October, 29th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks' consensus estimate of $0.47 by $0.40. The real estate investment trust had revenue of $131.69 million for the quarter, compared to analysts' expectations of $132.16 million. Piedmont Office Realty Trust had a net margin of 68.72% and a return on equity of 20.58%. The firm's revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS.
View Piedmont Office Realty Trust's earnings history.

Piedmont Office Realty Trust declared a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, November 27th will be given a dividend of $0.21 per share on Monday, January 4th. This represents a $0.84 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Wednesday, November 25th.
View Piedmont Office Realty Trust's dividend history.

Piedmont Office Realty Trust issued an update on its FY20 earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of $1.88 to $1.90 for the period, compared to the Thomson Reuters consensus estimate of $1.89.

3 brokerages have issued 1-year target prices for Piedmont Office Realty Trust's stock. Their forecasts range from $18.00 to $22.00. On average, they anticipate Piedmont Office Realty Trust's share price to reach $19.67 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price.
View analysts' price targets for Piedmont Office Realty Trust.

Some companies that are related to Piedmont Office Realty Trust include Digital Realty Trust (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), Douglas Emmett (DEI), CoreSite Realty (COR), SL Green Realty (SLG), Hudson Pacific Properties (HPP), Highwoods Properties (HIW), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Mack-Cali Realty (CLI) and Franklin Street Properties (FSP).
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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), Host Hotels & Resorts (HST), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Spirit Realty Capital (SRC), AGNC Investment (AGNC), Apple Hospitality REIT (APLE) and Preferred Apartment Communities (APTS).

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

Piedmont Office Realty Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.19%), LSV Asset Management (5.07%), State Street Corp (3.97%), Heitman Real Estate Securities LLC (1.81%), Charles Schwab Investment Management Inc. (1.60%) and Robeco Institutional Asset Management B.V. (1.02%). 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.

PDM stock was sold by a variety of institutional investors in the last quarter, including Rothschild & Co. Asset Management US Inc., BlackRock Inc., State Street Corp, Sei Investments Co., Robeco Institutional Asset Management B.V., LSV Asset Management, Foundry Partners LLC, and SG Americas Securities LLC.
View insider buying and selling activity for Piedmont Office Realty Trust.

PDM stock was acquired by a variety of institutional investors in the last quarter, including Heitman Real Estate Securities LLC, Jupiter Asset Management Ltd., Hillcrest Asset Management LLC, UBS Asset Management Americas Inc., Allianz Asset Management GmbH, Voloridge Investment Management LLC, Wells Fargo & Company MN, and Vestcor Inc. 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.

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.

One share of PDM stock can currently be purchased for approximately $16.30.

Piedmont Office Realty Trust has a market capitalization of $2.05 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.

The official website for Piedmont Office Realty Trust is www.piedmontreit.com.

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]