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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last twelve months. 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.
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2 analysts have issued twelve-month price targets for Piedmont Office Realty Trust's stock. Their PDM share price forecasts range from $14.00 to $17.00. On average, they expect the company's stock price to reach $15.50 in the next year. This suggests a possible upside of 48.8% from the stock's current price.
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Piedmont Office Realty Trust's stock was trading at $9.17 at the beginning of the year. Since then, PDM stock has increased by 13.6% and is now trading at $10.42.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our PDM earnings forecast.

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".

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its earnings results on Wednesday, October, 27th. The real estate investment trust reported $0.09 earnings per share 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 the consensus estimate 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 company's revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share.

Piedmont Office Realty Trust announced a quarterly dividend on Wednesday, February 1st. Shareholders of record on Friday, February 24th will be paid a dividend of $0.21 per share on Friday, March 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date is Thursday, February 23rd.
Read our dividend analysis for PDM.

Piedmont Office Realty Trust (NYSE:PDM) pays an annual dividend of $0.84 per share and currently has a dividend yield of 8.06%. 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.

Piedmont Office Realty Trust updated its FY23 earnings guidance on Wednesday, February, 8th. The company provided earnings per share guidance of $1.80-$1.90 for the period, compared to the consensus estimate of $1.89.

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).

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 institutional and retail investors. Top institutional shareholders include LSV Asset Management (3.48%), Private Management Group Inc. (1.79%), Nordea Investment Management AB (0.47%), Strs Ohio (0.35%), Swiss National Bank (0.24%) and Sowa Financial Group Inc. (0.21%). 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.
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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.
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One share of PDM stock can currently be purchased for approximately $10.42.

Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $1.29 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.

The company employs 134 workers across the globe.

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.