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
Stock Exchange NYSE
Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNYSE:PDM
Previous Symbol
CUSIP72019020
Phone770-418-8800
Debt
Debt-to-Equity Ratio0.99
Current Ratio1.75
Quick Ratio1.75
Price-To-Earnings
Trailing P/E Ratio11.18
Forward P/E Ratio11.05
P/E Growth1.38
Sales & Book Value
Annual Sales$574.17 million
Price / Sales4.23
Cash Flow$2.2744 per share
Price / Cash8.31
Book Value$13.51 per share
Price / Book1.40
Profitability
EPS (Most Recent Fiscal Year)$1.75
Net Income$133.56 million
Net Margins10.13%
Return on Equity2.95%
Return on Assets1.44%
Miscellaneous
Employees136
Outstanding Shares128,370,000
Market Cap$2.43 billion
OptionableOptionable
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 declared a quarterly dividend on Thursday, November 1st. Stockholders of record on Friday, November 30th will be paid a dividend of $0.21 per share on Thursday, January 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Thursday, November 29th. View Piedmont Office Realty Trust's Dividend History.
How will Piedmont Office Realty Trust's stock buyback program work?
Piedmont Office Realty Trust announced that its Board of Directors has initiated a share repurchase program on Sunday, June 4th 2017, which allows the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its shares are undervalued.
How were Piedmont Office Realty Trust's earnings last quarter?
Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its quarterly earnings results on Tuesday, October, 30th. The real estate investment trust reported $0.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.09 by $0.04. The real estate investment trust had revenue of $129.71 million for the quarter, compared to analysts' expectations of $127.24 million. Piedmont Office Realty Trust had a return on equity of 2.95% and a net margin of 10.13%. During the same period last year, the company posted $0.42 EPS. View Piedmont Office Realty Trust's Earnings History.
When is Piedmont Office Realty Trust's next earnings date?
What guidance has Piedmont Office Realty Trust issued on next quarter's earnings?
Piedmont Office Realty Trust updated its FY18 earnings guidance on Tuesday, October, 30th. The company provided earnings per share guidance of $1.70-1.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.71.
What price target have analysts set for PDM?
4 brokers have issued 1-year price objectives for Piedmont Office Realty Trust's stock. Their predictions range from $20.00 to $23.00. On average, they anticipate Piedmont Office Realty Trust's share price to reach $21.6667 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price. 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 1 sell rating, 1 hold rating and 2 buy ratings 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?
Media headlines about PDM stock have been trending somewhat negative on Sunday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a coverage optimism score of -1.2 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the company's share price in the next several days.
Who are some of Piedmont Office Realty Trust's key competitors?
Who are Piedmont Office Realty Trust's key executives?
Piedmont Office Realty Trust's management team includes the folowing people:
- Mr. Donald A. Miller CFA, Pres, CEO & Director (Age 55)
- Mr. Robert E. Bowers, Exec. VP & CFO (Age 61)
- Mr. Christopher Brent Smith, Chief Investment Officer & Exec. VP of Northeast Region (Age 42)
- Mr. Carroll A. Reddic IV, Exec. VP of Real Estate Operations (Age 52)
- Mr. Robert K. Wiberg, Head of Devel. & Exec. VP of Mid-Atlantic Region (Age 62)
Who are Piedmont Office Realty Trust's major shareholders?
Piedmont Office Realty Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.34%), LSV Asset Management (5.64%), FMR LLC (4.17%), American Century Companies Inc. (3.91%), JPMorgan Chase & Co. (2.27%) and JPMorgan Chase & Co. (2.27%). Company insiders that own Piedmont Office Realty Trust stock include Christopher Brent Smith, Dale H Taysom, Jeffrey L Swope, Kelly Hefner Barrett, Laura P Moon and Wesley E Cantrell. View Institutional Ownership Trends for Piedmont Office Realty Trust.
Which institutional investors are selling Piedmont Office Realty Trust stock?
PDM stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Martingale Asset Management L P, FMR LLC, First Trust Advisors LP, Prudential Financial Inc., Virginia Retirement Systems ET AL, SG Americas Securities LLC and First Quadrant L P CA. View Insider Buying and Selling for Piedmont Office Realty Trust.
Which institutional investors are buying Piedmont Office Realty Trust stock?
PDM stock was bought by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., JPMorgan Chase & Co., JPMorgan Chase & Co., Matarin Capital Management LLC, Renaissance Technologies LLC, Russell Investments Group Ltd., Mesirow Financial Investment Management Equity Management and Los Angeles Capital Management & Equity Research Inc.. 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 $18.90.
How big of a company is Piedmont Office Realty Trust?
Piedmont Office Realty Trust has a market capitalization of $2.43 billion and generates $574.17 million in revenue each year. The real estate investment trust earns $133.56 million in net income (profit) each year or $1.75 on an earnings per share basis. Piedmont Office Realty Trust employs 136 workers across the globe.
What is Piedmont Office Realty Trust's official website?
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)
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.
