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NYSE:PDM

Piedmont Office Realty Trust Stock Forecast, Price & News

$17.96
+0.26 (+1.47 %)
(As of 05/13/2021 12:00 AM ET)
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Today's Range
$17.70
$18.08
50-Day Range
$17.12
$18.71
52-Week Range
$11.26
$19.99
Volume352,453 shs
Average Volume729,197 shs
Market Capitalization$2.23 billion
P/E Ratio6.09
Dividend Yield4.68%
Beta1.01
30 days | 90 days | 365 days | Advanced Chart
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Piedmont Office Realty Trust logo

About Piedmont Office Realty Trust

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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Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
CUSIP72019020
Phone770-418-8800
Employees137
Year FoundedN/A

Sales & Book Value

Annual Sales$533.18 million
Cash Flow$3.69 per share
Book Value$14.46 per share

Profitability

Net Income$229.26 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$2.23 billion
Next Earnings Date8/4/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.93 out of 5 stars

Finance Sector

248th out of 1,947 stocks

Nonresidential Building Operators Industry

1st out of 11 stocks

Analyst Opinion: 1.5Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Piedmont Office Realty Trust (NYSE:PDM) Frequently Asked Questions

Is Piedmont Office Realty Trust a buy right now?

1 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 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Piedmont Office Realty Trust stock.
View analyst ratings for Piedmont Office Realty Trust
or view top-rated stocks.

What stocks does MarketBeat like better than Piedmont Office Realty Trust?

Wall Street analysts have given Piedmont Office Realty Trust a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Piedmont Office Realty Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 2,360,000 shares, a decline of 17.8% from the March 15th total of 2,870,000 shares. Based on an average daily volume of 769,700 shares, the short-interest ratio is currently 3.1 days. Currently, 1.9% 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?

Piedmont Office Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Piedmont Office Realty Trust
.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced its quarterly earnings results on Wednesday, April, 28th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.39. The real estate investment trust earned $129.30 million during the quarter, compared to analyst estimates of $130.86 million. Piedmont Office Realty Trust had a net margin of 69.29% and a trailing twelve-month return on equity of 19.92%. Piedmont Office Realty Trust's revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS.
View Piedmont Office Realty Trust's earnings history
.

How has Piedmont Office Realty Trust's stock been impacted by Coronavirus (COVID-19)?

Piedmont Office Realty Trust's stock was trading at $19.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PDM stock has decreased by 8.7% and is now trading at $17.96.
View which stocks have been most impacted by COVID-19
.

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, April 28th. Shareholders of record on Friday, May 28th will be given a dividend of $0.21 per share on Friday, June 18th. This represents a $0.84 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Thursday, May 27th.
View Piedmont Office Realty Trust's dividend history
.

Is Piedmont Office Realty Trust a good dividend stock?

Piedmont Office Realty Trust pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.68%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Piedmont Office Realty Trust does not yet have a strock track record of dividend growth. The dividend payout ratio of Piedmont Office Realty Trust is 46.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 45.16% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend.
View Piedmont Office Realty Trust's dividend history.

What guidance has Piedmont Office Realty Trust issued on next quarter's earnings?

Piedmont Office Realty Trust issued an update on its FY 2021 earnings guidance on Wednesday, May, 5th. The company provided earnings per share (EPS) guidance of 1.860-1.960 for the period. The company issued revenue guidance of -.

What price target have analysts set for PDM?

1 equities research analysts have issued twelve-month price targets for Piedmont Office Realty Trust's stock. Their forecasts range from $19.00 to $19.00. On average, they expect Piedmont Office Realty Trust's stock price to reach $19.00 in the next year. This suggests a possible upside of 5.8% from the stock's current price.
View analysts' price targets for Piedmont Office Realty Trust
or view top-rated stocks among Wall Street analysts.

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the following people:
  • Mr. Christopher Brent Smith, Pres, CEO & Director (Age 45, Pay $1.22M)
  • Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 64, Pay $811.19k)
  • Mr. George M. Wells, Exec. VP of Real Estate Operations (Age 58, Pay $576.19k)
  • Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Co-Head of Devel. (Age 65, Pay $559.69k)
  • Mr. Christopher A. Kollme, Exec. VP of Capital & Strategy (Age 50, Pay $606.94k)
  • Ms. Laura P. Moon, Chief Accounting Officer & Sr. VP (Age 50)
  • Mr. Edward H. Guilbert III, Exec. VP of Fin., Treasurer & Assistant Sec. (Age 45)
  • Thomas A. McKean, Sr. VP, Associate Gen. Counsel & Corp. Sec.
  • Ms. Lisa M. Tyler, VP of Human Resource
  • Mr. Joseph H. Pangburn, Exec. VP of Southwest Region (Age 60)

Who are some of Piedmont Office Realty Trust's key competitors?

What other stocks do shareholders of Piedmont Office Realty Trust own?

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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.30%), LSV Asset Management (4.38%), Cbre Clarion Securities LLC (3.07%), Northern Trust Corp (1.95%), Geode Capital Management LLC (1.88%) and Prudential Financial Inc. (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
.

Which major investors are selling Piedmont Office Realty Trust stock?

PDM stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Northern Trust Corp, Bank of Montreal Can, Allianz Asset Management GmbH, Russell Investments Group Ltd., Los Angeles Capital Management LLC, Citigroup Inc., and Jupiter Asset Management Ltd..
View insider buying and selling activity for Piedmont Office Realty Trust
or view top insider-selling stocks.

Which major investors are buying Piedmont Office Realty Trust stock?

PDM stock was bought by a variety of institutional investors in the last quarter, including Prudential Financial Inc., BlackRock Inc., Cbre Clarion Securities LLC, Barclays PLC, Dean Investment Associates LLC, Dean Capital Management, Panagora Asset Management Inc., and Renaissance Technologies LLC. 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
or or view top insider-buying stocks.

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 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 $17.96.

How much money does Piedmont Office Realty Trust make?

Piedmont Office Realty Trust has a market capitalization of $2.23 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.

How many employees does Piedmont Office Realty Trust have?

Piedmont Office Realty Trust employs 137 workers across the globe.

What is Piedmont Office Realty Trust's official website?

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

Where are Piedmont Office Realty Trust's headquarters?

Piedmont Office Realty Trust is headquartered at 5565 GLENRIDGE CONNECTOR STE 450, ATLANTA GA, 30342.

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]


This page was last updated on 5/13/2021 by MarketBeat.com Staff
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