NYSE:PDM - Piedmont Office Realty Trust Stock Price, News, & Analysis

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$18.03 +0.21 (+1.18 %)
(As of 01/16/2019 06:52 AM ET)
Previous Close$17.82
Today's Range$17.8084 - $18.09
52-Week Range$16.43 - $20.57
Volume689,166 shs
Average Volume1.16 million shs
Market Capitalization$2.29 billion
P/E Ratio10.30
Dividend Yield4.71%
Beta0.68
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).

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Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryOffice REITs
SectorFinance
CUSIP72019020
Phone770-418-8800

Debt

Current Ratio1.75
Quick Ratio1.75

Price-To-Earnings

Sales & Book Value

Annual Sales$574.17 million
Price / Sales4.03
Cash Flow$2.3027 per share
Price / Cash Flow7.83
Book Value$13.76 per share
Price / Book1.31

Profitability

Net Income$133.56 million
Net Margins10.13%
Return on Assets1.44%

Miscellaneous

Employees136
Market Cap$2.29 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 announced 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 4.66%. The ex-dividend date of this dividend 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 authorized a share repurchase program on Sunday, June 4th 2017, which allows the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) released its quarterly earnings results on Tuesday, October, 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. The real estate investment trust earned $129.71 million during 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 quarter in the previous year, the business earned $0.42 earnings per share. View Piedmont Office Realty Trust's Earnings History.

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

Piedmont Office Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for Piedmont Office Realty Trust.

How can I listen to Piedmont Office Realty Trust's earnings call?

Piedmont Office Realty Trust will be holding an earnings conference call on Wednesday, February 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8666826100.

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

Piedmont Office Realty Trust issued an update on its FY18 earnings guidance on Tuesday, October, 30th. The company provided EPS guidance of $1.70-1.73 for the period, compared to the Thomson Reuters consensus estimate of $1.71.

What price target have analysts set for PDM?

4 brokerages have issued 1 year price objectives for Piedmont Office Realty Trust's shares. Their forecasts range from $20.00 to $23.00. On average, they expect Piedmont Office Realty Trust's stock price to reach $21.6667 in the next twelve months. This suggests a possible upside of 20.2% 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 trended somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Piedmont Office Realty Trust earned a daily sentiment score of 0.7 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the next few 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, CEO & Director (Age 56)
  • Mr. Christopher Brent Smith, Pres & Chief Investment Officer (Age 43)
  • Mr. Robert E. Bowers, Exec. VP & CFO (Age 62)
  • Mr. Carroll A. Reddic IV, Exec. VP of Real Estate Operations (Age 53)
  • Mr. Robert K. Wiberg, Head of Devel. & Exec. VP of Mid-Atlantic Region (Age 63)

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.03%). 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 major investors are buying Piedmont Office Realty Trust stock?

PDM stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $18.03.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.29 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?

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

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)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  247 (Vote Outperform)
Underperform Votes:  414 (Vote Underperform)
Total Votes:  661
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.
This page was last updated on 1/16/2019 by MarketBeat.com Staff

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