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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:PDM

Piedmont Office Realty Trust Stock Forecast, Price & News

$13.33
+0.21 (+1.60%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$13.01
$13.38
50-Day Range
$12.81
$16.89
52-Week Range
$12.69
$19.84
Volume
897,282 shs
Average Volume
837,682 shs
Market Capitalization
$1.64 billion
P/E Ratio
33.33
Dividend Yield
6.40%
Price Target
N/A

Piedmont Office Realty Trust Stock Forecast (MarketRank)

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
2.18% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.07mentions of Piedmont Office Realty Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$122.72 K Sold Last Quarter
Proj. Earnings Growth
2.45%
From $2.04 to $2.09 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.52 out of 5 stars

Finance Sector

758th out of 1,393 stocks

Nonresidential Building Operators Industry

3rd out of 6 stocks

30 days | 90 days | 365 days | Advanced Chart

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Piedmont Office Realty Trust logo

About Piedmont Office Realty Trust (NYSE:PDM)

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.

PDM Stock News Headlines

Piedmont Office (PDM) Meets Q1 FFO Estimates
Piedmont Office Realty Trust: Continued Mediocrity
See More Headlines

Industry, Sector and Symbol

Industry
Nonresidential building operators
Sub-Industry
Office REITs
Sector
Finance
CUSIP
72019020
Employees
134
Year Founded
N/A

Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 6/17 Dividend
5/26/2022
Dividend Payable
6/17/2022
Today
7/02/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

Profitability

Net Income
$-1.15 million
Pretax Margin
9.23%

Debt

Sales & Book Value

Annual Sales
$528.71 million
Cash Flow
$1.60 per share
Book Value
$14.40 per share

Miscellaneous

Free Float
121,937,000
Market Cap
$1.64 billion
Optionable
Optionable
Beta
0.95

Social Links















Piedmont Office Realty Trust Frequently Asked Questions

How has Piedmont Office Realty Trust's stock performed in 2022?

Piedmont Office Realty Trust's stock was trading at $18.38 at the start of the year. Since then, PDM stock has decreased by 27.5% and is now trading at $13.33.
View the best growth stocks for 2022 here
.

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,660,000 shares, an increase of 21.5% from the May 31st total of 2,190,000 shares. Based on an average trading volume of 842,900 shares, the short-interest ratio is presently 3.2 days. Approximately 2.2% of the shares of the 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, July 27th 2022.
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 data on Wednesday, April, 27th. The real estate investment trust reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by $0.02. The real estate investment trust earned $136.15 million during the quarter, compared to analyst estimates of $135.88 million. Piedmont Office Realty Trust had a net margin of 9.24% and a trailing twelve-month return on equity of 2.69%.
View Piedmont Office Realty Trust's earnings history
.

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 27th. Stockholders of record on Friday, May 27th will be given a dividend of $0.21 per share on Friday, June 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend is Thursday, May 26th.
View Piedmont Office Realty Trust's dividend history
.

Is Piedmont Office Realty Trust a good dividend stock?

Piedmont Office Realty Trust(NYSE:PDM) pays an annual dividend of $0.84 per share and currently has a dividend yield of 6.40%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Piedmont Office Realty Trust is 210.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 40.19% 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.

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 46, Pay $1.52M) (LinkedIn Profile)
  • Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 65, Pay $986.25k)
  • Mr. George M. Wells, Exec. VP & COO (Age 59, Pay $811.25k)
  • Mr. Christopher A. Kollme, Exec. VP of Investments & Strategy (Age 50, Pay $740.16k)
  • Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Co-Head of Devel. (Age 66, Pay $644.75k)
  • Ms. Laura P. Moon, Chief Accounting Officer & Sr. VP (Age 51)
  • Mr. Edward H. Guilbert III, Exec. VP of Fin., Treasurer & Assistant Sec. (Age 46)
  • 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 61)

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."

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 $13.33.

How much money does Piedmont Office Realty Trust make?

Piedmont Office Realty Trust (NYSE:PDM) has a market capitalization of $1.64 billion and generates $528.71 million in revenue each year. The real estate investment trust earns $-1.15 million in net income (profit) each year or $0.40 on an earnings per share basis.

How many employees does Piedmont Office Realty Trust have?

Piedmont Office Realty Trust employs 134 workers across the globe.

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 official website for Piedmont Office Realty Trust 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.

This page (NYSE:PDM) was last updated on 7/2/2022 by MarketBeat.com Staff

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