Piedmont Office Realty Trust Stock Forecast, Price & News

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 20.5% and is now trading at $15.65.
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3 Wall Street equities 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 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Piedmont Office Realty Trust stock.
View analyst ratings for Piedmont Office Realty Trust or view MarketBeat's top 5 stock picks.

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Piedmont Office Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Piedmont Office Realty Trust.

Piedmont Office Realty Trust will be holding an earnings conference call on Wednesday, February 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) posted its quarterly earnings data on Thursday, October, 29th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.47 by $0.40. The real estate investment trust earned $131.69 million during the quarter, compared to analyst estimates of $132.16 million. Piedmont Office Realty Trust had a trailing twelve-month return on equity of 19.92% and a net margin of 69.29%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS.
View Piedmont Office Realty Trust's earnings history.

Piedmont Office Realty Trust declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.21 per share on Monday, January 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date is Wednesday, November 25th.
View Piedmont Office Realty Trust's dividend history.

Piedmont Office Realty Trust pays an annual dividend of $0.84 per share and currently has a dividend yield of 5.17%. 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.

Piedmont Office Realty Trust issued an update on its FY20 earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of $1.88 to $1.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.89.

3 analysts have issued 12-month price targets for Piedmont Office Realty Trust's shares. Their forecasts range from $18.00 to $22.00. On average, they expect Piedmont Office Realty Trust's share price to reach $19.67 in the next twelve months. This suggests a possible upside of 25.7% from the stock's current price.
View analysts' price targets for Piedmont Office Realty Trust or view Wall Street analyst' top-rated stocks.

Some companies that are related to Piedmont Office Realty Trust include Digital Realty Trust (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), CoreSite Realty (COR), Douglas Emmett (DEI), SL Green Realty (SLG), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Mack-Cali Realty (CLI) and Franklin Street Properties (FSP).
View all of PDM's competitors.

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), (HST), 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 many different retail and institutional investors. Top institutional investors include Strs Ohio (0.30%), Sowa Financial Group Inc. (0.20%), Denali Advisors LLC (0.18%), Nisa Investment Advisors LLC (0.05%), HGK Asset Management Inc. (0.03%) and Csenge Advisory Group (0.02%). 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.

PDM stock was sold by a variety of institutional investors in the last quarter, including Csenge Advisory Group, Strs Ohio, and CWM LLC.
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PDM stock was acquired by a variety of institutional investors in the last quarter, including Denali Advisors LLC, Accel Wealth Management, HGK Asset Management Inc., Nisa Investment Advisors LLC, Sowa Financial Group Inc., and First Hawaiian Bank. 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.

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.

One share of PDM stock can currently be purchased for approximately $15.65.

Piedmont Office Realty Trust has a market capitalization of $1.97 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. Piedmont Office Realty Trust employs 134 workers across the globe.

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

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 investor.ser[email protected]