Piedmont Office Realty Trust Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Piedmont Office Realty Trust in the last year. 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 top-rated stocks.

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

Piedmont Office Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Piedmont Office Realty Trust.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings data on Wednesday, February, 10th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by $0.27. The real estate investment trust had revenue of $131.50 million for the quarter, compared to analysts' expectations of $129.43 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 for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 earnings per share.
View Piedmont Office Realty Trust's earnings history.

Piedmont Office Realty Trust's stock was trading at $19.68 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PDM shares have decreased by 10.0% and is now trading at $17.71.
View which stocks have been most impacted by COVID-19.

Piedmont Office Realty Trust announced a quarterly dividend on Tuesday, February 2nd. Investors of record on Friday, February 26th will be paid a dividend of $0.21 per share on Friday, March 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Thursday, February 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 4.76%. 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 updated its FY21 earnings guidance on Wednesday, February, 10th. The company provided EPS guidance of $1.86-$1.96 for the period, compared to the Thomson Reuters consensus estimate of $1.86.

3 brokers have issued twelve-month price objectives for Piedmont Office Realty Trust's stock. Their forecasts range from $18.00 to $22.00. On average, they anticipate Piedmont Office Realty Trust's stock price to reach $19.67 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
View analysts' price targets for Piedmont Office Realty Trust or view top-rated stocks among Wall Street analysts.

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), Douglas Emmett (DEI), SL Green Realty (SLG), CoreSite Realty (COR), 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.88%), Northern Trust Corp (2.47%), Dimensional Fund Advisors LP (2.06%), Charles Schwab Investment Management Inc. (1.69%), Heitman Real Estate Securities LLC (1.62%) and Fuller & Thaler Asset Management Inc. (1.34%). 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 Nuveen Asset Management LLC, Rothschild & Co. Asset Management US Inc., Heitman Real Estate Securities LLC, Wells Fargo & Company MN, Jupiter Asset Management Ltd., Barclays PLC, Matarin Capital Management LLC, and Dupont Capital Management Corp.
View insider buying and selling activity for Piedmont Office Realty Trust or view top insider-selling stocks.

PDM stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Kempen Capital Management N.V., MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income, Fuller & Thaler Asset Management Inc., JPMorgan Chase & Co., First Trust Advisors LP, and Private Management Group Inc.. 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.
Compare Top Brokerages Here.

One share of PDM stock can currently be purchased for approximately $17.71.

Piedmont Office Realty Trust has a market capitalization of $2.20 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 137 workers across the globe.

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

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

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]