Log in

NYSE:PDMPiedmont Office Realty Trust Stock Price, Forecast & News

$16.59
+0.03 (+0.18 %)
(As of 07/3/2020 04:00 PM ET)
Add
Compare
Today's Range
$16.47
Now: $16.59
$17.15
50-Day Range
$13.60
MA: $16.54
$19.97
52-Week Range
$12.85
Now: $16.59
$24.78
Volume458,562 shs
Average Volume883,106 shs
Market Capitalization$2.09 billion
P/E Ratio11.13
Dividend Yield5.06%
Beta0.74
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).
Read More
Piedmont Office Realty Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.67 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$533.18 million
Cash Flow$3.23 per share
Book Value$14.46 per share

Profitability

Net Income$229.26 million

Miscellaneous

Employees134
Market Cap$2.09 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

Receive PDM News and Ratings via Email

Sign-up to receive the latest news and ratings for PDM and its competitors with MarketBeat's FREE daily newsletter.

Piedmont Office Realty Trust (NYSE:PDM) Frequently Asked Questions

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

Piedmont Office Realty Trust's stock was trading at $19.68 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PDM shares have decreased by 15.7% and is now trading at $16.59. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Piedmont Office Realty Trust.

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 29th 2020. 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) issued its quarterly earnings data on Wednesday, April, 29th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.09 by $0.02. The real estate investment trust had revenue of $137.20 million for the quarter, compared to the consensus estimate of $121.05 million. Piedmont Office Realty Trust had a net margin of 34.94% and a return on equity of 10.75%. The business's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. 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 29th. Stockholders of record on Friday, May 29th will be given a dividend of $0.21 per share on Friday, June 19th. This represents a $0.84 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Thursday, May 28th. View Piedmont Office Realty Trust's dividend history.

What price target have analysts set for PDM?

4 brokerages have issued 12-month target prices for Piedmont Office Realty Trust's shares. 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 18.5% from the stock's current price. View analysts' price targets for Piedmont Office Realty Trust.

Has Piedmont Office Realty Trust been receiving favorable news coverage?

News coverage about PDM stock has been trending negative on Sunday, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by reviewing 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 five, with scores closest to five being the most favorable. Piedmont Office Realty Trust earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the next several days. View the latest news about Piedmont Office Realty Trust.

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a decrease in short interest in June. As of June 30th, there was short interest totaling 2,400,000 shares, a decrease of 10.1% from the June 15th total of 2,670,000 shares. Based on an average trading volume of 985,600 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.9% of the shares of the company are sold short. View Piedmont Office Realty Trust's Current Options Chain.

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

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

Who are Piedmont Office Realty Trust's key executives?

Piedmont Office Realty Trust's management team includes the following people:
  • Mr. Donald A. Miller C.F.A., CFA, CEO & Director (Age 56)
  • Mr. Christopher Brent Smith, Pres, Chief Investment Officer & Director (Age 43)
  • Mr. Robert E. Bowers, CFO, Exec. VP & Chief Admin. Officer (Age 62)
  • Mr. Robert K. Wiberg, Exec. VP of Northeast Region & Head of Devel. (Age 63)
  • Mr. Christopher A. Kollme, Exec. VP of Fin. & Strategy

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, 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 $16.59.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.09 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.

What is Piedmont Office Realty Trust's official website?

The official website for Piedmont Office Realty Trust is 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]

This page was last updated on 7/5/2020 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

  • Best-in-Class Portfolio Monitoring

    View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

  • Stock Ideas and Recommendations

    Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

  • Advanced Stock Screeners and Research Tools

    Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.