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

$16.68
-0.57 (-3.30 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$16.58
Now: $16.68
$17.07
50-Day Range
$13.60
MA: $16.38
$19.25
52-Week Range
$12.85
Now: $16.68
$24.78
Volume1.15 million shs
Average Volume925,609 shs
Market Capitalization$2.10 billion
P/E Ratio11.19
Dividend Yield5.04%
Beta0.75
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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Piedmont Office Realty Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.55 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$14.16 per share

Profitability

Net Income$229.26 million

Miscellaneous

Employees134
Market Cap$2.10 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PDM shares have decreased by 15.2% and is now trading at $16.68. 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) posted its earnings results on Wednesday, April, 29th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.09 by $0.02. The real estate investment trust earned $137.20 million during the quarter, compared to analyst estimates of $121.05 million. Piedmont Office Realty Trust had a return on equity of 10.75% and a net margin of 34.94%. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. 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 paid a dividend of $0.21 per share on Friday, June 19th. This represents a $0.84 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Thursday, May 28th. View Piedmont Office Realty Trust's dividend history.

What price target have analysts set for PDM?

4 Wall Street analysts 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 17.9% 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 stories about PDM stock have been trending negative on Monday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Piedmont Office Realty Trust earned a media sentiment score of -2.6 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutPiedmont Office Realty Trust.

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,520,000 shares, a decline of 12.2% from the April 30th total of 2,870,000 shares. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.0% of the shares of the company are short sold. 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."

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.79%), State Street Corp (4.33%), Cbre Clarion Securities LLC (2.38%), Geode Capital Management LLC (1.89%), Rothschild & Co. Asset Management US Inc. (1.55%) and Nuveen Asset Management LLC (1.37%). 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.

Which major investors are selling Piedmont Office Realty Trust stock?

PDM stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Cbre Clarion Securities LLC, Weiss Multi Strategy Advisers LLC, AJO LP, JPMorgan Chase & Co., Citigroup Inc., Rothschild & Co. Asset Management US Inc., and Bank of New York Mellon Corp. View insider buying and selling activity 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 Fuller & Thaler Asset Management Inc., Wellington Management Group LLP, Nuveen Asset Management LLC, Hillcrest Asset Management LLC, Matarin Capital Management LLC, Robeco Institutional Asset Management B.V., Geode Capital Management LLC, and Advisor Group Holdings 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.

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 $16.68.

How big of a company is Piedmont Office Realty Trust?

Piedmont Office Realty Trust has a market capitalization of $2.10 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 6/1/2020 by MarketBeat.com Staff

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