NYSE:PDM Piedmont Office Realty Trust (PDM) Stock Price, News & Analysis $9.44 -0.07 (-0.74%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$9.35▼$9.5850-Day Range$7.12▼$9.7652-Week Range$4.91▼$9.86Volume476,407 shsAverage Volume893,113 shsMarket Capitalization$1.17 billionP/E RatioN/ADividend Yield5.30%Price Target$11.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Piedmont Office Realty Trust alerts: Email Address Piedmont Office Realty Trust MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside16.5% Upside$11.00 Price TargetShort InterestHealthy2.05% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.52 out of 5 starsFinance Sector555th out of 871 stocksNonresidential Building Operators Industry2nd out of 3 stocks 2.5 Analyst's Opinion Consensus RatingPiedmont Office Realty Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoveragePiedmont Office Realty Trust has only been the subject of 1 research reports in the past 90 days.Read more about Piedmont Office Realty Trust's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.05% of the float of Piedmont Office Realty Trust has been sold short.Short Interest Ratio / Days to CoverPiedmont Office Realty Trust has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Piedmont Office Realty Trust has recently decreased by 3.83%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipPiedmont Office Realty Trust is a leading dividend payer. It pays a dividend yield of 5.12%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPiedmont Office Realty Trust does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 33.33% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend.Read more about Piedmont Office Realty Trust's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PDM. Previous Next 2.5 News and Social Media Coverage News SentimentPiedmont Office Realty Trust has a news sentiment score of 1.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Piedmont Office Realty Trust this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 1 people have added Piedmont Office Realty Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Piedmont Office Realty Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.29% of the stock of Piedmont Office Realty Trust is held by insiders.Percentage Held by Institutions84.48% of the stock of Piedmont Office Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Piedmont Office Realty Trust's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Piedmont Office Realty Trust are expected to remain at $1.50 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Piedmont Office Realty Trust is -15.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Piedmont Office Realty Trust is -15.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioPiedmont Office Realty Trust has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Piedmont Office Realty Trust's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyThe death of Nvidia?Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.So go here now to read my new report The Big AI Die-Up… while you still can. About Piedmont Office Realty Trust Stock (NYSE:PDM)Piedmont Office Realty Trust, Inc. (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. 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 Standard & Poor's and Moody's. The Company was designated an Energy Star Partner of the Year for 2021, 2022 and 2023, and it was the only office REIT headquartered in the Southeast to receive those designations. Approximately 85% of the Company's square footage is Energy Star certified and nearly 70% is LEED certified. Piedmont is headquartered in Atlanta, GA.Read More PDM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PDM Stock News HeadlinesSeptember 7 at 3:55 AM | americanbankingnews.comPiedmont Office Realty Trust (NYSE:PDM) Share Price Passes Above 200 Day Moving Average of $7.41August 15, 2024 | msn.comUnion Mills Homestead on Maryland Piedmont Reliability Project path, Carroll County Historic Preservation Commission Chair saysSeptember 7, 2024 | Weiss Ratings (Ad)America dodged a crisis — next time it could be much worseLegendary financial forecaster, Dr. Martin Weiss, has been warning us about it for months … He believes the next incident could lead to people seeing their bank accounts frozen.August 9, 2024 | markets.businessinsider.comStrong Leasing Activity and Strategic Financial Moves Bolster Buy Rating for Piedmont Office Realty Trust Inc.August 3, 2024 | seekingalpha.comPiedmont Office Realty Trust, Inc. (PDM) Q2 2024 Earnings Call TranscriptAugust 3, 2024 | seekingalpha.comPiedmont Office Realty Trust, Inc. (PDM) Q2 2024 Earnings Call TranscriptAugust 2, 2024 | gurufocus.comQ2 2024 Piedmont Office Realty Trust Inc Earnings Call TranscriptAugust 1, 2024 | msn.comCNQ Stock Earnings: Canadian Natural Res Beats EPS, Beats Revenue for Q2 2024September 7, 2024 | Weiss Ratings (Ad)America dodged a crisis — next time it could be much worseLegendary financial forecaster, Dr. Martin Weiss, has been warning us about it for months … He believes the next incident could lead to people seeing their bank accounts frozen.July 31, 2024 | globenewswire.comPiedmont Office Realty Trust Reports Second Quarter 2024 ResultsJuly 25, 2024 | globenewswire.comPIEDMONT OFFICE REALTY TRUST DECLARES THIRD QUARTER DIVIDENDJuly 23, 2024 | bizjournals.comLA law firm opens downtown Pittsburgh office with 17 attorneysJuly 9, 2024 | globenewswire.comPiedmont Office Realty Trust, Inc. to Report Second Quarter 2024 Financial ResultsJuly 4, 2024 | investorplace.com7 REITs Yielding 5% (or More) With Strong Upside PotentialJune 13, 2024 | globenewswire.comPiedmont Office Realty Trust Announces Pricing of Senior Notes OfferingJune 3, 2024 | globenewswire.comPiedmont REIT signs over 575,000 SF of Leases During April and May 2024May 14, 2024 | finance.yahoo.comTravel + Leisure Chooses Piedmont’s 501 W. Church Building in Downtown Orlando for New Headquarters LocationMay 14, 2024 | globenewswire.comTravel + Leisure Chooses Piedmont's 501 W. Church Building in Downtown Orlando for New Headquarters LocationSee More Headlines Receive PDM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Piedmont Office Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 6/14 Dividend5/23/2024Dividend Payable6/14/2024Last Earnings7/31/2024Ex-Dividend for 9/20 Dividend8/23/2024Today9/07/2024Dividend Payable9/20/2024Next Earnings (Estimated)11/04/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Nonresidential building operators Sub-IndustryOffice REITs Current SymbolNYSE:PDM CUSIP72019020 CIK1042776 Webwww.piedmontreit.com Phone(770) 418-8800Fax770-418-8900Employees150Year FoundedN/APrice Target and Rating Average Stock Price Target$11.00 High Stock Price Target$11.00 Low Stock Price Target$11.00 Potential Upside/Downside+16.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($0.61) Trailing P/E RatioN/A Forward P/E Ratio6.29 P/E GrowthN/ANet Income$-48,390,000.00 Net Margins-14.24% Pretax Margin-14.24% Return on Equity-4.84% Return on Assets-2.03% Debt Debt-to-Equity Ratio1.34 Current Ratio2.40 Quick Ratio2.40 Sales & Book Value Annual Sales$577.76 million Price / Sales2.03 Cash Flow$1.44 per share Price / Cash Flow6.55 Book Value$13.93 per share Price / Book0.68Miscellaneous Outstanding Shares124,000,000Free Float122,293,000Market Cap$1.17 billion OptionableOptionable Beta1.22 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Christopher Brent Smith (Age 48)President, CEO & Director Comp: $1.77MMr. Robert E. Bowers CPA (Age 67)CFO, Executive VP & Chief Administrative Officer Comp: $960.17kMr. George M. Wells (Age 61)Executive VP & COO Comp: $855.25kMr. Christopher A. Kollme (Age 52)Executive Vice President of Investments & Strategy Comp: $744kMr. Robert K. Wiberg (Age 68)Executive Vice President of Northeast Region Comp: $620.17kMs. Laura P. Moon (Age 53)Chief Accounting Officer & Senior VP Comp: $327.67kThomas A. McKeanSenior VP, Associate General Counsel & Corporate SecretaryMs. Lisa M. TylerVice President of Human ResourceMr. Damian J. Miller CFAExecutive Vice President of Dallas - Southwest RegionMr. Kevin D. FossumExecutive Vice President of Property ManagementMore ExecutivesKey CompetitorsKilroy RealtyNYSE:KRCSL Green RealtyNYSE:SLGHighwoods PropertiesNYSE:HIWDouglas EmmettNYSE:DEIEquity CommonwealthNYSE:EQCView All CompetitorsInstitutional OwnershipSystematic Financial Management LPSold 46,641 shares on 8/16/2024Ownership: 0.900%Algert Global LLCBought 19,681 shares on 8/16/2024Ownership: 0.106%Creative PlanningBought 3,496 shares on 8/16/2024Ownership: 0.043%The Manufacturers Life Insurance Company Bought 1,311 shares on 8/15/2024Ownership: 0.037%Mackenzie Financial CorpBought 13,491 shares on 8/15/2024Ownership: 0.011%View All Institutional Transactions PDM Stock Analysis - Frequently Asked Questions How have PDM shares performed this year? Piedmont Office Realty Trust's stock was trading at $7.11 at the start of the year. Since then, PDM stock has increased by 32.8% and is now trading at $9.44. View the best growth stocks for 2024 here. How were Piedmont Office Realty Trust's earnings last quarter? Piedmont Office Realty Trust, Inc. (NYSE:PDM) posted its quarterly earnings data on Wednesday, July, 31st. The real estate investment trust reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by $0.45. The real estate investment trust had revenue of $143.26 million for the quarter, compared to analyst estimates of $141.25 million. Piedmont Office Realty Trust had a negative trailing twelve-month return on equity of 4.84% and a negative net margin of 14.24%. Who are Piedmont Office Realty Trust's major shareholders? Top institutional shareholders of Piedmont Office Realty Trust include Private Management Group Inc. (3.73%), LSV Asset Management (3.63%), Wilsey Asset Management Inc. (3.15%) and Dimensional Fund Advisors LP (1.39%). Insiders that own company stock include Robert E Bowers, Edward H Guilbert III, Laura P Moon, Dale H Taysom and Barbara B Lang. View institutional ownership trends. How do I buy shares of Piedmont Office Realty Trust? Shares of PDM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Piedmont Office Realty Trust own? Based on aggregate information from My MarketBeat watchlists, some other companies that Piedmont Office Realty Trust investors own include STORE Capital (STOR), VEREIT (VER), Brandywine Realty Trust (BDN), New Residential Investment (NRZ), Omega Healthcare Investors (OHI) and Spirit Realty Capital (SRC). This page (NYSE:PDM) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. Reg A inv...Mode Mobile | SponsoredTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredSay Goodbye to the US DollarThe warning signs are everywhere… According to experts, the United States Dollar is "as good as doomed." ...Sasco Gold LLC | SponsoredElon Musk’s chilling warning for humanityThe 'invasion' I've discovered has nothing to do with the border crisis. What's happening at our southern bord...The Freeport Society | SponsoredThese 5 stocks could soar after November 4thHow to Trade this Crazy Election Year? Simple – Just Focus on These 5 stocks… Now available – a free report...StockEarnings | SponsoredMan who Predicted Trump 2016 Win: “Prepare for Election Meltdown”Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… ...Paradigm Press | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Piedmont Office Realty Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share Piedmont Office Realty Trust With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
