Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) is set to release its earnings data after the market closes on Thursday, October 24th. Analysts expect Piedmont Office Realty Trust to post earnings of $0.37 per share for the quarter. Piedmont Office Realty Trust has set its FY24 guidance at $1.46-1.52 EPS and its FY 2024 guidance at 1.460-1.520 EPS.Investors interested in participating in the company's conference call can do so using this link.
Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.45). Piedmont Office Realty Trust had a negative return on equity of 4.84% and a negative net margin of 14.24%. The company had revenue of $143.26 million during the quarter, compared to the consensus estimate of $141.25 million. On average, analysts expect Piedmont Office Realty Trust to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Piedmont Office Realty Trust Stock Performance
Shares of PDM traded up $0.06 during mid-day trading on Thursday, hitting $10.87. 631,697 shares of the company traded hands, compared to its average volume of 860,210. Piedmont Office Realty Trust has a 1 year low of $4.91 and a 1 year high of $10.94. The company has a debt-to-equity ratio of 1.34, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a 50-day moving average price of $9.64 and a two-hundred day moving average price of $8.11. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -17.82 and a beta of 1.22.
Piedmont Office Realty Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.125 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.50 dividend on an annualized basis and a yield of 4.60%. Piedmont Office Realty Trust's dividend payout ratio is presently -81.97%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on PDM shares. StockNews.com upgraded Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, July 23rd. Truist Financial reaffirmed a "buy" rating and set a $11.00 price target (up previously from $10.00) on shares of Piedmont Office Realty Trust in a research report on Wednesday, August 14th.
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About Piedmont Office Realty Trust
(
Get Free Report)
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.
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