Piedmont Office Realty Trust, Inc. (NYSE:PDM - Get Free Report) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.125 per share by the real estate investment trust on Friday, March 14th. This represents a $0.50 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Friday, February 21st.
Piedmont Office Realty Trust has decreased its dividend by an average of 15.9% annually over the last three years.
Piedmont Office Realty Trust Price Performance
Shares of PDM stock traded down $0.08 during trading hours on Friday, hitting $8.43. 424,071 shares of the company's stock were exchanged, compared to its average volume of 587,807. The stock's 50-day moving average is $8.87 and its 200-day moving average is $9.36. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.22 and a quick ratio of 2.22. Piedmont Office Realty Trust has a 52 week low of $5.93 and a 52 week high of $11.11. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -13.60 and a beta of 1.19.
Analysts Set New Price Targets
Several research firms have weighed in on PDM. Robert W. Baird cut shares of Piedmont Office Realty Trust from an "outperform" rating to a "neutral" rating and set a $11.00 price objective for the company. in a research report on Thursday, January 16th. StockNews.com lowered shares of Piedmont Office Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, January 20th. Finally, Baird R W downgraded Piedmont Office Realty Trust from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 16th.
Get Our Latest Analysis on Piedmont Office Realty Trust
Piedmont Office Realty Trust Company Profile
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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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