Piedmont Office Realty Trust (NYSE:PDM) Announces Quarterly Earnings Results

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37, Zacks reports. Piedmont Office Realty Trust had a negative return on equity of 4.61% and a negative net margin of 13.47%. The firm had revenue of $143.23 million during the quarter, compared to analysts' expectations of $142.16 million. Piedmont Office Realty Trust updated its FY 2025 guidance to 1.380-1.440 EPS.

Piedmont Office Realty Trust Stock Performance

Piedmont Office Realty Trust stock traded down $0.67 during mid-day trading on Monday, reaching $7.29. 2,141,027 shares of the stock traded hands, compared to its average volume of 549,619. The stock has a market capitalization of $904.33 million, a PE ratio of -11.76 and a beta of 1.19. 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 12-month low of $5.93 and a 12-month high of $11.11. The business's 50-day moving average is $8.70 and its 200-day moving average is $9.34.

Piedmont Office Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 21st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date is Friday, February 21st. Piedmont Office Realty Trust's dividend payout ratio (DPR) is presently -80.64%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com upgraded Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a research note on Monday. Robert W. Baird cut 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. Finally, Baird R W cut Piedmont Office Realty Trust from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 16th.

Piedmont Office Realty Trust Company Profile

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.