Piedmont Office Realty Trust (NYSE:PDM) Releases FY 2025 Earnings Guidance

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.380-1.440 for the period, compared to the consensus EPS estimate of 1.450. The company issued revenue guidance of -.

Analyst Ratings Changes

Several brokerages recently issued reports on PDM. StockNews.com upgraded Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a research report on Monday. Baird R W cut Piedmont Office Realty Trust from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 16th. Finally, Robert W. Baird cut Piedmont Office Realty Trust from an "outperform" rating to a "neutral" rating and set a $11.00 price objective on the stock. in a research note on Thursday, January 16th.

Piedmont Office Realty Trust Stock Down 8.4 %

Shares of Piedmont Office Realty Trust stock traded down $0.67 on Monday, reaching $7.29. 2,141,027 shares of the company were exchanged, compared to its average volume of 549,619. Piedmont Office Realty Trust has a one year low of $5.93 and a one year high of $11.11. The company has a market capitalization of $904.33 million, a price-to-earnings ratio of -11.76 and a beta of 1.19. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.36. The company has a 50-day moving average of $8.70 and a 200 day moving average of $9.34.

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. Piedmont Office Realty Trust had a negative return on equity of 4.61% and a negative net margin of 13.47%. The business had revenue of $143.23 million for the quarter, compared to analysts' expectations of $142.16 million. On average, equities research analysts forecast that Piedmont Office Realty Trust will post 1.49 earnings per share for the current year.

Piedmont Office Realty Trust Announces Dividend

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

About Piedmont Office Realty Trust

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.