Piedmont Office Realty Trust (PDM) Projected to Post Earnings on Monday

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $141.29 million for the quarter. Piedmont Office Realty Trust has set its FY 2025 guidance at 1.380-1.440 EPS.

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Piedmont Office Realty Trust had a negative return on equity of 4.82% and a negative net margin of 13.86%. The business had revenue of $143.23 million during the quarter, compared to analysts' expectations of $142.16 million. On average, analysts expect Piedmont Office Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Piedmont Office Realty Trust Stock Performance

NYSE:PDM traded up $0.10 during midday trading on Wednesday, reaching $6.77. The stock had a trading volume of 961,618 shares, compared to its average volume of 836,855. The company has a quick ratio of 2.22, a current ratio of 2.10 and a debt-to-equity ratio of 1.40. The stock has a market cap of $841.99 million, a P/E ratio of -10.74 and a beta of 1.21. The firm has a fifty day simple moving average of $7.02 and a two-hundred day simple moving average of $8.53. Piedmont Office Realty Trust has a 12-month low of $5.81 and a 12-month high of $11.12.

Piedmont Office Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.39%. Piedmont Office Realty Trust's dividend payout ratio (DPR) is -79.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PDM. Robert W. Baird lowered their price objective on Piedmont Office Realty Trust from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. StockNews.com raised Piedmont Office Realty Trust from a "sell" rating to a "hold" rating in a report on Monday, February 17th. 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. Finally, Truist Financial restated a "buy" rating and set a $10.00 target price (down from $11.00) on shares of Piedmont Office Realty Trust in a research report on Tuesday, February 25th.

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.