Piedmont Office Realty Trust (PDM) Expected to Announce Quarterly Earnings on Thursday

Piedmont Office Realty Trust (NYSE:PDM - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Piedmont Office Realty Trust to post earnings of $0.37 per share and revenue of $141.96 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Piedmont Office Realty Trust Trading Down 0.9 %

PDM stock traded down $0.08 during trading on Friday, reaching $8.43. The company had a trading volume of 424,071 shares, compared to its average volume of 549,619. Piedmont Office Realty Trust has a 52 week low of $5.93 and a 52 week high of $11.11. The company has a market cap of $1.05 billion, a P/E ratio of -13.60 and a beta of 1.19. The business has a 50 day moving average of $8.87 and a 200 day moving average of $9.37. 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 Dividend Announcement

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. The ex-dividend date is Friday, February 21st. This represents a $0.50 dividend on an annualized basis and a yield of 5.93%. Piedmont Office Realty Trust's dividend payout ratio (DPR) is -80.64%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PDM shares. StockNews.com downgraded shares of Piedmont Office Realty Trust from a "hold" rating to a "sell" rating in a research note on Monday, January 20th. Baird R W lowered shares of 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 shares of Piedmont Office Realty Trust from an "outperform" rating to a "neutral" rating and set a $11.00 target price for the company. in a report on Thursday, January 16th.

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.