Piedmont Office Realty Trust (PDM) Stock Price, News & Analysis

Company Overview

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. The Company was designated an Energy Star Partner of the Year for 2021, 2022 and 2023, and it was the only office REIT headquartered in the Southeast to receive those designations. Approximately 85% of the Company's square footage is Energy Star certified and nearly 70% is LEED certified. Piedmont is headquartered in Atlanta, GA.

Key Stats

• Today's Range: $8.43 to $8.84
• 50-Day Range: $8.52 to $11.08
• 52-Week Range: $5.93 to $11.11
• Volume: 2.92 million shs
• Average Volume: 869,994 shs
• Market Capitalization: $1.09 billion
• P/E Ratio: N/A
• Dividend Yield: 5.71%
• Price Target: $11.00
• Consensus Rating: Buy

Piedmont Office Realty Trust Stock Analysis - MarketRank™

Piedmont Office Realty Trust scored higher than 68% of companies evaluated by MarketBeat, and ranked 456th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Piedmont Office Realty Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Piedmont Office Realty Trust has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -0.67%

Earnings Growth

Earnings for Piedmont Office Realty Trust are expected to decrease by -0.67% in the coming year, from $1.49 to $1.48 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Piedmont Office Realty Trust is -14.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Piedmont Office Realty Trust is -14.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Piedmont Office Realty Trust has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.10% of the float of Piedmont Office Realty Trust has been sold short.

Short Interest Ratio / Days to Cover

Piedmont Office Realty Trust has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Piedmont Office Realty Trust has recently increased by 5.79%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Piedmont Office Realty Trust is a leading dividend payer. It pays a dividend yield of 5.30%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Piedmont Office Realty Trust does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Piedmont Office Realty Trust will have a dividend payout ratio of 33.78% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.10% of the float of Piedmont Office Realty Trust has been sold short.

Short Interest Ratio / Days to Cover

Piedmont Office Realty Trust has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Piedmont Office Realty Trust has recently increased by 5.79%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: N/A

News Sentiment

Piedmont Office Realty Trust has a news sentiment score of 1.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Piedmont Office Realty Trust this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Piedmont Office Realty Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.29% of the stock of Piedmont Office Realty Trust is held by insiders.

Percentage Held by Institutions

84.48% of the stock of Piedmont Office Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PDM Stock Analysis - Frequently Asked Questions

How have PDM shares performed this year?

Piedmont Office Realty Trust's stock was trading at $7.11 at the start of the year. Since then, PDM stock has increased by 23.2% and is now trading at $8.76.
View the best growth stocks for 2024 here.

How were Piedmont Office Realty Trust's earnings last quarter?

Piedmont Office Realty Trust, Inc. (NYSE:PDM) released its earnings results on Thursday, October, 24th. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.46. The real estate investment trust earned $139.29 million during the quarter, compared to analyst estimates of $143.56 million. Piedmont Office Realty Trust had a negative trailing twelve-month return on equity of 4.61% and a negative net margin of 13.47%.

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's top institutional shareholders include State Street Corp (4.42%), Private Management Group Inc. (3.36%), Geode Capital Management LLC (2.59%) and Charles Schwab Investment Management Inc. (2.30%). Insiders that own company stock include Robert E Bowers, Edward H Guilbert III, Laura P Moon, Dale H Taysom and Barbara B Lang.
View institutional ownership trends.

How do I buy shares of Piedmont Office Realty Trust?

Shares of PDM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Piedmont Office Realty Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Piedmont Office Realty Trust investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 10/24/2024
• Ex-Dividend for 1/2 Dividend: 11/22/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/02/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Nonresidential building operators
• Sub-Industry: Office REITs
• Current Symbol: NYSE:PDM
• CUSIP: 72019020
• CIK: 1042776
• Web: www.piedmontreit.com
• Phone: (770) 418-8800
• Fax: 770-418-8900
• Employees: 150
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $11.00
• High Stock Price Target: $11.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +25.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.62)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 5.88
• P/E Growth: N/A
• Net Income: $-48,390,000.00
• Net Margins: -13.47%
• Pretax Margin: -13.47%
• Return on Equity: -4.61%
• Return on Assets: -1.89%

Debt

• Debt-to-Equity Ratio: 1.36
• Current Ratio: 2.22
• Quick Ratio: 2.22

Sales & Book Value

• Annual Sales: $572.42 million
• Price / Sales: 1.90
• Cash Flow: $1.39 per share
• Price / Cash Flow: 6.28
• Book Value: $13.93 per share
• Price / Book: 0.63

Miscellaneous

• Outstanding Shares: 124,000,000
• Free Float: 122,400,000
• Market Cap: $1.09 billion
• Optionable: Optionable
• Beta: 1.20