NYSE:PDM

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

$7.00
+0.07 (+1.01%)
(As of 12:10 PM ET)
Today's Range
$6.97
$7.07
50-Day Range
$6.15
$7.03
52-Week Range
$4.91
$8.05
Volume
121,267 shs
Average Volume
854,983 shs
Market Capitalization
$867.23 million
P/E Ratio
N/A
Dividend Yield
7.14%
Price Target
N/A

Piedmont Office Realty Trust MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
2.21% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.47mentions of Piedmont Office Realty Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.66%
From $1.51 to $1.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.80 out of 5 stars

Finance Sector

614th out of 880 stocks

Nonresidential Building Operators Industry

2nd out of 5 stocks

PDM stock logo

About Piedmont Office Realty Trust Stock (NYSE:PDM)

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.

PDM Stock Price History

PDM Stock News Headlines

Dave Ramsey Shocks Millions With US Dollar Lunacy
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Dave Ramsey Shocks Millions With US Dollar Lunacy
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Piedmont Completes Sale of One Lincoln Park
Q4 2023 Piedmont Office Realty Trust Inc Earnings Call
Piedmont Office Realty Trust Inc. Cl A
See More Headlines
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Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 3/15 Dividend
2/22/2024
Dividend Payable
3/15/2024
Today
5/13/2024
Ex-Dividend for 6/14 Dividend
5/23/2024
Dividend Payable
6/14/2024
Next Earnings (Estimated)
7/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nonresidential building operators
Sub-Industry
Office REITs
CUSIP
72019020
Employees
150
Year Founded
N/A

Profitability

Net Income
$-48,390,000.00
Pretax Margin
-12.89%

Debt

Sales & Book Value

Annual Sales
$577.76 million
Cash Flow
$1.49 per share
Book Value
$13.93 per share

Miscellaneous

Free Float
122,293,000
Market Cap
$858.56 million
Optionable
Optionable
Beta
1.14

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Key Executives


PDM Stock Analysis - Frequently Asked Questions

How have PDM shares performed in 2024?

Piedmont Office Realty Trust's stock was trading at $7.11 at the beginning of the year. Since then, PDM shares have decreased by 1.5% and is now trading at $7.00.
View the best growth stocks for 2024 here
.

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,690,000 shares, a drop of 15.9% from the April 15th total of 3,200,000 shares. Based on an average daily trading volume, of 840,800 shares, the short-interest ratio is presently 3.2 days. Approximately 2.2% of the shares of the stock are short sold.
View Piedmont Office Realty Trust's Short Interest
.

When is Piedmont Office Realty Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our PDM earnings forecast
.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings data on Wednesday, October, 27th. The real estate investment trust reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The real estate investment trust earned $131.10 million during the quarter, compared to analysts' expectations of $130.87 million. Piedmont Office Realty Trust had a negative net margin of 12.90% and a negative trailing twelve-month return on equity of 4.29%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share.

How often does Piedmont Office Realty Trust pay dividends? What is the dividend yield for Piedmont Office Realty Trust?

Piedmont Office Realty Trust announced a quarterly dividend on Wednesday, April 24th. Investors of record on Friday, May 24th will be given a dividend of $0.125 per share on Friday, June 14th. This represents a $0.50 annualized dividend and a dividend yield of 7.14%. The ex-dividend date of this dividend is Thursday, May 23rd.
Read our dividend analysis for PDM
.

Is Piedmont Office Realty Trust a good dividend stock?

Piedmont Office Realty Trust (NYSE:PDM) pays an annual dividend of $0.50 per share and currently has a dividend yield of 7.22%. PDM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PDM.

What ETFs hold Piedmont Office Realty Trust's stock?
What guidance has Piedmont Office Realty Trust issued on next quarter's earnings?

Piedmont Office Realty Trust issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of 1.460-1.560 for the period, compared to the consensus EPS estimate of 1.520. The company issued revenue guidance of -.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Piedmont Office Realty Trust investors own include STORE Capital (STOR), VEREIT (VER), Brandywine Realty Trust (BDN), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Spirit Realty Capital (SRC), AGNC Investment (AGNC), Apple Hospitality REIT (APLE) and Preferred Apartment Communities (APTS).

Who are Piedmont Office Realty Trust's major shareholders?

Piedmont Office Realty Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.51%), Private Management Group Inc. (3.74%), LSV Asset Management (3.62%), Wilsey Asset Management Inc. (2.10%), Nordea Investment Management AB (0.67%) and SG Americas Securities LLC (0.48%). Insiders that own company stock include Barbara B Lang, Christopher Brent Smith, Dale H Taysom, Edward H Guilbert III, Glenn Gary Cohen, Laura P Moon and Robert E Bowers.
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.

This page (NYSE:PDM) was last updated on 5/13/2024 by MarketBeat.com Staff

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