Piedmont Office Realty Trust (NYSE:PDM – Get Rating) is set to post its quarterly earnings results after the market closes on Wednesday, April 27th. Analysts expect Piedmont Office Realty Trust to post earnings of $0.50 per share for the quarter. Piedmont Office Realty Trust has set its FY22 guidance at $1.97-$2.07 EPS and its FY 2022 guidance at $1.970-$2.070 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Piedmont Office Realty Trust (NYSE:PDM – Get Rating) last released its quarterly earnings data on Monday, February 7th. The real estate investment trust reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.76). The business had revenue of $138.16 million for the quarter, compared to the consensus estimate of $135.05 million. Piedmont Office Realty Trust had a negative return on equity of 0.06% and a negative net margin of 0.22%. On average, analysts expect Piedmont Office Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE:PDM opened at $16.68 on Wednesday. The company has a 50-day moving average of $16.80 and a 200-day moving average of $17.81. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -1,668.00 and a beta of 0.97. Piedmont Office Realty Trust has a 52 week low of $15.67 and a 52 week high of $20.35. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.56 and a current ratio of 2.56.
A number of research firms have recently commented on PDM. Zacks Investment Research downgraded shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. StockNews.com assumed coverage on shares of Piedmont Office Realty Trust in a report on Thursday, March 31st. They set a “hold” rating for the company.
In other Piedmont Office Realty Trust news, Director Glenn Gary Cohen bought 5,000 shares of Piedmont Office Realty Trust stock in a transaction dated Thursday, February 24th. The shares were acquired at an average cost of $15.82 per share, with a total value of $79,100.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 1.13% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of PDM. Morgan Stanley raised its position in Piedmont Office Realty Trust by 50.2% in the 2nd quarter. Morgan Stanley now owns 219,973 shares of the real estate investment trust’s stock worth $4,063,000 after purchasing an additional 73,501 shares during the last quarter. Two Sigma Investments LP bought a new position in Piedmont Office Realty Trust in the 3rd quarter worth approximately $330,000. Janus Henderson Group PLC bought a new position in Piedmont Office Realty Trust in the 3rd quarter worth approximately $218,000. Invesco Ltd. raised its position in Piedmont Office Realty Trust by 14.2% in the 4th quarter. Invesco Ltd. now owns 294,807 shares of the real estate investment trust’s stock worth $5,419,000 after purchasing an additional 36,653 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Piedmont Office Realty Trust by 15.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,243,129 shares of the real estate investment trust’s stock valued at $22,848,000 after acquiring an additional 164,648 shares during the last quarter. Hedge funds and other institutional investors own 81.15% of the company’s stock.
Piedmont Office Realty Trust Company Profile (Get Rating)
Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt.
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