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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:PDM

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

$7.03
+0.23 (+3.38%)
(As of 03/28/2024 ET)
Today's Range
$6.78
$7.04
50-Day Range
$5.97
$7.41
52-Week Range
$4.91
$8.05
Volume
705,299 shs
Average Volume
918,869 shs
Market Capitalization
$870.95 million
P/E Ratio
N/A
Dividend Yield
7.11%
Price Target
N/A

Piedmont Office Realty Trust MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
2.15% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.18mentions of Piedmont Office Realty Trust in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.30%
From $1.51 to $1.43 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.

1.86 out of 5 stars

Finance Sector

644th out of 849 stocks

Nonresidential Building Operators Industry

2nd out of 3 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

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Piedmont Completes Sale of One Lincoln Park
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Q4 2023 Piedmont Office Realty Trust Inc Earnings Call
Piedmont Office Realty Trust Inc. Cl A
Q3 2023 Piedmont Office Realty Trust Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
11/22/2023
Dividend Payable
1/02/2024
Last Earnings
2/07/2024
Ex-Dividend for 3/15 Dividend
2/22/2024
Dividend Payable
3/15/2024
Today
3/28/2024
Next Earnings (Estimated)
5/06/2024
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
-8.37%

Debt

Sales & Book Value

Annual Sales
$577.76 million
Cash Flow
$1.62 per share
Book Value
$13.93 per share

Miscellaneous

Free Float
122,290,000
Market Cap
$870.95 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 on January 1st, 2024. Since then, PDM stock has decreased by 1.1% and is now trading at $7.03.
View the best growth stocks for 2024 here
.

Are investors shorting Piedmont Office Realty Trust?

Piedmont Office Realty Trust saw a increase in short interest in the month of February. As of February 29th, there was short interest totaling 2,750,000 shares, an increase of 17.5% from the February 14th total of 2,340,000 shares. Based on an average daily trading volume, of 960,600 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.3% of the company's 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 Monday, May 6th 2024.
View our PDM earnings forecast
.

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) released its earnings results on Wednesday, February, 7th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.65. The real estate investment trust had revenue of $145.33 million for the quarter, compared to the consensus estimate of $146.37 million. Piedmont Office Realty Trust had a negative net margin of 8.38% and a negative trailing twelve-month return on equity of 2.72%.

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

Piedmont Office Realty Trust declared a quarterly dividend on Thursday, February 1st. Shareholders of record on Friday, February 23rd will be given a dividend of $0.125 per share on Friday, March 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date is Thursday, February 22nd.
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 7.74%. 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?

ETFs with the largest weight of Piedmont Office Realty Trust (NYSE:PDM) stock in their portfolio include ALPS REIT Dividend Dogs ETF (RDOG) and GraniteShares HIPS US High Income ETF (HIPS).Hoya Capital High Dividend Yield ETF (RIET).

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

Piedmont Office Realty Trust updated its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 1.460-1.560 for the period, compared to the consensus estimate of 1.530. 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (15.22%), Vanguard Group Inc. (15.21%), Private Management Group Inc. (3.73%), LSV Asset Management (3.63%), Charles Schwab Investment Management Inc. (2.76%) and Nuveen Asset Management LLC (1.76%). 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 3/28/2024 by MarketBeat.com Staff

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