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 8.6% and is now trading at $6.50. View the best growth stocks for 2024 here .

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024. View our PDM earnings forecast .

How can I listen to Piedmont Office Realty Trust's earnings call?

Piedmont Office Realty Trust will be holding an earnings conference call on Wednesday, May 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "50330".

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

Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings data on Wednesday, February, 7th. The real estate investment trust reported ($0.23) 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 analyst estimates 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 paid a dividend of $0.125 per share on Friday, March 15th. This represents a $0.50 annualized dividend and a yield of 7.69%. 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 7.85%. 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 Invesco KBW Premium Yield Equity REIT ETF (KBWY) , GraniteShares HIPS US High Income ETF (HIPS) , Cambria Global Real Estate ETF (BLDG) and Hoya Capital High Dividend Yield ETF (RIET) . Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) .

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 EPS guidance of 1.460-1.560 for the period, compared to the consensus earnings per share 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 many different retail and institutional investors. Top institutional shareholders include Wilsey Asset Management Inc. (2.10%), Sumitomo Mitsui Trust Holdings Inc. (0.14%), Denali Advisors LLC (0.04%), DGS Capital Management LLC (0.02%), Scharf Investments LLC (0.01%) and First Trust Direct Indexing L.P. (0.01%). 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 .

NYSE:PDM

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

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Free PDM Stock Alerts

$6.50

+0.14 (+2.20%)

(As of 04/19/2024 ET)

Compare

Today's Range: $6.33
▼
$6.52
50-Day Range: $5.97
▼
$7.03
52-Week Range: $4.91
▼
$8.05

Volume: 545,655 shs
Average Volume: 899,189 shs
Market Capitalization: $805.27 million

P/E Ratio: N/A
Dividend Yield: 7.69%
Price Target: N/A

Get Piedmont Office Realty Trust alerts:

Piedmont Office Realty Trust MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
2.58% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
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.

0.58 out of 5 stars

Finance Sector

809th out of 844 stocks

Nonresidential Building Operators Industry

3rd out of 4 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Piedmont Office Realty Trust.

3.0

Short Interest

Percentage of Shares Shorted
2.58% 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 3.5, 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 19.85%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Piedmont Office Realty Trust is a leading dividend payer. It pays a dividend yield of 7.85%, 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 33.33% next year. This indicates that Piedmont Office Realty Trust will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PDM.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Piedmont Office Realty Trust this week, compared to 1 article on an average week.
Search Interest
2 people have searched for PDM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Piedmont Office Realty Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

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.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Piedmont Office Realty Trust are expected to decrease by -0.66% in the coming year, from $1.51 to $1.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Piedmont Office Realty Trust is -16.25, 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 -16.25, 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 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

PDM Stock News Headlines

April 16, 2024 | bizjournals.com

Meet Terri Bass, social worker turned luxury real estate agent

April 9, 2024 | globenewswire.com

Piedmont Office Realty Trust, Inc. to Report First Quarter 2024 Financial Results

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 6, 2024 | cnn.com

Piedmont Office Realty Trust, Inc. Class A

March 28, 2024 | globenewswire.com

Piedmont Office Realty Trust Earns ENERGY STAR® Partner Of The Year Sustained Excellence

March 20, 2024 | globenewswire.com

Piedmont Completes Sale of One Lincoln Park

February 13, 2024 | finance.yahoo.com

Is Piedmont Office Realty Trust (PDM) a Great Value Stock Right Now?

February 9, 2024 | finance.yahoo.com

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q4 2023 Earnings Call Transcript

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 9, 2024 | finanznachrichten.de

Piedmont Office Realty Trust, Inc.: Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2023 Results

February 9, 2024 | finance.yahoo.com

Q4 2023 Piedmont Office Realty Trust Inc Earnings Call

February 7, 2024 | finance.yahoo.com

Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2023 Results

February 4, 2024 | msn.com

Pamela Price recall: A hedge fund partner from Piedmont is spending big to help oust Alameda County’s new top prosecutor

February 2, 2024 | finance.yahoo.com

Here's Why Piedmont Office (PDM) Is a Great 'Buy the Bottom' Stock Now

February 1, 2024 | wsj.com

Piedmont Office Realty Trust Inc. Cl A

February 1, 2024 | finance.yahoo.com

PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND

January 22, 2024 | seekingalpha.com

Piedmont Office: Steep Discount To Book And A Covered 7% Dividend Yield

January 16, 2024 | finance.yahoo.com

Piedmont Office Realty Trust Announces Tax Treatment of 2023 Dividends

January 11, 2024 | finance.yahoo.com

Piedmont Office Realty Trust, Inc. to Report Fourth Quarter and Annual 2023 Financial Results

December 5, 2023 | finance.yahoo.com

Piedmont Office Realty Trust Announces Pricing of an Add-on Offering of Senior Notes

November 5, 2023 | seekingalpha.com

Piedmont Office: Most Risks Addressed Following Renewal Of Largest Tenant

November 1, 2023 | finance.yahoo.com

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Q3 2023 Earnings Call Transcript

November 1, 2023 | finance.yahoo.com

Q3 2023 Piedmont Office Realty Trust Inc Earnings Call

October 31, 2023 | finanznachrichten.de

Piedmont Office Realty Trust, Inc.: Piedmont Office Realty Trust Reports Third Quarter 2023 Results

October 30, 2023 | finance.yahoo.com

GE Vernova Chooses Piedmont’s Atlanta Galleria for New Strategic Hub

October 30, 2023 | finance.yahoo.com

U.S. BANCORP RENEWS 447,000 SF HEADQUARTERS IN MINNEAPOLIS, MN

October 30, 2023 | finance.yahoo.com

Piedmont Office Realty Trust Inc (PDM) Reports Q3 2023 Earnings

See More Headlines

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Company Calendar

Last Earnings: 2/07/2024
Ex-Dividend for 3/15 Dividend: 2/22/2024
Dividend Payable: 3/15/2024
Today: 4/19/2024
Next Earnings (Confirmed): 4/30/2024
Fiscal Year End: 12/31/2024

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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

Profitability

EPS (Most Recent Fiscal Year): ($0.40)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 4.30
P/E Growth: N/A
Net Income: $-48,390,000.00
Net Margins: -8.38%
Pretax Margin: -8.37%
Return on Equity: -2.72%
Return on Assets: -1.18%

Debt

Debt-to-Equity Ratio: 1.19
Current Ratio: 1.49
Quick Ratio: 1.49

Sales & Book Value

Annual Sales: $577.76 million
Price / Sales: 1.39
Cash Flow: $1.51 per share
Price / Cash Flow: 4.30
Book Value: $13.93 per share
Price / Book: 0.47

Miscellaneous

Outstanding Shares: 123,888,000
Free Float: 122,290,000
Market Cap: $805.27 million
Optionable: Optionable
Beta: 1.15

Social Links

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Key Executives

Mr. Christopher Brent Smith (Age 48)
President, CEO & Director
Comp: $1.77M
Mr. Robert E. Bowers CPA (Age 67)
CFO, Executive VP & Chief Administrative Officer
Comp: $960.17k
Mr. George M. Wells (Age 61)
Executive VP & COO
Comp: $855.25k
Mr. Christopher A. Kollme (Age 52)
Executive Vice President of Investments & Strategy
Comp: $744k
Mr. Robert K. Wiberg (Age 68)
Executive VP of Northeast Region & Co-Head of Development
Comp: $620.17k
Ms. Laura P. Moon (Age 53)
Chief Accounting Officer & Senior VP
Comp: $327.67k
Thomas A. McKean
Senior VP, Associate General Counsel & Corporate Secretary
Ms. Lisa M. Tyler
Vice President of Human Resource
Mr. Damian J. Miller CFA
Executive Vice President of Dallas - Southwest Region
Mr. Kevin D. Fossum
Executive Vice President of Property Management

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 8.6% and is now trading at $6.50.
View the best growth stocks for 2024 here.
When is Piedmont Office Realty Trust's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our PDM earnings forecast.
How can I listen to Piedmont Office Realty Trust's earnings call?: Piedmont Office Realty Trust will be holding an earnings conference call on Wednesday, May 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "50330".
How were Piedmont Office Realty Trust's earnings last quarter?: Piedmont Office Realty Trust, Inc. (NYSE:PDM) issued its quarterly earnings data on Wednesday, February, 7th. The real estate investment trust reported ($0.23) 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 analyst estimates 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 paid a dividend of $0.125 per share on Friday, March 15th. This represents a $0.50 annualized dividend and a yield of 7.69%. 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 7.85%. 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 Invesco KBW Premium Yield Equity REIT ETF (KBWY), GraniteShares HIPS US High Income ETF (HIPS), Cambria Global Real Estate ETF (BLDG) and Hoya Capital High Dividend Yield ETF (RIET).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).
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 EPS guidance of 1.460-1.560 for the period, compared to the consensus earnings per share 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 many different retail and institutional investors. Top institutional shareholders include Wilsey Asset Management Inc. (2.10%), Sumitomo Mitsui Trust Holdings Inc. (0.14%), Denali Advisors LLC (0.04%), DGS Capital Management LLC (0.02%), Scharf Investments LLC (0.01%) and First Trust Direct Indexing L.P. (0.01%). 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 4/20/2024 by MarketBeat.com Staff

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

Piedmont Office Realty Trust MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Piedmont Office Realty Trust Stock (NYSE:PDM)

PDM Stock Price History

PDM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

PDM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™