Piedmont Office Realty Trust (PDM) to Release Quarterly Earnings on Monday

Piedmont Office Realty Trust (NYSE:PDM) is expected to be releasing its Q1 2025 earnings data after the market closes on Monday, April 28th. Analysts expect Piedmont Office Realty Trust to post earnings of $0.35 per share and revenue of $141.29 million for the quarter. Piedmont Office Realty Trust has set its FY 2025 guidance at 1.380-1.440 EPS.

Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The business had revenue of $143.23 million during the quarter, compared to analyst estimates of $142.16 million. Piedmont Office Realty Trust had a negative return on equity of 4.82% and a negative net margin of 13.86%. On average, analysts expect Piedmont Office Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Piedmont Office Realty Trust Price Performance

PDM opened at $6.79 on Friday. Piedmont Office Realty Trust has a 1 year low of $5.81 and a 1 year high of $11.12. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.10 and a quick ratio of 2.22. The company has a market capitalization of $844.73 million, a price-to-earnings ratio of -10.78 and a beta of 1.21. The firm’s fifty day moving average price is $6.99 and its two-hundred day moving average price is $8.48.

Piedmont Office Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend was Friday, February 21st. Piedmont Office Realty Trust’s payout ratio is currently -79.37%.

Analyst Upgrades and Downgrades

Several research firms have commented on PDM. Baird R W cut shares of Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 16th. Truist Financial reissued a “buy” rating and issued a $10.00 price objective (down previously from $11.00) on shares of Piedmont Office Realty Trust in a research report on Tuesday, February 25th. StockNews.com upgraded Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Finally, Robert W. Baird decreased their price objective on shares of Piedmont Office Realty Trust from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, February 24th.

Piedmont Office Realty Trust Company Profile

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.