Piedmont Office Realty Trust, Inc. (PDM)
Stock Price:
$16.17 USD
-0.10 (-0.61%)
Updated Aug 14, 2020 4:00 PM EDT - Market closed
Key Info
| Market Cap |
2.04B |
| Revenue (ttm) |
541.38M |
| Net Income (ttm) |
372.04M |
| Shares Out |
126.03M |
| EPS (ttm) |
2.95 |
| PE Ratio |
5.48 |
| Forward PE |
n/a |
| Dividend |
$0.84 |
| Dividend Yield |
5.19% |
Stock Quote
| Trading Day |
Aug 14, 2020 |
| Last Price |
$16.17 |
| Previous Close |
$16.27 |
| Change ($) |
-0.10 |
| Change (%) |
-0.61% |
| Day's Open |
16.13 |
| Day's Range |
16.11 - 16.49 |
| Day's Volume |
527,073 |
| 52-Week Range |
12.86 - 24.78 |
More Stats
| Market Cap |
2.04B |
| Enterprise Value |
3.62B |
| Earnings Date (est) |
Nov 3, 2020 |
| Ex-Dividend Date |
May 28, 2020 |
| Shares Outstanding |
126.03M |
| Float |
124.25M |
| EPS (basic) |
2.96 |
| EPS (diluted) |
2.95 |
| FCF / Share |
-2.90 |
| Dividend |
$0.84 |
| Dividend Yield |
5.19% |
| Earnings Yield |
18.24% |
| FCF Yield |
n/a |
| Payout Ratio |
n/a |
| Shares Short |
2.21M |
| Short Ratio |
2.87 |
| Short % of Float |
2.44% |
| Beta |
0.72 |
| PE Ratio |
5.48 |
| Forward PE |
n/a |
| P/FCF Ratio |
n/a |
| PS Ratio |
3.76 |
| PB Ratio |
1.08 |
| Revenue |
541.38M |
| Operating Income |
91.49M |
| Net Income |
372.04M |
| Free Cash Flow |
-365.06M |
| Net Cash |
-1.58B |
| Net Cash / Share |
-12.56 |
| Gross Margin |
59.44% |
| Operating Margin |
16.90% |
| Profit Margin |
68.70% |
| FCF Margin |
-67.43% |
| ROA |
1.72% |
| ROE |
20.38% |
| ROIC |
n/a |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Summary
Analyst Ratings (3)
| Buy |
1 |
| Overweight |
1 |
| Hold |
1 |
| Underweight |
0 |
| Sell |
0 |
Analyst Consensus: Overweight
Price Target
$20.00*
(23.69% upside)
Low
19.0
Current: $16.17
High
21.0
Target: 20.00
*Average 12-month price target from 3 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 533 | 526 | 574 | 556 | 585 | 566 | 550 | 521 | 525 | 523 |
| Revenue Growth | 1.37% | -8.4% | 3.32% | -4.97% | 3.27% | 3.03% | 5.55% | -0.84% | 0.32% | - |
| Gross Profit | 322 | 317 | 352 | 335 | 343 | 327 | 329 | 315 | 323 | 328 |
| Operating Income | 92.27 | 116 | 81.30 | 70.78 | 73.71 | 108 | 141 | 135 | 143 | 167 |
| Net Income | 229 | 130 | 134 | 99.73 | 131 | 42.15 | 98.73 | 93.20 | 225 | 120 |
| Shares Outstanding | 126 | 130 | 145 | 145 | 151 | 154 | 165 | 170 | 173 | 171 |
| Earnings Per Share | 1.82 | 1.00 | 0.92 | 0.69 | 0.87 | 0.27 | 0.60 | 0.55 | 1.30 | 0.70 |
| EPS Growth | 82% | 8.7% | 33.33% | -20.69% | 222.22% | -55% | 9.09% | -57.69% | 85.71% | - |
| Dividend Per Share | 0.84 | 0.84 | 1.34 | 0.84 | 0.84 | 0.81 | 0.80 | 0.80 | 1.26 | 1.26 |
| Dividend Growth | 0% | -37.31% | 59.52% | 0% | 3.7% | 1.25% | 0% | -36.51% | 0% | - |
| Operating Cash Flow | 208 | 203 | 243 | 232 | 224 | 217 | 215 | 221 | 267 | 276 |
| Capital Expenditures | -430 | -224 | -115 | -460 | -507 | -286 | -542 | -108 | -216 | -114 |
| Free Cash Flow | -221 | -21.15 | 128 | -228 | -283 | -69.15 | -327 | 112 | 51.49 | 162 |
| Cash & Equivalents | 15.39 | 6.03 | 8.76 | 8.20 | 10.62 | 17.99 | 7.37 | 13.29 | 149 | 69.19 |
| Total Debt | 1,481 | 1,685 | 1,727 | 2,020 | 2,030 | 2,270 | 2,002 | 1,417 | 1,473 | 1,403 |
| Net Cash / Debt | -1,466 | -1,679 | -1,718 | -2,012 | -2,019 | -2,252 | -1,995 | -1,403 | -1,324 | -1,333 |
| Assets | 3,517 | 3,592 | 4,000 | 4,368 | 4,362 | 4,788 | 4,666 | 4,255 | 4,448 | 4,373 |
| Liabilities | 1,698 | 1,880 | 2,013 | 2,270 | 2,238 | 2,476 | 2,205 | 1,614 | 1,674 | 1,600 |
| Book Value | 1,817 | 1,710 | 1,985 | 2,096 | 2,122 | 2,310 | 2,460 | 2,639 | 2,772 | 2,767 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
Piedmont Office Realty Trust, Inc. |
| Country |
United States |
| Employees |
134 |
| CEO |
C. Brent Smith |
Stock Information
| Ticker Symbol |
PDM |
| Stock Exchange |
New York Stock Exchange |
| Sector |
Real Estate |
| Industry |
REIT—Office |
| Unique Identifier |
NYSE: PDM |
Description
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. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. 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 S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the second quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.