Piedmont Office Realty Trust, Inc. (PDM)
Market Cap | 876.01M |
Revenue (ttm) | 563.77M |
Net Income (ttm) | 146.83M |
Shares Out | 123.64M |
EPS (ttm) | 1.19 |
PE Ratio | 5.99 |
Forward PE | n/a |
Dividend | $0.84 (11.85%) |
Ex-Dividend Date | Feb 23, 2023 |
Volume | 655,218 |
Open | 7.11 |
Previous Close | 7.00 |
Day's Range | 7.04 - 7.21 |
52-Week Range | 6.35 - 17.56 |
Beta | 1.01 |
Analysts | Buy |
Price Target | 12.24 (+72.64%) |
Earnings Date | Apr 26, 2023 |
About PDM
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 i... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for PDM stock is "Buy." The 12-month stock price forecast is $12.24, which is an increase of 72.64% from the latest price.
News

Piedmont Office Realty Trust Earns ENERGY STAR® Partner Of The Year Award For Third Year In A Row
Atlanta, March 29, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today ann...

7 REITs to Buy for March 2023
With market uncertainty weighing on investor sentiment, market participants may want to concentrate on high-potential real estate investment trusts or REITs to buy. Primarily, this financial vehicle a...

Piedmont Office (PDM) Meets Q4 FFO Estimates
Piedmont Office (PDM) delivered FFO and revenue surprises of 0% and 2.73%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2022 Results
Atlanta, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt ma...

PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND
Atlanta, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has declared a regu...

PIEDMONT OFFICE REALTY TRUST ANNOUNCES TAX TREATMENT OF 2022 DIVIDENDS
Atlanta, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2022 common stock divi...

Piedmont Office Realty Trust, Inc to Report Fourth Quarter and Annual 2022 Financial Results
Atlanta, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter financial results on Wednesday, February 8, 2023, a...

Piedmont Office Realty Trust Completes Sales of Cambridge Assets and Extends $200 Million Term Loan
Atlanta, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sun Belt, announced today that it ...

Piedmont Office Realty Trust Expands Board with Appointment of Mary Hager
Atlanta, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today the appointment of Mary Hager, Executive Director at global real estate investment management f...

Piedmont Office (PDM) Q3 FFO Match Estimates
Piedmont Office (PDM) delivered FFO and revenue surprises of 0% and 4.47%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Piedmont Office Realty Trust Reports Third Quarter 2022 Results
Atlanta, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, today an...

Piedmont Office Realty Trust Declares Fourth Quarter Dividend
Atlanta, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has declared a regu...

Piedmont Office Realty Trust, Inc to Report Third Quarter 2022 Financial Results
Atlanta, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its third quarter financial results on Wednesday, November 2, 2022, af...

Tesh Durvasula Joins Piedmont Office Realty Trust's Board of Directors
Atlanta, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today that its Board of Directors has appointed Venkatesh (“Tesh”) S. Durvasula, as a member of the B...

Piedmont Office (PDM) Q2 FFO Match Estimates
Piedmont Office (PDM) delivered FFO and revenue surprises of 0% and 0.73%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Piedmont Office Realty Trust Reports Second Quarter 2022 Results
Atlanta, July 27, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, today an...

Piedmont Office Realty Trust, Inc. Reschedules Time for Second Quarter Earnings Call to 9am EDT on July 28, 2022
Atlanta, July 18, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company has rescheduled the time of its second quarter earnings conference call one hour ea...

Piedmont Office Realty Trust, Inc to Report Second Quarter 2022 Financial Results
Atlanta, July 14, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its second quarter financial results on Wednesday, July 27, 2022, afte...

Piedmont Office Realty Trust Selected as a 2022 Green Lease Leader
Atlanta, June 08, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today that it w...

Piedmont Office Realty Trust Leases Kimley-Horn Over 60,000 Square Feet in Downtown Orlando
Atlanta, May 11, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (“Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, today announced that Kimle...

Piedmont Office Realty Trust Earns ENERGY STAR® Partner of the Year Award for Second Year in a Row
Atlanta, May 10, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, today announced that the U...

Piedmont Office (PDM) Meets Q1 FFO Estimates
Piedmont Office (PDM) delivered FFO and revenue surprises of 0% and 0.20%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Piedmont Office Realty Trust Reports First Quarter 2022 Results
Atlanta, April 27, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, today a...

Piedmont Office Realty Trust, Inc to Report First Quarter 2022 Financial Results
Atlanta, April 12, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter financial results on Wednesday, April 27, 2022, aft...

Piedmont Office Realty Trust Awarded The WELL Health-Safety Rating for Entire Portfolio
Atlanta, March 30, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today it has e...