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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

Stock Price Chart

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

Year2019201820172016201520142013201220112010
Revenue533526574556585566550521525523
Revenue Growth1.37%-8.4%3.32%-4.97%3.27%3.03%5.55%-0.84%0.32%-
Gross Profit322317352335343327329315323328
Operating Income92.2711681.3070.7873.71108141135143167
Net Income22913013499.7313142.1598.7393.20225120
Shares Outstanding126130145145151154165170173171
Earnings Per Share1.821.000.920.690.870.270.600.551.300.70
EPS Growth82%8.7%33.33%-20.69%222.22%-55%9.09%-57.69%85.71%-
Dividend Per Share0.840.841.340.840.840.810.800.801.261.26
Dividend Growth0%-37.31%59.52%0%3.7%1.25%0%-36.51%0%-
Operating Cash Flow208203243232224217215221267276
Capital Expenditures-430-224-115-460-507-286-542-108-216-114
Free Cash Flow-221-21.15128-228-283-69.15-32711251.49162
Cash & Equivalents15.396.038.768.2010.6217.997.3713.2914969.19
Total Debt1,4811,6851,7272,0202,0302,2702,0021,4171,4731,403
Net Cash / Debt-1,466-1,679-1,718-2,012-2,019-2,252-1,995-1,403-1,324-1,333
Assets3,5173,5924,0004,3684,3624,7884,6664,2554,4484,373
Liabilities1,6981,8802,0132,2702,2382,4762,2051,6141,6741,600
Book Value1,8171,7101,9852,0962,1222,3102,4602,6392,7722,767
Numbers in millions USD, except per-share numbers.

Company Profile

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.