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Piedmont Office Realty Trust, Inc. (PDM)

Stock Price: $17.06 USD -0.36 (-2.07%)
Updated Feb 26, 2021 4:00 PM EST - Market closed
Market Cap 2.16B
Revenue (ttm) 535.02M
Net Income (ttm) 232.69M
Shares Out 125.73M
EPS (ttm) 1.85
PE Ratio 9.22
Forward PE n/a
Dividend $0.84
Dividend Yield 4.92%
Trading Day February 26
Last Price $17.06
Previous Close $17.42
Change ($) -0.36
Change (%) -2.07%
Day's Open 17.34
Day's Range 16.97 - 17.59
Day's Volume 1,194,223
52-Week Range 10.99 - 22.37

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GlobeNewsWire - 2 weeks ago

Atlanta, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in select sub-ma...

GlobeNewsWire - 3 weeks ago

Atlanta, GA, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has dec...

GlobeNewsWire - 1 month ago

Atlanta, GA, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter and annual 2020 financial results on We...

GlobeNewsWire - 1 month ago

Atlanta, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2020 common st...

GuruFocus - 1 month ago

"Why do you like tobacco stocks so much?" my colleague asked our boss, David Dreman (Trades, Portfolio), about two decades ago.

Other stocks mentioned: AEL, CNNE, FF, IMKTA, REGI, UNM, WOR, BIO, HUN
Seeking Alpha - 2 months ago

Office REITs are here to stay with a wider adoption of flexible working and higher office space needs per employee post-COVID. PDM offers exposure to a portfolio of East Coast and Sun Belt Cla...

GuruFocus - 3 months ago

To increase the effectiveness of screening for value opportunities, one method is to select stocks whose "Graham blended multiplier" is less than 22.5. Developed by Benjamin Graham, the pionee...

Other stocks mentioned: FFNW, HIW
Seeking Alpha - 3 months ago

Piedmont Office Realty Trust's (PDM) CEO Brent Smith on Q3 2020 Results - Earnings Call Transcript

Seeking Alpha - 3 months ago

Piedmont Office Realty Trust, Inc.'s (PDM) CEO Brent Smith on Q3 2020 Results - Earnings Call Transcript

GlobeNewsWire - 3 months ago

Atlanta, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in select sub-ma...

GlobeNewsWire - 4 months ago

Atlanta, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its third quarter 2020 financial results on Thursday, October ...

Zacks Investment Research - 5 months ago

Piedmont (PDM) adds Deluxe to tenant roster in the Atlanta Class-A office complex with further plans for development in the days to come.

GlobeNewsWire - 5 months ago

Minnesota-based company brings new tech hub to prominent Atlanta office park Minnesota-based company brings new tech hub to prominent Atlanta office park

Zacks Investment Research - 6 months ago

Let's see if Piedmont Office Realty Trust (PDM) stock is a good choice for value-oriented investors right now from multiple angles.

GlobeNewsWire - 6 months ago

Atlanta, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Part...

Zacks Investment Research - 6 months ago

Debt is something that gives you the chills since it brings with it the burden of repayment with additional interest in the future. So investors should choose stocks prudently

Other stocks mentioned: DSGX, LAKE, MEDP, WST
Seeking Alpha - 6 months ago

Piedmont Office Realty Trust, Inc.'s (PDM) CEO Brent Smith on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 6 months ago

Piedmont Office (PDM) delivered FFO and revenue surprises of -2.00% and -5.04%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

GlobeNewsWire - 6 months ago

Atlanta, GA, July 29, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in select ...

Benzinga - 6 months ago

Piedmont Office Realty (NYSE: PDM) announces its next round of earnings this Wednesday, July 29.

Zacks Investment Research - 7 months ago

We have screened bargain stocks based on EV-to-EBITDA ratio that offers a clearer picture of a company's valuation and earnings potential.

Other stocks mentioned: KEP, LH, PAGP, PFG
GlobeNewsWire - 7 months ago

Atlanta, GA, June 30, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in select amenity-rich sub-...

Forbes - 9 months ago

See two of the featured stocks from this month’s model portfolios.

Other stocks mentioned: JPM
GlobeNewsWire - 9 months ago

Atlanta, GA, May 14, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of 18 million square feet of Class A office properties loc...

Seeking Alpha - 9 months ago

Piedmont Office Realty Trust, Inc. (PDM) CEO Brent Smith on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 9 months ago

Piedmont Office (PDM) delivered FFO and revenue surprises of 0.00% and 0.17%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

GlobeNewsWire - 9 months ago

Atlanta, GA, April 29, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (the “Company” or “Piedmont”) (NYSE: PDM) announced today that it will hold its 2020 Annual Meeting of Stockholde...

Zacks Investment Research - 10 months ago

Piedmont Office Realty Trust has been struggling lately, but the selling pressure may be coming to an end soon.

GlobeNewsWire - 1 year ago

Atlanta, GA, Feb. 27, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today that its Board of Directors has appointed Glenn G. Cohen, as member of the Board,...

GlobeNewsWire - 1 year ago

Atlanta, GA, Feb. 12, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (the “Company” or “Piedmont”) (NYSE: PDM) announced today that it has completed the purchase of the “Galleria Offi...

GlobeNewsWire - 1 year ago

On 10th Anniversary of IPO, Donald A. Miller Steps Down from Board On 10th Anniversary of IPO, Donald A. Miller Steps Down from Board

Seeking Alpha - 1 year ago

Piedmont Office Realty Trust, Inc. (PDM) CEO Brent Smith on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Piedmont Office (PDM) delivered FFO and revenue surprises of 2.22% and -0.44%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

GlobeNewsWire - 1 year ago

Atlanta, GA, Jan. 22, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2019 com...

Zacks Investment Research - 1 year ago

The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do?

Other stocks mentioned: RF, SLG
Zacks Investment Research - 1 year ago

The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do?

Other stocks mentioned: OFC, RHP
Zacks Investment Research - 1 year ago

Office REITs likely to hold up well in the near term, given stellar U.S. job report, resilient macro-economic conditions and stable fundamentals.

Other stocks mentioned: CUZ, KRC
Zacks Investment Research - 1 year ago

The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do?

Other stocks mentioned: MFC, OFC
Zacks Investment Research - 1 year ago

The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do?

Other stocks mentioned: GIS, RHP
Zacks Investment Research - 1 year ago

Piedmont Office Realty's (PDM) diversified portfolio of office properties in notable central business districts, strong operating performance and large unencumbered asset base impresses Moody's.

Zacks Investment Research - 1 year ago

The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source...

Other stocks mentioned: MGIC, OFC
Seeking Alpha - 1 year ago

Piedmont Office Realty Trust, Inc. (PDM) CEO Brent Smith on Q3 2019 Results - Earnings Call Transcript

GlobeNewsWire - 1 year ago

Atlanta, GA, Aug. 26, 2019 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE: PDM) announced today that it has completed the purchase of Galleria 400 and Galleria 600, two office ...

Seeking Alpha - 1 year ago

Piedmont Office Realty Trust, Inc. (PDM) CEO Brent Smith on Q2 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Piedmont Office (PDM) delivered FFO and revenue surprises of -2.27% and 2.04%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

Piedmont Office Realty (PDM) expands footprint in Northwest Atlanta with the buyout of Galleria 100, as well assigns a lease with WeWork at 200 South Orange Avenue.

Seeking Alpha - 1 year ago

Piedmont Office Realty Trust's (PDM) CEO Don Miller on Q1 2019 Results - Earnings Call Transcript

About PDM

Piedmont Office Realty Trust (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... [Read more...]

Industry
REIT-Office
CEO
Christopher Brent Smith
Employees
137
Stock Exchange
NYSE
Ticker Symbol
PDM
Full Company Profile

Financial Performance

In 2020, PDM's revenue was $535.02 million, an increase of 0.35% compared to the previous year's $533.18 million. Earnings were $232.69 million, an increase of 1.49%.

Financial Statements

Analyst Forecasts

According to 3 analysts, the average rating for PDM stock is "Buy." The 12-month stock price forecast is 19.00, which is an increase of 11.37% from the latest price.

Price Target
$19.00
(11.37% upside)
Analyst Consensus: Buy