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Piedmont Office Realty Trust, Inc. (PDM)

Stock Price: $16.30 USD -0.26 (-1.57%)
Updated November 27, 1:00 PM EST - Market closed

Stock Price Chart

Key Info

Market Cap 2.05B
Revenue (ttm) 537.65M
Net Income (ttm) 372.56M
Shares Out 126.03M
EPS (ttm) 2.95
PE Ratio 5.53
Forward PE n/a
Dividend $0.84
Dividend Yield 5.15%

Stock Quote

Trading Day November 27
Last Price $16.30
Previous Close $16.56
Change ($) -0.26
Change (%) -1.57%
Day's Open 16.55
Day's Range 16.08 - 16.55
Day's Volume 504,094
52-Week Range 11.26 - 24.78

More Stats

Market Cap 2.05B
Enterprise Value 3.65B
Earnings Date (est) Jan 1, 1970
Ex-Dividend Date Nov 25, 2020
Shares Outstanding 126.03M
Float n/a
EPS (basic) 2.96
EPS (diluted) 2.95
FCF / Share -1.32
Dividend $0.84
Dividend Yield 5.15%
Earnings Yield 18.10%
FCF Yield n/a
Payout Ratio 28.40%
Shares Short 1.99M
Short Ratio 1.97
Short % of Float n/a
Beta 0.74
PE Ratio 5.53
Forward PE n/a
P/FCF Ratio n/a
PS Ratio 3.82
PB Ratio 1.07
Revenue 537.65M
Operating Income 88.91M
Net Income 372.56M
Free Cash Flow -166.11M
Net Cash -1.59B
Net Cash / Share -12.62
Gross Margin 59.85%
Operating Margin 16.54%
Profit Margin 69.30%
FCF Margin -30.90%
ROA 1.70%
ROE 20.64%
ROIC 8.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (3)

Buy 1
Overweight 1
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$18.67*
(14.54% upside)
Low
18.0
Current: $16.30
High
20.0
Target: 18.67
*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 (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 third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.