Piedmont Office Realty Trust, Inc. (PDM)

NYSE: PDM · IEX Real-Time Price · USD
15.38
-0.09 (-0.55%)
May 18, 2022 11:28 AM EDT - Market open
Market Cap1.90B
Revenue (ttm)535.60M
Net Income (ttm)49.47M
Shares Out123.33M
EPS (ttm)0.40
PE Ratio38.63
Forward PEn/a
Dividend$1.05 (6.83%)
Ex-Dividend DateMay 26, 2022
Volume155,458
Open15.37
Previous Close15.46
Day's Range15.29 - 15.57
52-Week Range14.56 - 20.35
Beta0.96
AnalystsBuy
Price Target21.42 (+39.3%)
Earnings DateApr 27, 2022

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...

IndustryEquity Real Estate Investment Trusts (REITs)
Employees134
Stock ExchangeNYSE
Ticker SymbolPDM
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for PDM stock is "Buy." The 12-month stock price forecast is 21.42, which is an increase of 39.32% from the latest price.

Price Target
$21.42
(39.32% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 Kimley-...

1 week ago - GlobeNewsWire

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.S...

1 week ago - GlobeNewsWire

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?

2 weeks ago - Zacks Investment Research

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 ann...

2 weeks ago - GlobeNewsWire

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, after...

1 month ago - GlobeNewsWire

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 ear...

1 month ago - GlobeNewsWire

Piedmont Office Realty Trust Announces Receipt of Proceeds From Payoff of New Jersey Notes Receivable

Atlanta, March 29, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (the “Company”) announced today that it has received approximately $119 million in proceeds from the payoff of two no...

1 month ago - GlobeNewsWire

Leading Provider of Construction Systems Chooses Piedmont's Atlanta Galleria for New Corporate Headquarters

Atlanta, March 23, 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 it ha...

1 month ago - GlobeNewsWire

Piedmont Office Realty Trust Secures Large Renewal in Irving, TX

Atlanta, March 17, 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 it ha...

2 months ago - GlobeNewsWire

Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2021 Results

Atlanta, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in seven major Eastern U.S...

3 months ago - GlobeNewsWire

PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND

Atlanta, Feb. 02, 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 regula...

3 months ago - GlobeNewsWire

PIEDMONT OFFICE REALTY TRUST ANNOUNCES TAX TREATMENT OF 2021 DIVIDENDS

Atlanta, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2021 common stock divide...

3 months ago - GlobeNewsWire

Piedmont Office Realty Trust, Inc to Report Fourth Quarter and Annual 2021 Financial Results

Atlanta, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter financial results on Monday, February 7, 2022, after ...

4 months ago - GlobeNewsWire

Piedmont Office (PDM) Q3 FFO and Revenues Top Estimates

Piedmont Office (PDM) delivered FFO and revenue surprises of 2.04% and 0.06%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Piedmont Office Realty Trust Reports Third Quarter 2021 Results and Raises Guidance

Atlanta, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in seven major Eastern U.S...

6 months ago - GlobeNewsWire

Piedmont Office Realty Trust, Inc to Report Third Quarter 2021 Financial Results

Atlanta, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its third quarter financial results on Wednesday, October 27, 2021, afte...

7 months ago - GlobeNewsWire

Piedmont Office Realty Trust Announces Pricing of Senior Notes Offering

Atlanta, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Partnership, LP...

8 months ago - GlobeNewsWire

Is Piedmont Office (PDM) a Great Stock for Value Investors?

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

9 months ago - Zacks Investment Research

Piedmont Office (PDM) Q2 FFO Match Estimates

Piedmont Office (PDM) delivered FFO and revenue surprises of 0.00% and 2.08%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

Piedmont Office Realty Trust Reports Second Quarter 2021 Results and Raises Midpoint of 2021 Guidance

Atlanta, July 28, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in seven major Eastern U.S...

9 months ago - GlobeNewsWire

Piedmont Office Realty Trust, Inc to Report Second Quarter 2021 Financial Results

Atlanta, July 07, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its second quarter financial results on Wednesday, July 28, 2021, after ...

10 months ago - GlobeNewsWire

Piedmont Office Realty Trust Announces Completed Leasing Transactions through May and Real Estate Leadership Promotion

Atlanta, June 07, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (the “Company” or “Piedmont”) (NYSE: PDM) announced today in advance of the National Association of Real Estate Investment Trusts'...

11 months ago - GlobeNewsWire

Piedmont Office (PDM) Q1 FFO Beat Estimates

Piedmont Office (PDM) delivered FFO and revenue surprises of 2.13% and -1.14%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Piedmont Office Realty Trust Reports First Quarter 2021 Results

Atlanta, April 28, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in seven major Eastern U....

1 year ago - GlobeNewsWire

PIEDMONT OFFICE REALTY TRUST EARNS 2021 ENERGY STAR® PARTNER OF THE YEAR AWARD

Atlanta, GA, April 13, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE: PDM) today announced that the U.S. Environmental Protection Agency and the U.S. Department of Energy have recogn...

1 year ago - GlobeNewsWire