Piedmont Office Realty Trust, Inc. (PDM)

NYSE: PDM · IEX Real-Time Price · USD
7.20
-0.02 (-0.28%)
May 17, 2024, 4:00 PM EDT - Market closed
-0.28%
Market Cap 892.63M
Revenue (ttm) 579.93M
Net Income (ttm) -74.78M
Shares Out 123.89M
EPS (ttm) -0.61
PE Ratio n/a
Forward PE n/a
Dividend $0.50 (6.94%)
Ex-Dividend Date May 23, 2024
Volume 190,042
Open 7.27
Previous Close 7.22
Day's Range 7.18 - 7.27
52-Week Range 4.91 - 8.05
Beta 1.13
Analysts Hold
Price Target 11.00 (+52.78%)
Earnings Date Apr 30, 2024

About PDM

Piedmont Office Realty Trust, Inc. (also referred to herein as Piedmont or the Company) (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. 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 Standard & Poor's and Moody's. The Company was designated an Energy Star Partner of the Year for 2021, 2022 and 2023, and it was t... [Read more]

Industry REIT - Office
Sector Real Estate
CEO Christopher Brent Smith
Employees 150
Stock Exchange NYSE
Ticker Symbol PDM
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to one analyst, the rating for PDM stock is "Hold" and the 12-month stock price forecast is $11.0.

Price Target
$11.0
(52.78% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Travel + Leisure Chooses Piedmont's 501 W. Church Building in Downtown Orlando for New Headquarters Location

Will Result in the Relocation of Approximately 900 Jobs to Downtown Orlando Will Result in the Relocation of Approximately 900 Jobs to Downtown Orlando

3 days ago - GlobeNewsWire

Piedmont Office Realty Trust Reports First Quarter 2024 Results

Atlanta, April 30, 2024 (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 m...

17 days ago - GlobeNewsWire

Piedmont Office Realty Trust Declares Second Quarter Dividend

Atlanta, April 24, 2024 (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 reg...

23 days ago - GlobeNewsWire

Piedmont Office Realty Trust, Inc. to Report First Quarter 2024 Financial Results

Atlanta, April 09, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter financial results on Tuesday, April 30, 2024, after...

5 weeks ago - GlobeNewsWire

Piedmont Office Realty Trust Earns ENERGY STAR® Partner Of The Year Sustained Excellence

Atlanta, March 28, 2024 (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 th...

7 weeks ago - GlobeNewsWire

Piedmont Completes Sale of One Lincoln Park

Atlanta, March 20, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") ("Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sun Belt, announced t...

2 months ago - GlobeNewsWire

Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2023 Results

Atlanta, Feb. 07, 2024 (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...

3 months ago - GlobeNewsWire

PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND

Atlanta, Feb. 01, 2024 (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...

3 months ago - GlobeNewsWire

Piedmont Office Realty Trust Announces Tax Treatment of 2023 Dividends

Atlanta, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2023 common stock divi...

4 months ago - GlobeNewsWire

Piedmont Office Realty Trust, Inc. to Report Fourth Quarter and Annual 2023 Financial Results

Atlanta, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter financial results on Wednesday, February 7, 2024, a...

4 months ago - GlobeNewsWire

KBW Announces Index Rebalancing for Fourth-Quarter 2023

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...

5 months ago - GlobeNewsWire

Piedmont Office Realty Trust Announces Pricing of an Add-on Offering of Senior Notes

Atlanta, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Partnership, L...

5 months ago - GlobeNewsWire

Piedmont Office Realty Trust Reports Third Quarter 2023 Results

Atlanta, Oct. 30, 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...

7 months ago - GlobeNewsWire

U.S. BANCORP RENEWS 447,000 SF HEADQUARTERS IN MINNEAPOLIS, MN

Atlanta, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE: PDM) announced today that it has renewed all of U.S. Bancorp (NYSE: USB)'s 447,000 square-foot global headquarters ...

7 months ago - GlobeNewsWire

GE Vernova Chooses Piedmont's Atlanta Galleria for New Strategic Hub

Atlanta, Oct. 30, 2023 (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 h...

7 months ago - GlobeNewsWire

PIEDMONT OFFICE REALTY TRUST DECLARES FOURTH QUARTER DIVIDEND

Atlanta, Oct. 25, 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...

7 months ago - GlobeNewsWire

Piedmont Office Realty Trust, Inc. to Report Third Quarter 2023 Financial Results

Atlanta, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its third quarter financial results on Monday, October 30, 2023, after...

8 months ago - GlobeNewsWire

PIEDMONT OFFICE REALTY TRUST DECLARES THIRD QUARTER DIVIDEND

Atlanta, July 26, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today that due to increased interest expense its boar...

10 months ago - GlobeNewsWire

PIEDMONT OFFICE REALTY TRUST ANNOUNCES RESULTS OF TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 4.450% SENIOR NOTES DUE 2024

Atlanta, July 25, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (“Piedmont” or the “Company”) (NYSE: PDM), today announced the results, as of 5:00 p.m., New York City time, on July 24, 2...

10 months ago - GlobeNewsWire

Piedmont Office Realty Trust Announces Closing of Senior Notes Offering and Reports Second Quarter 2023 Results

Atlanta, July 20, 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...

10 months ago - GlobeNewsWire

Piedmont Office Realty Trust Announces Pricing of Senior Notes Offering

Atlanta, July 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Partnership, L...

10 months ago - GlobeNewsWire

PIEDMONT OFFICE REALTY TRUST COMMENCES OFFER TO PURCHASE ANY AND ALL OF ITS OUTSTANDING 4.450% SENIOR NOTES DUE 2024

Atlanta, July 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (“Piedmont” or the “Company”) (NYSE: PDM) today announced that its operating partnership, Piedmont Operating Partnership, ...

10 months ago - GlobeNewsWire

Piedmont Office Realty Trust, Inc. to Report Second Quarter 2023 Financial Results

Atlanta, July 10, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its second quarter financial results on Wednesday, July 26, 2023, afte...

11 months ago - GlobeNewsWire

The Lithium Market Could Be Set To Boom - Here Are The Top Lithium Stocks To Invest In For 2023

For investors, getting in early could be a recipe for steady returns as the lithium market booms.

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1 year ago - Forbes

Piedmont Office Realty Trust Reports First Quarter 2023 Results

Atlanta, May 01, 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 mar...

1 year ago - GlobeNewsWire