Piedmont Office Realty Trust, Inc. (PDM)

NYSE: PDM · IEX Real-Time Price · USD
7.09
+0.09 (1.29%)
Mar 30, 2023, 1:05 PM EDT - Market open
1.29%
Market Cap 876.01M
Revenue (ttm) 563.77M
Net Income (ttm) 146.83M
Shares Out 123.64M
EPS (ttm) 1.19
PE Ratio 5.99
Forward PE n/a
Dividend $0.84 (11.85%)
Ex-Dividend Date Feb 23, 2023
Volume 655,218
Open 7.11
Previous Close 7.00
Day's Range 7.04 - 7.21
52-Week Range 6.35 - 17.56
Beta 1.01
Analysts Buy
Price Target 12.24 (+72.64%)
Earnings Date Apr 26, 2023

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... [Read more]

Industry REIT - Office
Sector Real Estate
CEO Mr. Christopher Brent Smith
Employees 134
Stock Exchange NYSE
Ticker Symbol PDM
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 $12.24, which is an increase of 72.64% from the latest price.

Price Target
$12.24
(72.64% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Piedmont Office Realty Trust Earns ENERGY STAR® Partner Of The Year Award For Third Year In A Row

Atlanta, March 29, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today ann...

20 hours ago - GlobeNewsWire

7 REITs to Buy for March 2023

With market uncertainty weighing on investor sentiment, market participants may want to concentrate on high-potential real estate investment trusts or REITs to buy. Primarily, this financial vehicle a...

2 weeks ago - InvestorPlace

Piedmont Office (PDM) Meets Q4 FFO Estimates

Piedmont Office (PDM) delivered FFO and revenue surprises of 0% and 2.73%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2022 Results

Atlanta, Feb. 08, 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...

1 month ago - GlobeNewsWire

PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND

Atlanta, Feb. 01, 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...

2 months ago - GlobeNewsWire

PIEDMONT OFFICE REALTY TRUST ANNOUNCES TAX TREATMENT OF 2022 DIVIDENDS

Atlanta, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2022 common stock divi...

2 months ago - GlobeNewsWire

Piedmont Office Realty Trust, Inc to Report Fourth Quarter and Annual 2022 Financial Results

Atlanta, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter financial results on Wednesday, February 8, 2023, a...

2 months ago - GlobeNewsWire

Piedmont Office Realty Trust Completes Sales of Cambridge Assets and Extends $200 Million Term Loan

Atlanta, Dec. 20, 2022 (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 it ...

3 months ago - GlobeNewsWire

Piedmont Office Realty Trust Expands Board with Appointment of Mary Hager

Atlanta, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today the appointment of Mary Hager, Executive Director at global real estate investment management f...

3 months ago - GlobeNewsWire

Piedmont Office (PDM) Q3 FFO Match Estimates

Piedmont Office (PDM) delivered FFO and revenue surprises of 0% and 4.47%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Piedmont Office Realty Trust Reports Third Quarter 2022 Results

Atlanta, Nov. 02, 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 an...

5 months ago - GlobeNewsWire

Piedmont Office Realty Trust Declares Fourth Quarter Dividend

Atlanta, Oct. 25, 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 regu...

5 months ago - GlobeNewsWire

Piedmont Office Realty Trust, Inc to Report Third Quarter 2022 Financial Results

Atlanta, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its third quarter financial results on Wednesday, November 2, 2022, af...

5 months ago - GlobeNewsWire

Tesh Durvasula Joins Piedmont Office Realty Trust's Board of Directors

Atlanta, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today that its Board of Directors has appointed Venkatesh (“Tesh”) S. Durvasula, as a member of the B...

8 months ago - GlobeNewsWire

Piedmont Office (PDM) Q2 FFO Match Estimates

Piedmont Office (PDM) delivered FFO and revenue surprises of 0% and 0.73%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Piedmont Office Realty Trust Reports Second Quarter 2022 Results

Atlanta, July 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 an...

8 months ago - GlobeNewsWire

Piedmont Office Realty Trust, Inc. Reschedules Time for Second Quarter Earnings Call to 9am EDT on July 28, 2022

Atlanta, July 18, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company has rescheduled the time of its second quarter earnings conference call one hour ea...

9 months ago - GlobeNewsWire

Piedmont Office Realty Trust, Inc to Report Second Quarter 2022 Financial Results

Atlanta, July 14, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its second quarter financial results on Wednesday, July 27, 2022, afte...

9 months ago - GlobeNewsWire

Piedmont Office Realty Trust Selected as a 2022 Green Lease Leader

Atlanta, June 08, 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 that it w...

10 months ago - GlobeNewsWire

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 Kimle...

11 months 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...

11 months 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?

1 year 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 a...

1 year 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, aft...

1 year 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 e...

1 year ago - GlobeNewsWire