Piedmont Office Realty Trust Inc. (PDM) Announces Quarterly Dividend of $0.20
Piedmont Office Realty Trust (NYSE:PDM) declared a quarterly dividend on Monday, February 10th, American Banking News.com reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.20 per share on Friday, March 21st. This represents a $0.80 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Wednesday, February 26th.
A number of research firms have recently commented on PDM. Analysts at JPMorgan Chase & Co. downgraded shares of Piedmont Office Realty Trust from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, January 16th. On a related note, analysts at Oppenheimer initiated coverage on shares of Piedmont Office Realty Trust in a research note to investors on Monday, January 6th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.50.
Piedmont Office Realty Trust (NYSE:PDM) traded up 0.99% during mid-day trading on Monday, hitting $16.25. 1,620,237 shares of the company’s stock traded hands. Piedmont Office Realty Trust has a one year low of $15.83 and a one year high of $21.09. The stock has a 50-day moving average of $16.59 and a 200-day moving average of $17.29.
Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.37 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.37. The company had revenue of $142.90 million for the quarter, compared to the consensus estimate of $138.84 million. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts predict that Piedmont Office Realty Trust will post $1.45 earnings per share for the current fiscal year.
Piedmont Office Realty Trust, Inc (NYSE:PDM) is a real estate investment trust (REIT).
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