Piedmont Office Realty Trust Reaches New 1-Year High at $19.41 (PDM)
Piedmont Office Realty Trust (NYSE:PDM) shares hit a new 52-week high during trading on Thursday , StockRatingsNetwork.com reports. The stock traded as high as $19.41 and last traded at $19.38, with a volume of 642,781 shares changing hands. The stock had previously closed at $18.94.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus upgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Piedmont Office Realty Trust from $20.00 to $21.00 in a research note on Tuesday, April 22nd. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Piedmont Office Realty Trust from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 16th. They now have a $17.00 price target on the stock, up previously from $16.00. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $18.75.
The stock has a 50-day moving average of $18.31 and a 200-day moving average of $17.13. The company has a market cap of $3.031 billion and a P/E ratio of 32.77.
Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.02. The company had revenue of $136.30 million for the quarter, compared to the consensus estimate of $108.71 million. On average, analysts predict that Piedmont Office Realty Trust will post $1.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Friday, May 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Wednesday, May 28th.
Piedmont Office Realty Trust, Inc (NYSE:PDM) is a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.