Piedmont Office Realty Trust Receives Average Rating of “Hold” from Brokerages (NYSE:PDM)
Shares of Piedmont Office Realty Trust (NYSE:PDM) have earned a consensus rating of “Hold” from the nine analysts that are covering the company, American Banking News.com reports. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $18.60.
A number of analysts have recently weighed in on PDM shares. Analysts at Morgan Stanley downgraded shares of Piedmont Office Realty Trust to an “underweight” rating in a research note on Tuesday, July 15th. They now have a $18.00 price target on the stock. Separately, 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. Finally, 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.
Shares of Piedmont Office Realty Trust (NYSE:PDM) opened at 19.43 on Wednesday. Piedmont Office Realty Trust has a 52-week low of $15.83 and a 52-week high of $19.80. The stock has a 50-day moving average of $19.04 and a 200-day moving average of $17.68. The company has a market cap of $2.997 billion and a P/E ratio of 33.17.
Piedmont Office Realty Trust (NYSE:PDM) last released its earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Piedmont Office Realty Trust will post $1.48 EPS for the current fiscal year.
Piedmont Office Realty Trust, Inc (NYSE:PDM) is a real estate investment trust (REIT).
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