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Shares of Piedmont Office Realty Trust (NYSE:PDM) reached a new 52-week high on Thursday , ARN reports. The company traded as high as $19.83 and last traded at $19.74, with a volume of 382,049 shares traded. The stock had previously closed at $19.70.

A number of research firms have recently commented on PDM. 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. 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. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.60.

The stock’s 50-day moving average is $19.13 and its 200-day moving average is $17.76. The company has a market cap of $3.039 billion and a P/E ratio of 34.08.

Piedmont Office Realty Trust (NYSE:PDM) last released its earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ 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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