Piedmont Office Realty Trust Receives Average Recommendation of “Hold” from Brokerages (NYSE:PDM)
Piedmont Office Realty Trust (NYSE:PDM) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the stock, Analyst Ratings Network.com reports. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.00.
A number of analysts have recently weighed in on PDM shares. Analysts at RBC Capital raised their price target on shares of Piedmont Office Realty Trust from $18.00 to $20.00 in a research note on Friday, August 15th. They now have an “underperform” rating on the stock. 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.
Shares of Piedmont Office Realty Trust (NYSE:PDM) traded up 0.31% on Tuesday, hitting $19.59. The stock had a trading volume of 40,284 shares. Piedmont Office Realty Trust has a 52 week low of $15.83 and a 52 week high of $19.97. The stock has a 50-day moving average of $19.41 and a 200-day moving average of $18.2. The company has a market cap of $3.023 billion and a P/E ratio of 43.99.
Piedmont Office Realty Trust (NYSE:PDM) last released its earnings data on Thursday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. During the same quarter in the previous year, the company posted $0.35 earnings per share. Analysts expect that Piedmont Office Realty Trust will post $1.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Wednesday, August 27th.
Piedmont Office Realty Trust, Inc (NYSE:PDM) is a real estate investment trust (REIT).
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