Piedmont Office Realty Trust, Inc. (PDM) Scheduled to Post Earnings on Monday
Piedmont Office Realty Trust, Inc. (NYSE:PDM) is scheduled to release its earnings data after the market closes on Monday, October 30th. Piedmont Office Realty Trust has set its FY17 guidance at $1.72-1.78 EPS.
Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. Piedmont Office Realty Trust had a net margin of 9.71% and a return on equity of 2.67%. The business had revenue of $148.70 million during the quarter, compared to the consensus estimate of $147.66 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect Piedmont Office Realty Trust to post $1.76 EPS for the current fiscal year and $1.71 EPS for the next fiscal year.
Piedmont Office Realty Trust, Inc. (NYSE PDM) opened at 19.58 on Monday. The firm’s 50 day moving average is $20.19 and its 200 day moving average is $20.92. Piedmont Office Realty Trust, Inc. has a 12-month low of $18.61 and a 12-month high of $23.08. The company has a market cap of $2.85 billion, a P/E ratio of 50.86 and a beta of 0.60.
A number of analysts have recently commented on PDM shares. ValuEngine cut shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research upgraded shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, July 5th. BidaskClub lowered shares of Piedmont Office Realty Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Robert W. Baird upgraded shares of Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $23.00 to $24.00 in a research report on Monday, August 28th. Finally, Stifel Nicolaus restated a “hold” rating and set a $21.00 price target on shares of Piedmont Office Realty Trust in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $22.67.
About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc is an integrated self-managed real estate investment trust (REIT). The Company’s business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture.
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