Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $21.00.
Several brokerages recently commented on PDM. ValuEngine raised Piedmont Office Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Robert W. Baird set a $22.00 target price on Piedmont Office Realty Trust and gave the company a “buy” rating in a research report on Thursday, February 8th. Stifel Nicolaus downgraded Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday. SunTrust Banks set a $20.00 target price on Piedmont Office Realty Trust and gave the company a “hold” rating in a research report on Tuesday, March 6th. Finally, Zacks Investment Research downgraded Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th.
In related news, insider Christopher Brent Smith bought 2,800 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $17.80 per share, for a total transaction of $49,840.00. Following the completion of the transaction, the insider now owns 53,027 shares of the company’s stock, valued at $943,880.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.76% of the stock is currently owned by insiders.
Shares of Piedmont Office Realty Trust (NYSE:PDM) opened at $17.64 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.87. Piedmont Office Realty Trust has a fifty-two week low of $17.35 and a fifty-two week high of $22.74. The company has a market capitalization of $2,421.73, a price-to-earnings ratio of 19.17, a P/E/G ratio of 2.67 and a beta of 0.60.
Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.63). Piedmont Office Realty Trust had a return on equity of 1.16% and a net margin of 23.26%. The firm had revenue of $139.44 million during the quarter, compared to the consensus estimate of $136.82 million. analysts forecast that Piedmont Office Realty Trust will post 1.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.84 annualized dividend and a yield of 4.76%. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is presently 91.30%.
Piedmont Office Realty Trust Company Profile
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.
Receive News & Ratings for Piedmont Office Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piedmont Office Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.