News articles about Piedmont Office Realty Trust (NYSE:PDM) have trended somewhat positive on Monday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Piedmont Office Realty Trust earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.9529980757968 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of research analysts recently commented on PDM shares. ValuEngine upgraded Piedmont Office Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, August 7th. BidaskClub cut Piedmont Office Realty Trust from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Robert W. Baird upgraded Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $23.00 to $24.00 in a research note on Monday, August 28th. Stifel Nicolaus restated a “hold” rating and set a $21.00 price target on shares of Piedmont Office Realty Trust in a research note on Thursday, September 21st. Finally, Zacks Investment Research upgraded Piedmont Office Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.33.
Shares of Piedmont Office Realty Trust (NYSE PDM) traded down $0.02 during mid-day trading on Monday, hitting $20.02. The company’s stock had a trading volume of 720,429 shares, compared to its average volume of 708,230. The stock has a market capitalization of $2,890.00, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 2.87 and a beta of 0.63. Piedmont Office Realty Trust has a 12 month low of $19.10 and a 12 month high of $23.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.15 and a current ratio of 2.15.
Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Piedmont Office Realty Trust had a return on equity of 4.06% and a net margin of 33.72%. The company had revenue of $137.59 million for the quarter, compared to analyst estimates of $140.39 million. During the same quarter last year, the company posted $0.41 earnings per share. research analysts forecast that Piedmont Office Realty Trust will post 1.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, November 24th will be given a $0.21 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 4.20%. Piedmont Office Realty Trust’s payout ratio is currently 62.69%.
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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