Piedmont Office Realty Trust (NYSE:PDM) Announces Earnings Results

Piedmont Office Realty Trust (NYSE:PDM) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37, Zacks reports. The business had revenue of $143.23 million for the quarter, compared to analysts’ expectations of $142.16 million. Piedmont Office Realty Trust had a negative net margin of 13.47% and a negative return on equity of 4.61%. Piedmont Office Realty Trust updated its FY 2025 guidance to 1.380-1.440 EPS.

Piedmont Office Realty Trust Stock Performance

PDM stock traded down $0.67 on Friday, hitting $7.29. The company had a trading volume of 2,141,027 shares, compared to its average volume of 549,619. Piedmont Office Realty Trust has a 12-month low of $5.93 and a 12-month high of $11.11. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.36. The stock’s 50-day simple moving average is $8.74 and its 200 day simple moving average is $9.34. The stock has a market cap of $904.33 million, a price-to-earnings ratio of -11.76 and a beta of 1.19.

Piedmont Office Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 21st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend is Friday, February 21st. Piedmont Office Realty Trust’s dividend payout ratio is currently -80.64%.

Analyst Upgrades and Downgrades

PDM has been the topic of a number of recent research reports. Robert W. Baird cut shares of Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a report on Thursday, January 16th. StockNews.com cut shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 20th. Finally, Baird R W cut shares of Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th.

Piedmont Office Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.