Piedmont Office Realty Trust, Inc. (NYSE:PDM) has been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $21.00.
PDM has been the topic of a number of research analyst reports. ValuEngine upgraded Piedmont Office Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Robert W. Baird set a $22.00 target price on Piedmont Office Realty Trust and gave the stock a “buy” rating in a research report on Thursday, February 8th. SunTrust Banks set a $21.00 target price on Piedmont Office Realty Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. Zacks Investment Research upgraded Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Piedmont Office Realty Trust in a research report on Friday, February 9th.
In related news, insider Christopher Brent Smith acquired 2,800 shares of Piedmont Office Realty Trust stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $17.80 per share, with a total value of $49,840.00. Following the completion of the purchase, the insider now directly owns 53,027 shares of the company’s stock, valued at approximately $943,880.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.76% of the company’s stock.
Shares of Piedmont Office Realty Trust (NYSE:PDM) opened at $17.64 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $2,421.73, a PE ratio of 19.17, a P/E/G ratio of 2.67 and a beta of 0.60. Piedmont Office Realty Trust has a 52-week low of $17.35 and a 52-week high of $22.74.
Piedmont Office Realty Trust (NYSE:PDM) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.63). The firm had revenue of $139.44 million during the quarter, compared to analysts’ expectations of $136.82 million. Piedmont Office Realty Trust had a return on equity of 1.16% and a net margin of 23.26%. analysts anticipate that Piedmont Office Realty Trust will post 1.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.84 annualized dividend and a yield of 4.76%. Piedmont Office Realty Trust’s payout ratio is currently 91.30%.
WARNING: “Piedmont Office Realty Trust, Inc. (PDM) Given Consensus Rating of “Hold” by Brokerages” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://sportsperspectives.com/2018/03/14/piedmont-office-realty-trust-inc-pdm-given-consensus-rating-of-hold-by-brokerages.html.
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.
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.