Piedmont Office Realty Trust (NYSE:PDM) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.

A number of other analysts have also issued reports on PDM. Robert W. Baird set a $25.00 price target on Piedmont Office Realty Trust and gave the stock a “hold” rating in a research note on Wednesday, August 21st. DA Davidson lowered Piedmont Office Realty Trust from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised Piedmont Office Realty Trust from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Wednesday, November 6th. Finally, ValuEngine lowered Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Piedmont Office Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $23.33.

Shares of NYSE:PDM traded down $0.05 during trading on Friday, reaching $21.78. The stock had a trading volume of 29,335 shares, compared to its average volume of 598,389. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.48 and a current ratio of 1.48. The business has a fifty day moving average price of $21.19 and a 200-day moving average price of $20.54. The stock has a market cap of $2.74 billion, a PE ratio of 12.51 and a beta of 0.68. Piedmont Office Realty Trust has a 1-year low of $16.43 and a 1-year high of $22.58.

Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.38). The firm had revenue of $135.46 million during the quarter, compared to analyst estimates of $127.16 million. Piedmont Office Realty Trust had a return on equity of 6.58% and a net margin of 20.92%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. Sell-side analysts expect that Piedmont Office Realty Trust will post 1.78 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prime Capital Investment Advisors LLC acquired a new position in Piedmont Office Realty Trust during the second quarter worth $27,000. Garrett Wealth Advisory Group LLC acquired a new position in Piedmont Office Realty Trust during the third quarter worth $30,000. Personal Wealth Partners acquired a new position in Piedmont Office Realty Trust during the second quarter worth $36,000. Manchester Financial Inc. acquired a new position in Piedmont Office Realty Trust during the second quarter worth $43,000. Finally, Neo Ivy Capital Management acquired a new position in Piedmont Office Realty Trust during the second quarter worth $53,000. 86.83% of the stock is currently owned by institutional investors.

About Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select sub-markets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $5 billion portfolio is currently comprised of approximately 17 million square feet.

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