Piedmont Office Realty Trust (PDM) Earns Daily News Impact Score of 0.02
Media headlines about Piedmont Office Realty Trust (NYSE:PDM) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty 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 closest to one being the most favorable. Piedmont Office Realty Trust earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.1362341739778 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research analysts have commented on PDM shares. BidaskClub downgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. ValuEngine raised shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Robert W. Baird raised shares of Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $23.00 to $24.00 in a report on Monday, August 28th. Stifel Nicolaus reissued a “hold” rating and set a $21.00 price objective on shares of Piedmont Office Realty Trust in a report on Thursday, September 21st. Finally, Zacks Investment Research raised shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Piedmont Office Realty Trust has a consensus rating of “Hold” and an average target price of $22.33.
Shares of Piedmont Office Realty Trust (NYSE:PDM) traded down $0.04 during trading hours on Tuesday, hitting $20.05. 790,225 shares of the company were exchanged, compared to its average volume of 710,329. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.78. Piedmont Office Realty Trust has a 1 year low of $18.87 and a 1 year high of $23.08. The company has a market cap of $2,900.43, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 2.88 and a beta of 0.62.
Piedmont Office Realty Trust (NYSE:PDM) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. Piedmont Office Realty Trust had a net margin of 33.72% and a return on equity of 4.06%. The firm had revenue of $137.59 million during the quarter, compared to the consensus estimate of $140.39 million. During the same quarter last year, the firm earned $0.41 EPS. equities research analysts predict that Piedmont Office Realty Trust will post 1.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, November 24th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Wednesday, November 22nd. Piedmont Office Realty Trust’s payout ratio is 62.69%.
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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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