Piedmont Office Realty Trust (PDM) Getting Somewhat Positive Media Coverage, Analysis Shows
Media coverage about Piedmont Office Realty Trust (NYSE:PDM) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 media sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.0395078512303 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Piedmont Office Realty Trust (NYSE:PDM) opened at 20.30 on Thursday. The firm has a 50-day moving average price of $20.15 and a 200-day moving average price of $21.02. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 52.73 and a beta of 0.60. Piedmont Office Realty Trust has a 52-week low of $18.61 and a 52-week high of $23.08.
Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. The company had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $147.66 million. Piedmont Office Realty Trust had a return on equity of 2.67% and a net margin of 9.71%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Analysts predict that Piedmont Office Realty Trust will post $0.50 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Wednesday, August 23rd. Piedmont Office Realty Trust’s dividend payout ratio is presently 221.06%.
PDM has been the topic of several research reports. ValuEngine raised Piedmont Office Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research raised Piedmont Office Realty Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, July 5th. BidaskClub raised Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $21.00 price target on shares of Piedmont Office Realty Trust in a research report on Thursday, September 21st. Finally, Robert W. Baird raised Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the company from $23.00 to $24.00 in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $23.00.
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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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