Press coverage about Piedmont Office Realty Trust (NYSE:PDM) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Piedmont Office Realty Trust earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.6983476015628 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Contrasting Sampo (SAXPY) & Piedmont Office Realty Trust (PDM) (americanbankingnews.com)
- Piedmont Office Realty Trust (PDM) Expected to Announce Earnings of $0.41 Per Share (americanbankingnews.com)
- Piedmont Office Realty Trust (PDM) and Sampo (SAXPY) Critical Contrast (americanbankingnews.com)
- Piedmont Office Realty Trust (PDM) versus Brookfield Asset Management (BAM) Financial Contrast (americanbankingnews.com)
- Piedmont Office Realty Trust (PDM) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
Several brokerages have weighed in on PDM. ValuEngine downgraded Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Robert W. Baird set a $22.00 price objective on shares of Piedmont Office Realty Trust and gave the company a “buy” rating in a research note on Thursday, February 8th. Stifel Nicolaus cut shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. SunTrust Banks set a $20.00 price objective on shares of Piedmont Office Realty Trust and gave the company a “hold” rating in a research note on Tuesday, March 6th. Finally, Zacks Investment Research cut shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Piedmont Office Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $21.25.
Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported ($0.21) earnings per share 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 net margin of 23.26% and a return on equity of 1.16%. equities analysts expect that Piedmont Office Realty Trust will post 1.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were paid a $0.21 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.76%. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is presently 48.00%.
In other Piedmont Office Realty Trust news, insider Christopher Brent Smith acquired 2,800 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $17.80 per share, for a total transaction of $49,840.00. Following the completion of the purchase, the insider now directly owns 53,027 shares in the company, valued at $943,880.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey L. Swope acquired 5,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were acquired at an average price of $17.57 per share, for a total transaction of $100,149.00. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company’s stock.
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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 submarkets 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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