Piedmont Office Realty Trust, Inc. (PDM) Given Hold Rating at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) in a research report sent to investors on Friday, November 3rd. The brokerage currently has a $20.00 price objective on the real estate investment trust’s stock.

Several other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Piedmont Office Realty Trust from a buy rating to a hold rating in a report on Tuesday, October 31st. ValuEngine raised Piedmont Office Realty Trust from a hold rating to a buy rating in a report on Monday, October 2nd. Robert W. Baird upgraded 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 note on Monday, August 28th. Finally, BidaskClub cut Piedmont Office Realty Trust from a sell rating to a strong sell rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Piedmont Office Realty Trust presently has an average rating of Hold and a consensus price target of $22.33.

Piedmont Office Realty Trust (NYSE:PDM) traded up $0.13 during midday trading on Friday, reaching $19.97. The company had a trading volume of 552,119 shares, compared to its average volume of 709,629. Piedmont Office Realty Trust has a twelve month low of $18.96 and a twelve month high of $23.08. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $2,890.00, a PE 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 released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $137.59 million during the quarter, compared to the consensus estimate of $140.39 million. Piedmont Office Realty Trust had a return on equity of 4.06% and a net margin of 33.72%. During the same quarter in the prior year, the firm posted $0.41 EPS. analysts anticipate that Piedmont Office Realty Trust will post 1.75 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was first published by BBNS and is the sole property of of BBNS. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/piedmont-office-realty-trust-inc-pdm-earns-hold-rating-from-stifel-nicolaus/1756967.html.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, November 24th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.21%. The ex-dividend date is Wednesday, November 22nd. Piedmont Office Realty Trust’s payout ratio is 62.69%.

A number of hedge funds have recently bought and sold shares of PDM. BlackRock Inc. increased its position in Piedmont Office Realty Trust by 3,921.0% during the 1st quarter. BlackRock Inc. now owns 9,609,860 shares of the real estate investment trust’s stock worth $205,459,000 after buying an additional 9,370,868 shares during the period. Prudential Financial Inc. increased its position in Piedmont Office Realty Trust by 321.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,914,228 shares of the real estate investment trust’s stock worth $38,591,000 after buying an additional 1,459,995 shares during the period. Koch Industries Inc. bought a new position in shares of Piedmont Office Realty Trust in the second quarter worth $485,000. WBI Investments Inc. bought a new position in shares of Piedmont Office Realty Trust in the second quarter worth $7,498,000. Finally, Systematic Financial Management LP increased its position in shares of Piedmont Office Realty Trust by 23.4% in the second quarter. Systematic Financial Management LP now owns 1,841,357 shares of the real estate investment trust’s stock worth $38,816,000 after purchasing an additional 349,340 shares during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piedmont Office Realty Trust Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.