PDM

Piedmont Office Realty Trust

7.31 USD
-0.65
8.17%
At close Feb 14, 4:00 PM EST
After hours
7.33
+0.02
0.27%
1 day
-8.17%
5 days
-12.98%
1 month
-14.50%
3 months
-24.09%
6 months
-17.59%
Year to date
-19.32%
1 year
12.81%
5 years
-70.10%
10 years
-61.81%
 

About: Piedmont Office Realty Trust Inc is a real estate investment trust engaged in the acquisition, development, and management of commercial real estate properties throughout the U.S. The company's real estate portfolio is mainly composed of office properties located in the majority of American metropolitan areas. Piedmont derives majority of its revenue in the form of rental income from tenants in mid- to long-term lease agreements. The vast majority of the company's revenue comes from the leasing of its assets in Washington D.C., New York City, Chicago, Atlanta, Minneapolis, Dallas, and Boston. Piedmont's large customers in terms of rental revenue are U.S. Government entities, business services companies, and financial institutions.

Employees: 150

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

486% more call options, than puts

Call options by funds: $211K | Put options by funds: $36K

67% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 21

39% more capital invested

Capital invested by funds: $794M [Q2] → $1.11B (+$312M) [Q3]

33% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]

5% more funds holding

Funds holding: 228 [Q2] → 240 (+12) [Q3]

8% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 76

0.02% less ownership

Funds ownership: 88.45% [Q2] → 88.43% (-0.02%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$10
37%
upside
Avg. target
$10
37%
upside
High target
$10
37%
upside

1 analyst rating

positive
0%
neutral
100%
negative
0%
Baird
Nicholas Thillman
100% 1-year accuracy
2 / 2 met price target
37%upside
$10
Neutral
Downgraded
16 Jan 2025

Financial journalist opinion

Based on 7 articles about PDM published over the past 30 days

Neutral
Seeking Alpha
2 days ago
Piedmont Office Realty Trust, Inc. (PDM) Q4 2024 Earnings Call Transcript
Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q4 2024 Earnings Call February 14, 2025 9:00 AM ET Company Participants Laura Moon - Investor Relations Brent Smith - President and Chief Executive Officer George Wells - Chief Operating Officer Chris Kollme - Executive Vice President, Investments Sherry Rexroad - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Nick Thillman - Baird Dylan Burzinski - Green Street Operator Greetings. Welcome to the Piedmont Office Realty Trust, Inc. Fourth Quarter 2024 Earnings Call.
Piedmont Office Realty Trust, Inc. (PDM) Q4 2024 Earnings Call Transcript
Positive
Zacks Investment Research
3 days ago
Piedmont Office (PDM) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for Piedmont Office (PDM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Piedmont Office (PDM) Reports Q4 Earnings: What Key Metrics Have to Say
Positive
Zacks Investment Research
3 days ago
Piedmont Office (PDM) Matches Q4 FFO Estimates
Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.37 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.41 per share a year ago.
Piedmont Office (PDM) Matches Q4 FFO Estimates
Neutral
GlobeNewsWire
3 days ago
Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2024 Results
Atlanta, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter and year ended December 31, 2024.
Piedmont Office Realty Trust Reports Fourth Quarter and Annual 2024 Results
Neutral
Zacks Investment Research
5 days ago
Seeking Clues to Piedmont Office (PDM) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Get a deeper insight into the potential performance of Piedmont Office (PDM) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Seeking Clues to Piedmont Office (PDM) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Positive
Seeking Alpha
1 week ago
REITs Lead On Earnings Uplift
US equity markets posted a mixed performance this week, while benchmark interest rates rebounded from two-month lows, as investors saw grounds for Fed hawkishness across a critical slate of employment data. The U.S. economy added 143k jobs in January. Upward revisions to prior months and strong wage growth metrics indicated that labor markets remain "healthy" at minimum, and perhaps even "tight." Following a decline of 1% last week sparked by "DeepSeek" concerns, the S&P 500 retreated by 0.2%, relinquishing an early week rally. The Small-Cap and Mid-Cap indexes dipped 1%.
REITs Lead On Earnings Uplift
Neutral
GlobeNewsWire
1 week ago
PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND
PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND Atlanta, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today that its board of directors has declared a regular quarterly cash dividend of $0.125 per share, or $0.50 per share on an annualized basis, for the first quarter of 2025. The dividend will be paid on March 14, 2025 to stockholders of record as of the close of business on February 21, 2025.
PIEDMONT OFFICE REALTY TRUST DECLARES FIRST QUARTER DIVIDEND
Neutral
GlobeNewsWire
1 month ago
Piedmont Office Realty Trust, Inc. to Report Fourth Quarter and Annual 2024 Financial Results
Atlanta, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its fourth quarter and annual financial results on Thursday, February 13, 2025, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Friday, February 14, 2025 at 9:00 a.m. ET and will be broadcast live in listen-only mode on the company's investor relations website at investor.piedmontreit.com. During the conference call, the Company's management team will review fourth quarter and annual performance, discuss recent events, and conduct a question-and-answer period.
Piedmont Office Realty Trust, Inc. to Report Fourth Quarter and Annual 2024 Financial Results
Positive
Seeking Alpha
2 months ago
Piedmont Office Realty Trust: Christmas Comes Early This Year (Strong Buy)
Piedmont Office Realty Trust focuses on high-quality office properties, particularly in the Sun Belt region, showing strong financial performance and asset repositioning success. The Sun Belt region's demographic growth supports Piedmont's strategic focus, with significant population increases driving demand for premium office spaces. Piedmont's financial health is robust, with climbing occupancy rates, conservative leverage, and well-covered dividends, indicating resilience and potential for future growth.
Piedmont Office Realty Trust: Christmas Comes Early This Year (Strong Buy)
Positive
Benzinga
2 months ago
Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields
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