PDM
Piedmont Office Realty TrustPDM
PDM
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 the 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 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
41% more call options, than puts
Call options by funds: $114K | Put options by funds: $81K
0% more funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 4 (+0) [Q1 2025]
0% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 29
2% less funds holding
Funds holding: 252 [Q4 2024] → 248 (-4) [Q1 2025]
2.47% less ownership
Funds ownership: 87.8% [Q4 2024] → 85.34% (-2.47%) [Q1 2025]
20% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 95
21% less capital invested
Capital invested by funds: $996M [Q4 2024] → $788M (-$209M) [Q1 2025]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$8
7%
upside
Avg. target
$8.50
13%
upside
High target
$9
20%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
JP Morgan Anthony Paolone | 7%upside $8 | Neutral Maintained | 13 Jun 2025 |
Truist Securities Michael Lewis | 20%upside $9 | Buy Maintained | 20 May 2025 |
Financial journalist opinion
Based on 5 articles about PDM published over the past 30 days
Neutral
GlobeNewsWire
5 days ago
Piedmont Office Realty Trust Rebrands to Piedmont Realty Trust
Atlanta, June 09, 2025 (GLOBE NEWSWIRE) -- --Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the launch of its new brand identity including a name change to Piedmont Realty Trust, Inc. The rebrand was undertaken to better reflect the company's focus on Piedmont PLACEs which are designed to elevate the workday and reflect a higher standard of service for our clients.
Positive
Seeking Alpha
6 days ago
A Slow Slowdown
US equity markets rallied to their highest levels since February after a critical slate of employment data showed lukewarm labor market conditions in May, with only minimal tariff-related impacts. Benchmark interest rates jumped to near-four-month highs as hotter-than-expected wage growth metrics fueled doubts on the prospects for meaningful Federal Reserve easing this year. Meanwhile, investors weighed questions about the fate of the "Big Beautiful Bill" amid fierce challenges from Elon Musk, alongside signs of thawing in the tariff stalemate with China.
Positive
Seeking Alpha
1 week ago
Piedmont Office Realty Trust: Improved 2025 Leasing Guidance Reinforces My Strong Buy
Piedmont Office Realty Trust is deeply undervalued, with a forward P/FFO of 4.8x and a 21% FFO yield, presenting a compelling opportunity. The company is rapidly leasing vacant spaces, raising full-year guidance by 29%, and locking in positive cash rent increases, signaling strong asset desirability. Dividend elimination was a strategic move to fund growth at a rapid pace, setting up for potential dividend reinstatement in 2026 at an attractive yield + 11% yield.
Neutral
GlobeNewsWire
1 week ago
Piedmont REIT Signs over 500,000 SF of Leases Second Quarter-to-Date and Raises Full Year Leasing Guidance from 1.4 - 1.6 million SF to 1.8 - 2.0 million SF
Atlanta, June 02, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont” or “the Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company is participating in this week's Nareit REITWeek Investor Conference in New York City. The Company has completed over 500,000 square feet of leasing thus far in the second quarter, with 350,000 square feet related to new tenants.
Negative
Seeking Alpha
3 weeks ago
The State Of REITs: May 2025 Edition
The REIT sector saw another month of red in April (-6.45%) and REITs now average a -9.10% return over the first 4 months of the year. Microcap (-8.87%) and small-cap REITs (-8.69%) endured bigger average losses than mid-caps (-5.45%) and large-caps (-2.93%). 84.62% of REIT securities had a negative total return in April.
Positive
Seeking Alpha
1 month ago
Piedmont Office Realty: They Did The Right Thing, But The Market Didn't Get It
Mr. Market's irrational behavior creates opportunities to invest in undervalued, well-run office REITs like Piedmont Office Realty, which is currently undervalued by around 60%. Piedmont's dividend suspension is a rational move to preserve cash for growth and deleveraging, despite market overreaction causing a 12% share price drop. Leasing volumes are high, and Piedmont's A-tier assets are benefiting from a "flight to quality," setting up for future outperformance.
Positive
Seeking Alpha
1 month ago
Piedmont Office Realty Stock: Dividend Elimination Gives A Buying Opportunity
Piedmont Office Realty Trust is an office REIT focused primarily on the Atlanta, Dallas, and Orlando markets. PDM's enterprise value is 75% funded with debt that, together with high lease incentives, prompted management to suspend the dividend. The company remains attractively valued on a core FFO multiple and market-implied cap rate basis.
Neutral
Seeking Alpha
1 month ago
Piedmont Office Realty Trust, Inc. (PDM) Q1 2025 Earnings Call Transcript
Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q1 2025 Earnings Conference Call April 29, 2025 9:00 AM ET Company Participants Laura Moon – Executive Vice President and Chief Accounting Officer 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 Dylan Burzinski – Green Street Nick Thillman – Baird Operator Greetings. Welcome to the Piedmont Office Realty Trust First Quarter 2025 Earnings Call.
Positive
Zacks Investment Research
1 month ago
Piedmont Office (PDM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Piedmont Office (PDM) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
Piedmont Office (PDM) Q1 FFO and Revenues Surpass Estimates
Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to FFO of $0.39 per share a year ago.
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