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 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
68% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 22
10% more call options, than puts
Call options by funds: $98K | Put options by funds: $89K
3% more funds holding
Funds holding: 242 [Q3] → 250 (+8) [Q4]
0.53% more ownership
Funds ownership: 87.22% [Q3] → 87.75% (+0.53%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 4 (+0) [Q4]
0% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 82
9% less capital invested
Capital invested by funds: $1.09B [Q3] → $996M (-$95.1M) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$9
36%
upside
Avg. target
$9.50
43%
upside
High target
$10
51%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Truist Securities Michael Lewis 47% 1-year accuracy 14 / 30 met price target | 51%upside $10 | Buy Reiterated | 25 Feb 2025 |
Baird David Rodgers 42% 1-year accuracy 13 / 31 met price target | 36%upside $9 | Neutral Maintained | 24 Feb 2025 |
Financial journalist opinion
Based on 6 articles about PDM published over the past 30 days
Positive
Seeking Alpha
1 week 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 week 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 week 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 week 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 week 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.
Neutral
GlobeNewsWire
1 week ago
Piedmont Office Realty Trust, Inc. Releases First Quarter 2025 Results
Atlanta, April 28, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc (NYSE: PDM) has released its financial and operational results for the first quarter of 2025. Please visit the Investor Relations section of Piedmont's website at https://investor.piedmontreit.com to access the Earnings Release and Supplemental Information.
Neutral
GlobeNewsWire
1 month ago
Piedmont Office Realty Trust, Inc. to Report First Quarter 2025 Financial Results
Atlanta, April 09, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter financial results on Monday, April 28, 2025, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Tuesday, April 29, 2025 at 9:00 a.m. ET and will be broadcast live in listen-only mode on the company's investor relations website. During the conference call, the Company's management team will review first quarter performance, discuss recent events, and conduct a question-and-answer period.
Positive
Seeking Alpha
1 month ago
Cash COWs: 11 High-Yield REITs
Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-usual yields, making them attractive for income investors. Dividend safety is crucial; Seeking Alpha Premium's Quant Ratings help identify REITs with low risk of dividend cuts, ensuring stable income.
Positive
Seeking Alpha
2 months ago
Buried Treasures: 4 Dramatically Undervalued REITs
REITs are highly attractive now due to stable or falling interest rates and low inflation, with many offering strong yields while being undervalued. This article identifies 27 REITs yielding at least 75 basis points above the no-risk rate on Treasuries, while selling at discounts of 20% or greater to their Target Fair Value. The list is then screened for dividend safety, to eliminate sucker yields, and for stable revenues, excluding those with flat or declining FFO/share.
Neutral
GlobeNewsWire
2 months ago
Piedmont Office Realty Trust Expands Board with Appointments of Deneen Donnley, Stephen Lewis, and Jeffrey Donnelly
Atlanta, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the following appointments to its Board of Directors: Deneen Donnley, Senior Vice President and General Counsel, Consolidated Edison (NYSE: ED); Stephen E. Lewis, Retired Chair and Chief Executive Officer of Troutman Pepper; and Jeffrey J. Donnelly, Chief Executive Officer and Director of DiamondRock Hospitality (NYSE: DRH). With these three appointments, Piedmont's board of directors now consists of ten total members.
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