Piedmont Office Realty Trust (NYSE:PDM – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $1.48-1.50 for the period, compared to the consensus earnings per share estimate of $1.50. Piedmont Office Realty Trust also updated its FY 2024 guidance to 1.480-1.500 EPS.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on PDM shares. Truist Financial reissued a “buy” rating and set a $11.00 price objective (up previously from $10.00) on shares of Piedmont Office Realty Trust in a research report on Wednesday, August 14th. StockNews.com raised shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd.
View Our Latest Research Report on Piedmont Office Realty Trust
Piedmont Office Realty Trust Price Performance
Piedmont Office Realty Trust (NYSE:PDM – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.45). Piedmont Office Realty Trust had a negative net margin of 14.24% and a negative return on equity of 4.84%. The business had revenue of $143.26 million during the quarter, compared to analyst estimates of $141.25 million. Research analysts forecast that Piedmont Office Realty Trust will post 1.5 EPS for the current fiscal year.
Piedmont Office Realty Trust Company Profile
Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.
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