Piedmont Office Realty Trust (NYSE:PDM) Issues Earnings Results

Piedmont Office Realty Trust (NYSE:PDM) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37, Zacks reports. Piedmont Office Realty Trust had a negative return on equity of 4.61% and a negative net margin of 13.47%. Piedmont Office Realty Trust updated its FY 2025 guidance to 1.380-1.440 EPS.

Piedmont Office Realty Trust Stock Down 6.4 %

Shares of PDM opened at $7.45 on Friday. The firm has a market cap of $923.92 million, a PE ratio of -12.10 and a beta of 1.19. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.36. The company’s fifty day moving average is $8.78 and its two-hundred day moving average is $9.35. Piedmont Office Realty Trust has a fifty-two week low of $5.93 and a fifty-two week high of $11.11.

Piedmont Office Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date is Friday, February 21st. Piedmont Office Realty Trust’s dividend payout ratio is currently -80.64%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PDM. Robert W. Baird cut shares of Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research note on Thursday, January 16th. StockNews.com cut Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 20th. Finally, Baird R W cut Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 16th.

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.