Piedmont Office Realty Trust (NYSE:PDM) Issues FY 2025 Earnings Guidance

Piedmont Office Realty Trust (NYSE:PDM) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 1.380-1.440 for the period, compared to the consensus EPS estimate of 1.450. The company issued revenue guidance of -.

Piedmont Office Realty Trust Price Performance

NYSE PDM opened at $7.29 on Friday. Piedmont Office Realty Trust has a fifty-two week low of $5.93 and a fifty-two week high of $11.11. The business has a fifty day moving average of $8.74 and a 200-day moving average of $9.34. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.22 and a quick ratio of 2.22.

Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. Piedmont Office Realty Trust had a negative return on equity of 4.61% and a negative net margin of 13.47%. Equities research analysts predict that Piedmont Office Realty Trust will post 1.49 earnings per share for the current year.

Piedmont Office Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 21st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date is Friday, February 21st. Piedmont Office Realty Trust’s dividend payout ratio is currently -80.64%.

Analyst Upgrades and Downgrades

PDM has been the subject of a number of recent analyst reports. Robert W. Baird downgraded 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 report on Thursday, January 16th. StockNews.com downgraded Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 20th. Finally, Baird R W downgraded Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 16th.

About Piedmont Office Realty Trust

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.