Piedmont Office Realty Trust (PDM) Projected to Post Earnings on Thursday

Piedmont Office Realty Trust (NYSE:PDM) is expected to issue its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $141.96 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Piedmont Office Realty Trust Price Performance

Shares of PDM opened at $8.37 on Thursday. 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 stock has a market cap of $1.04 billion, a PE ratio of -13.49 and a beta of 1.19. Piedmont Office Realty Trust has a 12-month low of $5.93 and a 12-month high of $11.11. The business has a 50-day simple moving average of $8.92 and a two-hundred day simple moving average of $9.36.

Piedmont Office Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 21st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Friday, February 21st. Piedmont Office Realty Trust’s dividend payout ratio is currently -80.64%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PDM shares. StockNews.com lowered shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 20th. Baird R W lowered shares of Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th. Finally, 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 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.