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

Posted by Joseph Griffin on Feb 15th, 2025

Piedmont Office Realty Trust (NYSE:PDM – Get Free Report) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates 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 8.4 %

Piedmont Office Realty Trust stock opened at $7.29 on Friday. Piedmont Office Realty Trust has a 52 week low of $5.93 and a 52 week high of $11.11. The business’s 50-day moving average price is $8.74 and its 200 day moving average price is $9.34. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.36.

Piedmont Office Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 21st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend is Friday, February 21st. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is -80.64%.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on Piedmont Office Realty Trust

About Piedmont Office Realty Trust

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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.