Piedmont Office Realty Trust (NYSE:PDM) Releases 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 earnings per share (EPS) guidance of 1.380-1.440 for the period, compared to the consensus estimate of 1.450. The company issued revenue guidance of -.

Piedmont Office Realty Trust Price Performance

NYSE PDM traded down $0.02 during trading on Thursday, hitting $8.01. 800,056 shares of the stock traded hands, compared to its average volume of 617,502. The company has a market capitalization of $992.62 million, a P/E ratio of -12.91 and a beta of 1.19. The firm has a 50-day simple moving average of $8.80 and a 200-day simple moving average of $9.36. 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 has a 12-month low of $5.93 and a 12-month high of $11.11.

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, meeting the consensus estimate of $0.37. Piedmont Office Realty Trust had a negative return on equity of 4.61% and a negative net margin of 13.47%. As a group, analysts predict that Piedmont Office Realty Trust will post 1.49 EPS for the current year.

Piedmont Office Realty Trust Announces Dividend

The business 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 6.25%. The ex-dividend date of this dividend is Friday, February 21st. Piedmont Office Realty Trust’s payout ratio is -80.64%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Baird R W lowered Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th. Robert W. Baird lowered 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. Finally, StockNews.com lowered Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 20th.

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.