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

Piedmont Office Realty Trust (NYSE:PDM) will likely be releasing its Q1 2025 earnings data after the market closes on Monday, April 28th. Analysts expect Piedmont Office Realty Trust to post earnings of $0.35 per share and revenue of $141.29 million for the quarter. Piedmont Office Realty Trust has set its FY 2025 guidance at 1.380-1.440 EPS.

Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $143.23 million during the quarter, compared to the consensus estimate of $142.16 million. Piedmont Office Realty Trust had a negative net margin of 13.86% and a negative return on equity of 4.82%. On average, analysts expect Piedmont Office Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Piedmont Office Realty Trust Trading Up 0.1 %

PDM stock opened at $6.79 on Friday. The business’s 50 day moving average is $6.99 and its 200-day moving average is $8.47. The company has a current ratio of 2.10, a quick ratio of 2.22 and a debt-to-equity ratio of 1.40. The firm has a market cap of $844.73 million, a P/E ratio of -10.78 and a beta of 1.21. Piedmont Office Realty Trust has a 1-year low of $5.81 and a 1-year high of $11.12.

Piedmont Office Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 21st were paid a $0.125 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.50 annualized dividend and a dividend yield of 7.36%. Piedmont Office Realty Trust’s dividend payout ratio is presently -79.37%.

Analysts Set New Price Targets

A number of research firms recently commented on PDM. Baird R W lowered Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 16th. Robert W. Baird dropped their price target on shares of Piedmont Office Realty Trust from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. StockNews.com upgraded Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Finally, Truist Financial reiterated a “buy” rating and issued a $10.00 target price (down from $11.00) on shares of Piedmont Office Realty Trust in a report on Tuesday, February 25th.

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.