Piedmont Office Realty Trust (PDM) to Release Earnings on Thursday

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

Piedmont Office Realty Trust Stock Performance

Shares of PDM stock opened at $8.17 on Wednesday. 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 company has a 50 day moving average price of $8.83 and a 200-day moving average price of $9.37. Piedmont Office Realty Trust has a 52 week low of $5.93 and a 52 week high of $11.11. The firm has a market capitalization of $1.01 billion, a PE ratio of -13.17 and a beta of 1.19.

Piedmont Office Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.50 annualized dividend and a dividend yield of 6.12%. Piedmont Office Realty Trust’s payout ratio is -80.64%.

Wall Street Analyst Weigh In

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