Somewhat Positive News Coverage Somewhat Unlikely to Impact Piedmont Office Realty Trust (PDM) Stock Price
News stories about Piedmont Office Realty Trust (NYSE:PDM) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Piedmont Office Realty Trust earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.4358678798397 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Piedmont Office Realty Trust (NYSE:PDM) remained flat at $$19.90 during midday trading on Thursday. The company’s stock had a trading volume of 901,566 shares, compared to its average volume of 714,412. Piedmont Office Realty Trust has a 52-week low of $19.10 and a 52-week high of $23.08. The stock has a market capitalization of $2,891.77, a PE ratio of 11.32, a P/E/G ratio of 2.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.15 and a quick ratio of 2.15.
Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $137.59 million for the quarter, compared to the consensus estimate of $140.39 million. Piedmont Office Realty Trust had a net margin of 33.72% and a return on equity of 4.06%. During the same period last year, the firm posted $0.41 earnings per share. analysts forecast that Piedmont Office Realty Trust will post 1.75 EPS for the current year.
The business also recently disclosed a None dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 26th will be issued a dividend of $0.50 per share. This represents a yield of 4.16%. This is an increase from Piedmont Office Realty Trust’s previous None dividend of $0.21. The ex-dividend date of this dividend is Friday, December 22nd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is presently 62.69%.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, October 11th. ValuEngine raised shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus reissued a “hold” rating and set a $21.00 price target on shares of Piedmont Office Realty Trust in a report on Thursday, September 21st. Finally, Robert W. Baird raised shares of Piedmont Office Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $23.00 to $24.00 in a report on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $22.33.
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Piedmont Office Realty Trust Company Profile
Piedmont Office Realty Trust, Inc is an integrated self-managed real estate investment trust (REIT). The Company’s business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture.
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