Media coverage about Piedmont Office Realty Trust (NYSE:PDM) has been trending positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Piedmont Office Realty Trust earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.6874143749611 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research analysts have commented on the company. Zacks Investment Research raised Piedmont Office Realty Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, July 5th. BidaskClub downgraded Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. ValuEngine downgraded Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $21.00 target price on shares of Piedmont Office Realty Trust in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $22.67.
Piedmont Office Realty Trust (NYSE PDM) opened at 20.35 on Tuesday. Piedmont Office Realty Trust has a 12-month low of $18.61 and a 12-month high of $23.08. The company has a market cap of $2.96 billion, a P/E ratio of 52.86 and a beta of 0.60. The firm’s 50-day moving average price is $20.20 and its 200-day moving average price is $20.96.
Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. Piedmont Office Realty Trust had a return on equity of 2.67% and a net margin of 9.71%. The firm had revenue of $148.70 million for the quarter, compared to analyst estimates of $147.66 million. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts expect that Piedmont Office Realty Trust will post $0.50 EPS for the current year.
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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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