Piedmont Office Realty Trust, Inc. (NYSE:PDM) Declares $0.13 Quarterly Dividend

Piedmont Office Realty Trust, Inc. (NYSE:PDM) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Investors of record on Friday, February 21st will be paid a dividend of 0.125 per share by the real estate investment trust on Friday, March 14th. This represents a $0.50 annualized dividend and a dividend yield of 5.87%. The ex-dividend date is Friday, February 21st.

Piedmont Office Realty Trust has decreased its dividend by an average of 15.9% per year over the last three years.

Piedmont Office Realty Trust Stock Performance

NYSE PDM opened at $8.52 on Wednesday. The company has a 50-day moving average of $8.94 and a 200-day moving average of $9.37. 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.

Analyst Ratings Changes

Several brokerages have recently issued reports on PDM. Baird R W cut shares of 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 target on the stock. in a research report on Thursday, January 16th. Finally, StockNews.com cut shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 20th.

About Piedmont Office Realty Trust

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.