Piedmont Office Realty Trust (NYSE:PDM) Announces Quarterly Earnings Results

Piedmont Office Realty Trust (NYSE:PDM) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37, Zacks reports. Piedmont Office Realty Trust had a negative net margin of 13.47% and a negative return on equity of 4.61%. Piedmont Office Realty Trust updated its FY 2025 guidance to 1.380-1.440 EPS.

Piedmont Office Realty Trust Price Performance

PDM stock traded down $0.02 during midday trading on Thursday, reaching $8.01. 800,056 shares of the company’s stock traded hands, compared to its average volume of 617,483. 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 market cap of $992.62 million, a price-to-earnings ratio of -12.91 and a beta of 1.19. The company has a 50-day simple moving average of $8.80 and a two-hundred day simple moving average of $9.36. Piedmont Office Realty Trust has a 1-year low of $5.93 and a 1-year high of $11.11.

Piedmont Office Realty Trust Dividend Announcement

The company also recently disclosed 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. This represents a $0.50 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Friday, February 21st. Piedmont Office Realty Trust’s payout ratio is -80.64%.

Wall Street Analysts Forecast Growth

PDM has been the topic of a number of analyst reports. StockNews.com cut shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 20th. Robert W. Baird lowered 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. Finally, Baird R W downgraded Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a research report 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.