Piedmont Office Realty Trust (NYSE:PDM) Releases Quarterly Earnings Results, Hits Estimates

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

Piedmont Office Realty Trust Stock Down 8.4 %

Shares of PDM stock opened at $7.29 on Friday. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.36. Piedmont Office Realty Trust has a twelve month low of $5.93 and a twelve month high of $11.11. The stock has a fifty day simple moving average of $8.74 and a two-hundred day simple moving average of $9.34.

Piedmont Office Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 21st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 6.86%. The ex-dividend date is Friday, February 21st. Piedmont Office Realty Trust’s dividend payout ratio is -80.64%.

Analyst Ratings Changes

PDM has been the topic of several analyst reports. Robert W. Baird downgraded Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research report on Thursday, January 16th. 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. Finally, StockNews.com downgraded Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 20th.

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.