Piedmont Office Realty Trust (NYSE:PDM) is scheduled to announce its earnings results after the market closes on Monday, April 30th. Piedmont Office Realty Trust has set its FY17 guidance at $1.64-1.72 EPS.
Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.63). The firm had revenue of $139.44 million during the quarter, compared to the consensus estimate of $136.82 million. Piedmont Office Realty Trust had a net margin of 23.26% and a return on equity of 1.16%. On average, analysts expect Piedmont Office Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE:PDM opened at $17.26 on Monday. The stock has a market capitalization of $2,331.24, a P/E ratio of 9.86, a PEG ratio of 2.56 and a beta of 0.61. Piedmont Office Realty Trust has a fifty-two week low of $16.69 and a fifty-two week high of $22.72. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85.
PDM has been the topic of several research analyst reports. Zacks Investment Research cut shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. SunTrust Banks set a $21.00 target price on shares of Piedmont Office Realty Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. ValuEngine cut shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Robert W. Baird set a $22.00 target price on shares of Piedmont Office Realty Trust and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Piedmont Office Realty Trust in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.25.
In related news, insider Christopher Brent Smith bought 2,800 shares of the stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $17.80 per share, with a total value of $49,840.00. Following the purchase, the insider now owns 53,027 shares in the company, valued at $943,880.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey L. Swope bought 5,700 shares of the stock in a transaction on Tuesday, March 13th. The shares were bought at an average cost of $17.57 per share, for a total transaction of $100,149.00. The disclosure for this purchase can be found here. 0.76% of the stock is currently owned by company insiders.
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Piedmont Office Realty Trust Company Profile
Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select submarkets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $5 billion portfolio is currently comprised of approximately 17 million square feet.
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