Piedmont Office Realty Trust (NYSE:PDM) Announces Earnings Results, Hits Expectations

Piedmont Office Realty Trust (NYSE:PDM) released 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 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 Performance

Shares of Piedmont Office Realty Trust stock traded down $0.02 during trading on Thursday, reaching $8.01. The company’s stock had a trading volume of 800,056 shares, compared to its average volume of 617,501. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.22 and a current ratio of 2.22. The business’s fifty day moving average price is $8.80 and its 200-day moving average price is $9.36. The firm has a market cap of $992.62 million, a price-to-earnings ratio of -12.91 and a beta of 1.19. Piedmont Office Realty Trust has a one year low of $5.93 and a one year high of $11.11.

Piedmont Office Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 21st will be paid a $0.125 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.25%. Piedmont Office Realty Trust’s payout ratio is presently -80.64%.

Wall Street Analysts Forecast Growth

PDM has been the topic of several recent research reports. Baird R W lowered Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a report 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 target price on the stock. in a report on Thursday, January 16th. Finally, StockNews.com lowered Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a 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.