Piedmont Office Realty Trust Inc. (NYSE:PDM) – Analysts at SunTrust Banks lifted their FY2016 EPS estimates for Piedmont Office Realty Trust in a research report issued on Friday. SunTrust Banks analyst M. Lewis now anticipates that the brokerage will post earnings of $1.65 per share for the year, up from their prior estimate of $1.63. SunTrust Banks also issued estimates for Piedmont Office Realty Trust’s Q3 2017 earnings at $0.41 EPS, Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.66 EPS, FY2018 earnings at $1.65 EPS, FY2019 earnings at $1.67 EPS and FY2020 earnings at $1.71 EPS.

A number of other equities research analysts also recently weighed in on PDM. Zacks Investment Research raised shares of Piedmont Office Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, October 6th. DA Davidson boosted their price objective on shares of Piedmont Office Realty Trust from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Earnings History and Estimates for Piedmont Office Realty Trust (NYSE:PDM)

Shares of Piedmont Office Realty Trust (NYSE:PDM) opened at 19.55 on Monday. Piedmont Office Realty Trust has a 52-week low of $16.93 and a 52-week high of $22.28. The stock’s 50 day moving average is $20.60 and its 200-day moving average is $20.90. The firm has a market capitalization of $2.84 billion, a P/E ratio of 14.00 and a beta of 0.61.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, November 25th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Tuesday, November 22nd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is 61.31%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its position in Piedmont Office Realty Trust by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 4,666 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 18 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Piedmont Office Realty Trust during the third quarter valued at approximately $117,000. Daiwa Securities Group Inc. boosted its position in Piedmont Office Realty Trust by 3.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,400 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Piedmont Office Realty Trust by 2.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,038 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 148 shares during the period. Finally, Creative Planning boosted its position in Piedmont Office Realty Trust by 367.1% in the third quarter. Creative Planning now owns 7,581 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 5,958 shares during the period. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Piedmont Office Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (Piedmont) is an integrated self-managed real estate investment trust specializing in the acquisition, ownership, management, development and disposition of primarily Class A office buildings located in the United States office markets. The Company operates through its real estate assets segment.

5 Day Chart for NYSE:PDM

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