Piedmont Office Realty Trust (NYSE:PDM) Updates FY 2025 Earnings Guidance

Piedmont Office Realty Trust (NYSE:PDM) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.380-1.440 for the period, compared to the consensus estimate of 1.450. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

PDM has been the subject of several recent research reports. StockNews.com cut Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 20th. Robert W. Baird downgraded Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating and set a $11.00 price objective for the company. in a report on Thursday, January 16th. Finally, Baird R W cut shares of Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th.

Piedmont Office Realty Trust Stock Performance

NYSE:PDM traded down $0.02 during mid-day trading on Thursday, hitting $8.01. The stock had a trading volume of 800,056 shares, compared to its average volume of 617,483. Piedmont Office Realty Trust has a twelve month low of $5.93 and a twelve month high of $11.11. 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 stock has a market cap of $992.62 million, a price-to-earnings ratio of -12.91 and a beta of 1.19. The company’s 50 day simple moving average is $8.80 and its 200 day simple moving average is $9.36.

Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Piedmont Office Realty Trust had a negative net margin of 13.47% and a negative return on equity of 4.61%. On average, equities research analysts forecast that Piedmont Office Realty Trust will post 1.49 earnings per share for the current year.

Piedmont Office Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 annualized dividend and a yield of 6.25%. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is presently -80.64%.

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.