Piedmont Office Realty Trust, Inc. (NYSE:PDM) to Issue Quarterly Dividend of $0.13

Piedmont Office Realty Trust, Inc. (NYSE:PDM) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.125 per share by the real estate investment trust on Friday, March 14th. This represents a $0.50 annualized dividend and a dividend yield of 6.77%. The ex-dividend date is Friday, February 21st.

Piedmont Office Realty Trust has decreased its dividend payment by an average of 15.9% per year over the last three years.

Piedmont Office Realty Trust Trading Up 1.0 %

NYSE PDM opened at $7.39 on Wednesday. Piedmont Office Realty Trust has a 12 month low of $5.93 and a 12 month high of $11.11. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.36. The stock has a 50 day moving average of $8.66 and a 200-day moving average of $9.33. The company has a market cap of $915.74 million, a PE ratio of -11.72 and a beta of 1.19.

Piedmont Office Realty Trust (NYSE:PDM) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. Piedmont Office Realty Trust had a negative net margin of 13.86% and a negative return on equity of 4.77%. The company had revenue of $143.23 million during the quarter, compared to the consensus estimate of $142.16 million. On average, equities research analysts anticipate that Piedmont Office Realty Trust will post 1.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PDM has been the topic of a number of recent analyst reports. 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. StockNews.com upgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Monday. Finally, Baird R W downgraded shares of Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th.

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.