Piedmont Office Realty Trust (NYSE:PDM) Releases 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 -.

Piedmont Office Realty Trust Stock Down 8.4 %

Shares of PDM stock opened at $7.29 on Friday. The business’s 50 day moving average is $8.74 and its two-hundred day moving average is $9.34. Piedmont Office Realty Trust has a twelve month low of $5.93 and a twelve 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.

Piedmont Office Realty Trust (NYSE:PDM) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Piedmont Office Realty Trust had a negative return on equity of 4.61% and a negative net margin of 13.47%. Sell-side analysts expect that Piedmont Office Realty Trust will post 1.49 earnings per share for the current year.

Piedmont Office Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 21st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.50 annualized dividend and a dividend yield of 6.86%. Piedmont Office Realty Trust’s dividend payout ratio is currently -80.64%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird cut Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Thursday, January 16th. Baird R W cut Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th. Finally, StockNews.com cut Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 20th.

Piedmont Office Realty Trust Company Profile

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.