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PDM

PDM - Piedmont Office Realty Trust Inc Stock Price, Fair Value and News

6.98USD0.00 (0.00%)Market Closed

Market Summary

PDM
USD6.980.00
Market Closed
0.00%

PDM Alerts

  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

PDM Stock Price

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PDM RSI Chart

PDM Valuation

Market Cap

864.8M

Price/Earnings (Trailing)

-11.56

Price/Sales (Trailing)

1.49

Price/Free Cashflow

4.48

PDM Price/Sales (Trailing)

PDM Profitability

Return on Equity

-4.45%

Return on Assets

-1.87%

Free Cashflow Yield

22.33%

PDM Fundamentals

PDM Revenue

Revenue (TTM)

579.9M

Rev. Growth (Yr)

1.52%

Rev. Growth (Qtr)

-0.55%

PDM Earnings

Earnings (TTM)

-74.8M

Earnings Growth (Yr)

-1.9K%

Earnings Growth (Qtr)

0.95%

Breaking Down PDM Revenue

Last 7 days

-2.0%

Last 30 days

-3.3%

Last 90 days

10.4%

Trailing 12 Months

1.6%

How does PDM drawdown profile look like?

PDM Financial Health

PDM Investor Care

Dividend Yield

8.38%

Dividend/Share (TTM)

0.59

Shares Dilution (1Y)

0.20%

Diluted EPS (TTM)

-0.61

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024579.9M000
2023570.0M576.7M579.6M577.8M
2022535.6M541.7M554.7M563.8M
2021527.1M522.7M522.1M528.7M
2020537.4M541.4M537.6M535.0M
2019529.0M530.5M536.2M533.2M
2018555.6M536.1M528.2M526.0M
2017566.2M579.5M578.6M574.2M
2016573.0M561.6M551.3M555.7M
2015579.7M587.8M592.0M584.8M
2014553.8M559.8M561.0M566.3M
2013527.2M529.2M540.5M549.6M
2012530.2M526.7M527.4M525.0M
2011529.9M532.9M530.2M529.7M
2010540.2M537.8M535.4M533.0M
2009000542.7M

Tracking the Latest Insider Buys and Sells of Piedmont Office Realty Trust Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 07, 2024
hager mary m.
acquired
-
-
15,220
-
May 07, 2024
lang barbara b
acquired
-
-
15,220
-
May 07, 2024
mcdowell frank c
acquired
-
-
15,220
-
May 07, 2024
swope jeffrey l.
acquired
-
-
15,220
-
May 07, 2024
durvasula venkatesh s.
acquired
-
-
15,220
-
May 07, 2024
cohen glenn gary
acquired
-
-
15,220
-
May 07, 2024
lang barbara b
sold (taxes)
-31,733
6.95
-4,566
-
May 07, 2024
durvasula venkatesh s.
sold (taxes)
-30,670
6.95
-4,413
-
May 07, 2024
taysom dale h.
sold (taxes)
-29,356
6.95
-4,224
-
May 07, 2024
barrett kelly hefner
acquired
-
-
15,220
-

1–10 of 50

Which funds bought or sold PDM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
added
5.86
266
10,576
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
unchanged
-
-14,000
186,000
-%
May 24, 2024
Cetera Investment Advisers
new
-
207,942
207,942
-%
May 20, 2024
Highlander Capital Management, LLC
unchanged
-
-80.00
7,030
-%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-44.88
-218,988
262,338
-%
May 16, 2024
Tidal Investments LLC
added
72.12
101,629
253,435
-%
May 16, 2024
FSA Wealth Management LLC
added
2.75
143
8,143
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-5.3
-59,060
868,866
-%
May 15, 2024
CITADEL ADVISORS LLC
added
107
1,327,800
2,594,570
-%
May 15, 2024
ALGERT GLOBAL LLC
added
7.76
48,000
782,000
0.03%

1–10 of 48

Are Funds Buying or Selling PDM?

Are funds buying PDM calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own PDM
No. of Funds

Unveiling Piedmont Office Realty Trust Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
15.22%
18,825,523
SC 13G/A
Jan 29, 2024
state street corp
5.07%
6,267,785
SC 13G
Jan 23, 2024
blackrock inc.
13.8%
17,039,244
SC 13G/A
Feb 09, 2023
vanguard group inc
16.01%
19,760,380
SC 13G/A
Jan 23, 2023
blackrock inc.
10.5%
12,912,383
SC 13G/A
Jan 27, 2022
blackrock inc.
10.5%
13,086,883
SC 13G/A
Jan 26, 2022
blackrock inc.
10.5%
13,086,883
SC 13G/A
Mar 10, 2021
blackrock inc.
10.5%
12,990,763
SC 13G/A
Feb 11, 2021
lsv asset management
4.95%
6,234,115
SC 13G/A
Feb 10, 2021
vanguard group inc
14.22%
17,916,158
SC 13G/A

Recent SEC filings of Piedmont Office Realty Trust Inc

View All Filings
Date Filed Form Type Document
Jun 13, 2024
424B5
Prospectus Filed
Jun 13, 2024
FWP
Prospectus Filed
May 08, 2024
4
Insider Trading
May 08, 2024
4
Insider Trading
May 08, 2024
4
Insider Trading
May 08, 2024
4
Insider Trading
May 08, 2024
4
Insider Trading
May 08, 2024
4
Insider Trading
May 08, 2024
4
Insider Trading
May 08, 2024
4
Insider Trading

Peers (Alternatives to Piedmont Office Realty Trust Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
91.9B
11.2B
5.24% 2.77%
46.55
8.2
3.63% 50.79%
43.4B
6.8B
-1.22% -12.74%
31.11
6.33
-2.39% -16.60%
28.4B
2.8B
1.25% 5.15%
29.76
10.13
5.72% -6.46%
20.5B
3.0B
-5.57% -3.95%
104.32
6.93
10.44% -73.79%
13.0B
-
-1.83% 1.67%
30.71
7.99
8.93% 11.87%
11.4B
1.4B
3.16% 1.31%
30.21
8.32
10.48% -2.04%
MID-CAP
9.6B
3.3B
-4.28% 13.06%
50.09
2.91
4.82% -75.15%
8.4B
1.2B
-0.66% 7.93%
35.42
7.34
5.48% -38.69%
3.7B
913.7M
3.69% 121.78%
-7.19
4.03
1.13% -307.54%
3.2B
878.0M
-10.06% 32.26%
-9.36
3.65
2.35% -290.39%
SMALL-CAP
1.3B
444.1M
-3.19% 12.21%
19.4
3
3.54% 8.91%
1.2B
198.2M
-1.84% -4.41%
-7.32
6.02
-43.33% -308.08%
1.1B
650.2M
-0.28% -6.01%
36.04
1.7
27.93% 140.31%
551.0M
285.4M
-3.05% -40.32%
-4.32
1.93
11.05% 83.70%
445.3M
277.2M
-1.41% -17.47%
-54.3
1.61
25.89% 94.64%

Piedmont Office Realty Trust Inc News

Latest updates
MarketBeat17 hours ago
GlobeNewswire30 Apr 202407:00 am

Piedmont Office Realty Trust Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-0.5%145145147143142147144136136138131130129132132135137134135131133
Costs and Expenses-3.1%142147136123123152124115115159110111110112110111113115111110105
Operating Expenses-------------------111110105
  S&GA Expenses6.1%8.007.007.007.008.008.007.007.008.008.007.008.007.007.005.006.009.008.008.0012.009.00
Interest Expenses4.5%30.0028.0027.0023.0022.0021.0017.0014.0014.0014.0012.0012.0013.0013.0013.0014.0015.0015.0016.0015.0015.00
Net Income1.0%-27.76-28.03-17.00-1.99-1.3776.003.008.0060.00-31.7511.0010.009.0023.009.001929.001628.008.0050.00
Net Income Margin-54.0%-0.13*-0.08*0.10*0.13*0.15*0.26*0.07*0.09*0.09*0.00*0.10*0.10*---------
Free Cashflow-52.9%23.0050.0065.0055.0040.0051.0072.0052.0040.0077.0065.0053.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-1.6%3,9944,0574,0744,0944,2374,0864,1853,6963,7003,9313,7613,7583,7383,7403,7533,7703,9213,5173,7523,5253,433
    Cash Equivalents329.6%4.001.005.005.0017117.0011.006.007.007.008.008.0011.007.0024.0036.008.0014.0010.008.005.00
  Goodwill0%53.0053.0072.0083.0083.0083.0099.0099.0099.0099.0099.0099.0099.0099.0099.0099.0099.0099.0099.0099.0099.00
Liabilities-0.9%2,3122,3342,3072,2972,4172,2362,3881,8801,8692,1431,9001,8861,8511,8421,8231,8222,1371,6982,0711,8221,710
Shareholder's Equity-2.4%1,6801,7211,7651,7971,8201,8491,7971,8161,8301,7871,8611,8731,8871,8981,9301,9481,7841,8191,6811,7031,724
  Additional Paid-In Capital0.0%3,7183,7173,7153,7133,7113,7113,7093,7083,7063,7023,7003,6993,6983,6943,6933,6913,6913,6863,6863,6883,686
Shares Outstanding0.1%124124124124124123123123123124124124---------
Minority Interest-0.3%2.002.002.002.002.002.002.002.002.002.002.002.002.002.002.002.002.002.002.002.002.00
Float----888---1,601---2,271---2,077---2,452-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-52.9%23,36149,60065,31354,82040,39851,23172,20651,92939,84977,16964,84253,37246,82054,47448,23043,78346,79748,24168,30451,69540,244
  Share Based Compensation-8.9%1,8812,0642,1042,1631,7622,0882,0122,0542,8142,7831,7503,1763,2752,7381,4351,6503,8953,0812,5345,9963,835
Cashflow From Investing96.7%-1,967-59,025-48,405-43,188-45,402119,105-313,647-30,999224,294-275,131-32,224-33,764-27,813-44,920-28,939324,790-448,807353,544-255,293-115,337151,461
Cashflow From Financing-784.9%-17,8352,604-16,103-176,186160,180-163,580246,429-21,742-264,335192,540-28,036-22,338-15,791-26,079-31,790-340,013396,302-398,503189,86566,812-191,681
  Dividend Payments9015.5%30,62833615,46825,98951,32957525,92025,92551,95414.0026,07426,08151,73647726,472------
  Buy Backs----------18,852--68529,986------16,899
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PDM Income Statement

2024-03-31
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:  
Rental and tenant reimbursement revenue$ 139,081$ 136,829
Total revenues144,538142,367
Expenses:  
Property operating costs59,44457,791
Depreciation38,86935,797
Amortization18,12022,031
Impairment charges18,4320
General and administrative7,6127,691
Expenses142,477123,310
Other income (expense):  
Interest expense(29,714)(22,077)
Other income2781,656
Loss on early extinguishment of debt(386)0
Other income (expense):(29,822)(20,421)
Net loss(27,761)(1,364)
Net income applicable to noncontrolling interest(2)(3)
Net loss applicable to Piedmont$ (27,763)$ (1,367)
Per share information – basic and diluted:  
Net income/(loss) applicable to common stockholders - basic (in dollars per share)$ (0.22)$ (0.01)
Net income/(loss) applicable to common stockholders - diluted (in dollars per share)$ (0.22)$ (0.01)
Weighted-average common shares outstanding – basic (in shares)123,799,683123,550,047
Weighted-average common shares outstanding – diluted (in shares)123,799,683123,550,047
Property management fee revenue  
Revenues:  
Property management fee revenue and other property related income$ 157$ 507
Other property related income  
Revenues:  
Property management fee revenue and other property related income$ 5,300$ 5,031

PDM Balance Sheet

2024-03-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real estate assets, at cost:  
Land$ 560,604$ 567,244
Buildings and improvements, less accumulated depreciation of $1,064,199 and $1,046,512 as of March 31, 2024 and December 31, 2023, respectively2,723,0462,776,729
Intangible lease assets, less accumulated amortization of $80,070 and $88,066 as of March 31, 2024 and December 31, 2023, respectively76,73482,588
Construction in progress92,09185,966
Total real estate assets3,452,4753,512,527
Cash and cash equivalents3,544825
Tenant receivables10,3387,915
Straight-line rent receivables184,750183,839
Restricted cash and escrows4,2213,381
Prepaid expenses and other assets23,85328,466
Goodwill53,49153,491
Interest rate swaps4,1483,032
Deferred lease costs, less accumulated amortization of $217,570 and $223,913 as of March 31, 2024 and December 31, 2023, respectively257,176263,606
Total assets3,993,9964,057,082
Liabilities:  
Unsecured debt, net of discount and unamortized debt issuance costs of $15,958 and $15,437 as of March 31, 2024 and December 31, 2023, respectively1,875,0421,858,717
Secured debt195,028195,879
Accounts payable, accrued expenses and accrued capital expenditures106,638131,516
Dividends payable015,143
Deferred income95,13989,930
Intangible lease liabilities, less accumulated amortization of $35,144 and $35,811 as of March 31, 2024 and December 31, 2023, respectively40,23742,925
Total liabilities2,312,0842,334,110
Commitments and Contingencies (Note 7)00
Stockholders’ Equity:  
Shares-in-trust, 150,000,000 shares authorized; none outstanding as of March 31, 2024 or December 31, 202300
Preferred stock, no par value, 100,000,000 shares authorized; none outstanding as of March 31, 2024 or December 31, 202300
Common stock, $0.01 par value, 750,000,000 shares authorized; 123,887,808 and 123,715,298 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively1,2391,237
Additional paid-in capital3,717,5993,716,742
Cumulative distributions in excess of earnings(2,030,389)(1,987,147)
Accumulated other comprehensive loss(8,090)(9,418)
Piedmont stockholders’ equity1,680,3591,721,414
Noncontrolling interest1,5531,558
Total stockholders’ equity1,681,9121,722,972
Total liabilities and stockholders’ equity$ 3,993,996$ 4,057,082
PDM
Piedmont Office Realty Trust, Inc. (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. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. 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 S&P Global Ratings (BBB) and Moody's (Baa2). Piedmont is a 2023 ENERGY STAR Partner of the Year.
 CEO
 WEBSITEpiedmontreit.com
 INDUSTRYREIT Mortgage
 EMPLOYEES149

Piedmont Office Realty Trust Inc Frequently Asked Questions


What is the ticker symbol for Piedmont Office Realty Trust Inc? What does PDM stand for in stocks?

PDM is the stock ticker symbol of Piedmont Office Realty Trust Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Piedmont Office Realty Trust Inc (PDM)?

As of Thu Jun 13 2024, market cap of Piedmont Office Realty Trust Inc is 864.76 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PDM stock?

You can check PDM's fair value in chart for subscribers.

What is the fair value of PDM stock?

You can check PDM's fair value in chart for subscribers. The fair value of Piedmont Office Realty Trust Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Piedmont Office Realty Trust Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PDM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Piedmont Office Realty Trust Inc a good stock to buy?

The fair value guage provides a quick view whether PDM is over valued or under valued. Whether Piedmont Office Realty Trust Inc is cheap or expensive depends on the assumptions which impact Piedmont Office Realty Trust Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PDM.

What is Piedmont Office Realty Trust Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Jun 13 2024, PDM's PE ratio (Price to Earnings) is -11.56 and Price to Sales (PS) ratio is 1.49. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PDM PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Piedmont Office Realty Trust Inc's stock?

In the past 10 years, Piedmont Office Realty Trust Inc has provided -0.054 (multiply by 100 for percentage) rate of return.