Piedmont Office Realty Trust, I with ticker code (PDM) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 22 and 21 calculating the mean target price we have 21.5. Given that the stocks previous close was at 16.98 this now indicates there is a potential upside of 26.6%. The 50 day moving average now sits at 16.82 and the 200 day moving average is 17.92. The company has a market capitalisation of $2,089m. Company Website: https://www.piedmontreit.com
The potential market cap would be $2,645m based on the market concensus.
Piedmont Office Realty Trust (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, 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). At the end of the third quarter, approximately 63% of the company’s portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
