Piedmont Office Realty Trust, I with ticker code (PDM) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 19 and 17 and has a mean target at 18. Now with the previous closing price of 13.42 this would indicate that there is a potential upside of 34.1%. The day 50 moving average is 13.65 and the 200 moving average now moves to 16.58. The market capitalisation for the company is $1,667m. Company Website: https://www.piedmontreit.com
The potential market cap would be $2,237m 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.
