Piedmont Office Realty Trust, I with ticker code (PDM) now have 3 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 19 and 17 calculating the average target price we see 17.67. Given that the stocks previous close was at 13.06 this would imply there is a potential upside of 35.3%. The 50 day moving average now sits at 13.24 and the 200 day moving average is 16.2. The company has a market cap of $1,619m. You can visit the company’s website by visiting: https://www.piedmontreit.com
The potential market cap would be $2,190m 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.
