Piedmont Office Realty Trust, I with ticker code (PDM) now have 2 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 19 and 17 with a mean TP of 18. Given that the stocks previous close was at 13.18 this would imply there is a potential upside of 36.6%. The 50 day moving average now sits at 13.5 and the 200 day MA is 16.45. The company has a market capitalisation of $1,586m. You can visit the company’s website by visiting: https://www.piedmontreit.com
The potential market cap would be $2,165m 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.
