Piedmont Office Realty Trust, I found using ticker (PDM) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 19 and 17 with the average target price sitting at 18. Given that the stocks previous close was at 12.63 this is indicating there is a potential upside of 42.5%. The 50 day moving average now sits at 14.05 and the 200 moving average now moves to 16.81. The company has a market cap of $1,552m. You can visit the company’s website by visiting: https://www.piedmontreit.com
The potential market cap would be $2,211m 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.
