Piedmont Office Realty Trust, I found using ticker (PDM) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 19 and 17 calculating the average target price we see 17.67. Now with the previous closing price of 12.19 this is indicating there is a potential upside of 45.0%. The day 50 moving average is 13.13 and the 200 moving average now moves to 16.05. The company has a market capitalisation of $1,521m. Company Website: https://www.piedmontreit.com
The potential market cap would be $2,205m 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.
