Piedmont Office Realty Trust, I found using ticker (PDM) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 14 and 13 with the average target price sitting at 13.5. Now with the previous closing price of 9.23 this is indicating there is a potential upside of 46.3%. The 50 day moving average now sits at 9.79 while the 200 day moving average is 11.41. The market cap for the company is $1,145m. You can visit the company’s website by visiting: https://www.piedmontreit.com
The potential market cap would be $1,675m based on the market concensus.
Piedmont Office Realty Trust, Inc. (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.
