Piedmont Office Realty Trust, I found using ticker (PDM) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 19 and 17 with the average target price sitting at 17.67. Now with the previous closing price of 11.76 this now indicates there is a potential upside of 50.3%. There is a 50 day moving average of 13.02 and the 200 day MA is 15.87. The market capitalisation for the company is $1,478m. Find out more information at: https://www.piedmontreit.com
The potential market cap would be $2,221m 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.
