Piedmont Office Realty Trust, I with ticker code (PDM) have now 3 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 calculating the average target price we see 17.67. Now with the previous closing price of 11.63 this now indicates there is a potential upside of 51.9%. The 50 day MA is 12.72 and the 200 moving average now moves to 15.44. The company has a market capitalisation of $1,414m. You can visit the company’s website by visiting: https://www.piedmontreit.com
The potential market cap would be $2,149m 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.
