Piedmont Office Realty Trust, I which can be found using ticker (PDM) now have 2 confirmed 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 14 and 10 calculating the average target price we see $12.00. Given that the stocks previous close was at $6.17 and the analysts are correct then we can expect a percentage increase in value of 94.5%. The day 50 moving average is $7.75 while the 200 day moving average is $10.12. The total market capitalization for the company now stands at $786m. Visit the company website at: https://www.piedmontreit.com
The potential market cap would be $1,529m based on the market consensus.
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 major U.S. Sunbelt markets. Its 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). Piedmont is a 2022 ENERGY STAR Partner of the Year.
The company has a dividend yield of 13.61% with the ex dividend date set at 23-2-2023 (DMY).
Other points of data to note are a P/E ratio of 5.17, revenue per share of 4.57 and a 1.35% return on assets.
