Piedmont Office Realty Trust, I with ticker code (PDM) now have 2 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 14 and 10 with the average target price sitting at $12.00. Given that the stocks previous close was at $6.72 and the analysts are correct then we can expect a percentage increase in value of 78.6%. The day 50 moving average is $9.31 and the 200 day MA is $10.83. The total market capitalization for the company now stands at $837m. Visit the company website at: https://www.piedmontreit.com
The potential market cap would be $1,495m 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 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.
The company has a dividend yield of 12.41% with the ex dividend date set at 23-2-2023 (DMY).
Other points of data to note are a P/E ratio of 5.69, revenue per share of 4.57 and a 1.35% return on assets.
