Piedmont Office Realty Trust (PDM) Getting Somewhat Positive News Coverage, Study Shows
Press coverage about Piedmont Office Realty Trust (NYSE:PDM) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Piedmont Office Realty Trust earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.6983476015628 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Piedmont Office Realty Trust, Inc. (PDM) Director Purchases $100,149.00 in Stock (americanbankingnews.com)
- Piedmont Office Realty Trust, Inc. (PDM) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Piedmont Office Realty Trust, Inc. (PDM) to Post Q1 2018 Earnings of $0.41 Per Share, SunTrust Banks Forecasts (americanbankingnews.com)
- FY2018 EPS Estimates for Piedmont Office Realty Trust, Inc. (PDM) Increased by Analyst (americanbankingnews.com)
Several research analysts recently issued reports on the company. Stifel Nicolaus downgraded Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine downgraded Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. SunTrust Banks set a $20.00 target price on shares of Piedmont Office Realty Trust and gave the stock a “hold” rating in a research note on Tuesday, March 6th. Robert W. Baird set a $22.00 target price on shares of Piedmont Office Realty Trust and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Zacks Investment Research raised shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Piedmont Office Realty Trust has an average rating of “Hold” and a consensus price target of $21.25.
Piedmont Office Realty Trust (NYSE:PDM) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.63). The firm had revenue of $139.44 million during the quarter, compared to analysts’ expectations of $136.82 million. Piedmont Office Realty Trust had a return on equity of 1.16% and a net margin of 23.26%. equities analysts anticipate that Piedmont Office Realty Trust will post 1.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.84 annualized dividend and a yield of 4.79%. Piedmont Office Realty Trust’s payout ratio is currently 92.31%.
In other news, Director Jeffrey L. Swope bought 5,700 shares of the stock in a transaction on Tuesday, March 13th. The stock was purchased at an average cost of $17.57 per share, with a total value of $100,149.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Brent Smith bought 2,800 shares of the stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $17.80 per share, with a total value of $49,840.00. Following the completion of the purchase, the insider now directly owns 53,027 shares in the company, valued at approximately $943,880.60. The disclosure for this purchase can be found here. 0.76% of the stock is currently owned by insiders.
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About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc is an integrated self-managed real estate investment trust (REIT). The Company’s business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture.
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