Searching For Real Value In Market Debris At Piedmont Office Realty Trust Inc. (NYSE: PDM)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Piedmont Office Realty Trust Inc. (PDM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.36, or -3.00%, to $11.63. Volume reached 43,275 shares, with price reaching a high of $11.63 and a low of $11.63. Yahoo Finance discussed the stock recently as it posted Tesh Durvasula Joins Piedmont Office Realty Trust’s Board of Directors.


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Stocks Info

As a NYSE listed company, PDM falls under the Real Estate sector while operating within the REIT – Office industry segment. At the end of the last regular session, the stock closed at $11.63 and fluctuated between $12.13 as its day high and $11.63 as its day low. The current market capitalization of Piedmont Office Realty Trust Inc. is $1.40B. A total of 1.08 million shares were traded on the day, compared to an average of 728.77K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PDM has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 3,000 and the disposition of 4,573 shares. Over the last 12 months, there were 52 BUYs and 56 SELLs from insiders. Insiders purchased 404,151 shares during that period but sold 186,694.

In the most recent transaction, MCDOWELL FRANK C bought 5,000 shares of PDM for 11.82 per share on Aug 31. After the transaction, the Director now owns 70,713 company shares. In a previous transaction on Aug 31, Swope Jeffrey L. bought 42,000 shares at 11.90 per share. PDM shares that Director owns now total 119,835.

Among the insiders who bought shares, COHEN GLENN GARY acquired of 3,000 shares on Aug 04 at a per-share price of $13.01. This resulted in the Director holding 30,419 shares of PDM after the transaction. In another insider transaction, Taysom Dale H. bought 1,000 shares at $15.23 per share on May 09. Company shares held by the Director now total 33,594.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Piedmont Office Realty Trust Inc. pays an annual dividend of $0.84, resulting in a dividend yield of 7.22%, and it has a price to earnings (P/E) ratio of 30.29. PDM’s most recent ex-dividend date was 08/25/2022 when it declared a $0.21 quarterly dividend that was paid in cash on 09/16/2022. Previously, the company paid the dividend on 06/17/2022 with an ex-dividend date of 05/26/2022. The dividend was $0.21 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PDM in the last 3 months, the mean price target is $17.67 with high estimates of $19.00 and low estimates of $17.00. In terms of 52-week highs and lows, PDM has a high of $19.84 and a low of $11.55.

As of this writing, PDM has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.5 per share and a lower estimate of $0.49.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PDM’s latest balance sheet shows that the firm has $7.42M in Cash & Short Term Investments as of fiscal 2021. There were $1.88B in debt and $140.50M in liabilities at the time. Its Book Value Per Share was $14.70, while its Total Shareholder’s Equity was $1.79B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PDM is Buy with a score of 4.00. A total of 1 analysts rated the stock as Buy while 1 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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