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Tuesday, June 6, 2023

Piedmont Office Realty Trust Inc. (NYSE: PDM) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

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. After-hours trades for Piedmont Office Realty Trust Inc. (PDM) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $6.49. The Piedmont Office Realty Trust Inc. has recorded 43,371 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Piedmont Office Realty Trust Reports First Quarter 2023 Results.

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Office industry segment. At the end of the last regular session, the stock closed at $6.49 and fluctuated between $6.65 as its day high and $6.40 as its day low. The current market capitalization of Piedmont Office Realty Trust Inc. is $761.28M. A total of 0.96 million shares were traded on the day, compared to an average of 1.54M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PDM has seen 39 BUY and 32 SELL insider trades, representing the acquisition of 262,317 and the disposition of 77,095 shares. Over the last 12 months, there were 65 BUYs and 46 SELLs from insiders. Insiders purchased 503,903 shares during that period but sold 141,507.

In the most recent transaction, Swope Jeffrey L. bought 70,000 shares of PDM for 7.16 per share on Mar 20. After the transaction, the Director now owns 197,518 company shares. In a previous transaction on Mar 20, BARRETT KELLY HEFNER bought 10,000 shares at 7.05 per share. PDM shares that Director owns now total 45,762.

Among the insiders who bought shares, Taysom Dale H. acquired of 2,000 shares on Mar 20 at a per-share price of $6.99. This resulted in the Director holding 41,976 shares of PDM after the transaction. In another insider transaction, Lang Barbara B bought 348 shares at $7.15 per share on Mar 20. Company shares held by the Director now total 25,679.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Piedmont Office Realty Trust Inc. pays an annual dividend of $0.84, resulting in a dividend yield of 12.94%, and it has a price to earnings (P/E) ratio of 9.37. PDM’s most recent ex-dividend date was 5/25/2023 when it declared a $0.21 quarterly dividend that was paid in cash on 6/16/2023. Previously, the company paid the dividend on 3/17/2023 with an ex-dividend date of 2/23/2023. The PDM stock dividend was $0.21 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PDM in the last 3 months, the mean price target is $11.83 with high estimates of $14.00 and low estimates of $8.50. In terms of 52-week highs and lows, PDM has a high of $15.87 and a low of $5.99.

As of this writing, PDM has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.01. The company reported an EPS of $0.61 in the last quarter, which was 1,933.30% higher than expectations of $0.03.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $221.19M in liabilities at the time. Its Book Value Per Share was $14.72, while its Total Shareholder’s Equity was $1.79B.

Analysts Opinion

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. Currently, 0 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.

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