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Wednesday, December 6, 2023

An Evaluation Of Piedmont Office Realty Trust Inc (NYSE: PDM) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Piedmont Office Realty Trust Inc (PDM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.17%, to $5.82. The Piedmont Office Realty Trust Inc has recorded 50,763 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Newmark, on Behalf of Piedmont Office Realty Trust, Inc., Secures 447,000 SF Renewal of U.S. Bancorp’s Headquarters.

Stocks Info

PDM belongs to the Real Estate sector of the NYSE while operating in the REIT – Office industry. At the end of the last regular session, the stock closed at $5.81 and fluctuated between $5.81 as its day high and $5.48 as its day low. The current market capitalization of Piedmont Office Realty Trust Inc is $718.76M. A total of 1.03 million shares were traded on the day, compared to an average of 1.25M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PDM has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 29,793 and the disposition of 12,845 shares. Over the last 12 months, there were 62 BUYs and 48 SELLs from insiders. Insiders purchased 500,056 shares during that period but sold 158,131.

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.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Piedmont Office Realty Trust Inc pays an annual dividend of $0.67, resulting in a dividend yield of 11.53%, and it has a price to earnings (P/E) ratio of 13.01. PDM’s most recent ex-dividend date was 11/22/2023 when it declared a $0.1250 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/24/2023. The PDM stock dividend was $0.1250 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PDM in the last 3 months, the mean price target is $9.83 with high estimates of $13.00 and low estimates of $7.50. In terms of 52-week highs and lows, PDM has a high of $11.37 and a low of $4.91.

As of this writing, PDM has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.04.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $14.27, while its Total Shareholder’s Equity was $1.79B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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