Piedmont Office Realty Trust, Inc. (PDM) dropped slightly amid mild profit booking and the last known price was $21.69 per share. The price decreased by -0.03 points or -0.14% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $0.9 million. The total upticks were valued at $1.03 million and the total downticks aggregated to $0.14 million, thereby putting the up/down ratio at 7.52,. The shares has seen a change in the share price of 0.51% on a weekly basis.In a big block trade which occurred today, the total uptick value was $1.01 million and the total downtick value was $0, resulting in an up/down ratio of 0. The net money flow for the block trade was calculated to be $1.01 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
Piedmont Office Realty Trust, Inc. has dropped 2.33% in the last five trading days, however, the shares have posted positive gains of 2.15% in the last 4 weeks. Piedmont Office Realty Trust, Inc. is up 5.46% in the last 3-month period. Year-to-Date the stock performance stands at 2.15%. Piedmont Office Realty Trust, Inc. (NYSE:PDM) witnessed a decline in the market cap on Wednesday as its shares dropped 1.66% or 0.36 points. After the session commenced at $21.79, the stock reached the higher end at $21.84 while it hit a low of $21.29. With the volume soaring to 634,569 shares, the last trade was called at $21.36. The company has a 52-week high of $22.28. The company has a market cap of $3,102 million and there are 145,235,310 shares in outstanding. The 52-week low of the share price is $16.93.
Company has reported several Insider transactions to the SEC, on Dec 11, 2015, Laura P Moon (SVP- CAO) sold 11,000 shares at 18.75 per share price.On Sep 2, 2015, Donald A Miller (CEO) purchased 7,500 shares at 16.72 per share price.On Aug 26, 2015, Jeffrey L. Swope (director) purchased 5,800 shares at 17.25 per share price.
Piedmont Office Realty Trust Last issued its quarterly earnings results on Nov 1, 2016. The company reported $0.41 EPS for the quarter. Analyst had a consensus estimate of $0.41. The company had revenue of $138.49 million for the quarter, compared to analysts expectations of $137.45 million. The companys revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Stifel on Jan 23, 2017 to Hold, Raises Price Target to $ 20.50 from a previous price target of $18 .
Piedmont Office Realty Trust, Inc. is an integrated and self-managed real estate investment trust specializing in the acquisition, ownership, management and development of commercial real estate properties. That includes properties that are under construction, newly constructed, or have operating histories. The Company is primarily focused on high-quality Class A office buildings located in major U.S. markets and leased primarily to high-credit quality tenants. Major markets include: Washington, D.C., greater Los Angeles, the New York metropolitan area, Boston and Chicago. Piedmont conducts business primarily through Piedmont Operating Partnership, LP; a Delaware limited partnership, as well as performing the management of its buildings through two wholly-owned subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. Piedmont OP owns a majority of its properties directly and a limited number through joint ventures with real estate limited partnerships with other third parties.