Piedmont Office Realty Trust(PDM) is having a Dividend Yield of 3.82% with the Annual cash Dividend per share of $0.84. The last quarter cash dividend per share pay out was $0.21. Piedmont Office Realty Trust has a 5 year average dividend yield of 4.5% and the stock has a Indicated annual dividend of $0.84. Piedmont Office Realty Trust(PDM) formally announced its most recent dividend on February 9, 2017 with a Dividend per share of $0.21. The new indicated annual dividend based on announced dividend per share is $0.84. The dividend yield based on the forward looking indicated annual dividend is 3.82%. Piedmont Office Realty Trust(PDM) has the most recent dividend payout ratio of 0.5 with a 5-year average payout ratio of 0.54. The 5 year historical dividend growth of Piedmont Office Realty Trust(PDM) is at the rate of 1.46% while the R-Squared dividend growth is 0.74. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Piedmont Office Realty Trust, Inc. (NYSE:PDM) rose 0.91% or 0.2 points on Thursday and made its way into the gainers of the day. After trading began at $21.98 the stock was seen hitting $22.38 as a peak level and $21.94 as the lowest level. The stock ended up at $22.21. The daily volume was measured at 620,855 shares. The 52-week high of the share price is $22.38 and the 52-week low is $17.31. The company has a market cap of $3,226 million. Shares of Piedmont Office Realty Trust, Inc. rose by 2.11% in the last five trading days and 5.11% for the last 4 weeks. Piedmont Office Realty Trust, Inc. is up 14.82% in the last 3-month period. Year-to-Date the stock performance stands at 6.22%.
Currently the company Insiders own 0.69% of Piedmont Office Realty Trust, Inc. shares according to the proxy statements. Institutional Investors own 84.33% of Piedmont Office Realty Trust, Inc. shares. 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.
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 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.
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.