Piedmont Office Realty Trust (NYSE:PDM – Get Free Report) is set to announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Piedmont Office Realty Trust has set its FY24 guidance at $1.46-1.52 EPS and its FY 2024 guidance at 1.460-1.520 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Piedmont Office Realty Trust (NYSE:PDM – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.45). The company had revenue of $143.26 million for the quarter, compared to analysts’ expectations of $141.25 million. Piedmont Office Realty Trust had a negative return on equity of 4.84% and a negative net margin of 14.24%. On average, analysts expect Piedmont Office Realty Trust to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Piedmont Office Realty Trust Trading Up 2.0 %
Shares of PDM opened at $10.82 on Thursday. Piedmont Office Realty Trust has a 12-month low of $4.91 and a 12-month high of $10.85. The firm has a market capitalization of $1.34 billion, a P/E ratio of -17.73 and a beta of 1.22. The firm has a 50-day moving average price of $9.64 and a 200 day moving average price of $8.11. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.34.
Piedmont Office Realty Trust Dividend Announcement
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. StockNews.com upgraded Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Truist Financial reaffirmed a “buy” rating and issued a $11.00 price target (up previously from $10.00) on shares of Piedmont Office Realty Trust in a research note on Wednesday, August 14th.
Get Our Latest Stock Analysis on Piedmont Office Realty Trust
About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.
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