Piedmont Office Realty Trust (PDM) Given Daily News Sentiment Score of 0.17

News headlines about Piedmont Office Realty Trust (NYSE:PDM) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Piedmont Office Realty Trust earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.3725418552604 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Piedmont Office Realty Trust stock opened at $16.78 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.87. The company has a market cap of $2,375.80, a P/E ratio of 18.24, a P/E/G ratio of 2.62 and a beta of 0.60. Piedmont Office Realty Trust has a fifty-two week low of $16.69 and a fifty-two week high of $22.74.

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Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.63). The company had revenue of $139.44 million for the quarter, compared to analyst estimates of $136.82 million. Piedmont Office Realty Trust had a return on equity of 1.16% and a net margin of 23.26%. analysts anticipate that Piedmont Office Realty Trust will post 1.68 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.01%. The ex-dividend date was Thursday, February 22nd. Piedmont Office Realty Trust’s dividend payout ratio is currently 91.30%.

Several research analysts have commented on the stock. Stifel Nicolaus cut shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. ValuEngine cut shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. SunTrust Banks set a $21.00 target price on shares of Piedmont Office Realty Trust and gave the stock a “hold” rating in a report on Monday, January 22nd. Robert W. Baird set a $22.00 target price on shares of Piedmont Office Realty Trust and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Zacks Investment Research upgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.25.

In related news, Director Jeffrey L. Swope purchased 5,700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was acquired at an average cost of $17.57 per share, for a total transaction of $100,149.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Brent Smith purchased 2,800 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $17.80 per share, with a total value of $49,840.00. Following the completion of the acquisition, the insider now owns 53,027 shares of the company’s stock, valued at approximately $943,880.60. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.

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About Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc is an integrated self-managed real estate investment trust (REIT). The Company’s business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture.

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