Piedmont Office Realty Trust Inc. (NYSE: PDM) closed the day trading at $6.14 down -5.39% from the previous closing price of $6.49. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 1180044 shares were traded. PDM stock price reached its highest trading level at $6.27 during the session, while it also had its lowest trading level at $6.05.
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For a better understanding of PDM, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.21 whereas as Long-Term Debt/Eq ratio is at 1.21.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 20 when Swope Jeffrey L. bought 70,000 shares for $7.16 per share. The transaction valued at 501,473 led to the insider holds 197,518 shares of the business.
BARRETT KELLY HEFNER bought 10,000 shares of PDM for $70,544 on Mar 20. The Director now owns 45,762 shares after completing the transaction at $7.05 per share. On Mar 20, another insider, Taysom Dale H., who serves as the Director of the company, bought 2,000 shares for $6.99 each. As a result, the insider paid 13,975 and bolstered with 41,976 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PDM now has a Market Capitalization of 797.50M and an Enterprise Value of 2.76B. As of this moment, Piedmont’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 0.42. Its current Enterprise Value per Revenue stands at 4.85 whereas that against EBITDA is 7.13.
Stock Price History:
Over the past 52 weeks, PDM has reached a high of $14.84, while it has fallen to a 52-week low of $5.99. The 50-Day Moving Average of the stock is 6.66, while the 200-Day Moving Average is calculated to be 9.44.
Over the past 3-months, PDM traded about 1.59M shares per day on average, while over the past 10 days, PDM traded about 1.35M shares per day. A total of 123.55M shares are outstanding, with a floating share count of 122.26M. Insiders hold about 0.50% of the company’s shares, while institutions hold 87.70% stake in the company. Shares short for PDM as of Apr 27, 2023 were 4.35M with a Short Ratio of 3.73M, compared to 4.3M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.51% and a Short% of Float of 4.85%.
Dividends & Splits
PDM’s forward annual dividend rate is 0.84, up from 0.84 a year ago. Against a Trailing Annual Dividend Yield of 13.38%, it implies a Forward Annual Dividend Yield of 12.41%. The stock’s 5-year Average Dividend Yield is 5.38. The current Payout Ratio is 121.20% for PDM, which recently paid a dividend on Jun 15, 2023 with an ex-dividend date of May 24, 2023. Stock splits for the company last occurred on Feb 20, 2007 when the company split stock in a 1:1 ratio.
Current recommendations for the stock of the company come from 1 analysts. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.01, while EPS last year was $0.06. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$0.03 and -$0.03 for the fiscal current year, implying an average EPS of -$0.03. EPS for the following year is -$0.02, with 1 analysts recommending between -$0.02 and -$0.02.
2 analysts predict $144.77M in revenue for the current quarter. It ranges from a high estimate of $146M to a low estimate of $143.53M. As of the current estimate, Piedmont Office Realty Trust Inc.’s year-ago sales were $136.31M, an estimated increase of 6.20% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $145.4M, an increase of 5.40% less than the figure of $6.20% in the same quarter last year. There is a high estimate of $146M for the next quarter, whereas the lowest estimate is $144.81M.
A total of 2 analysts have provided revenue estimates for PDM’s current fiscal year. The highest revenue estimate was $581M, while the lowest revenue estimate was $577.12M, resulting in an average revenue estimate of $579.06M. In the same quarter a year ago, actual revenue was $563.8M, up 2.70% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $564.6M in the next fiscal year. The high estimate is $571.2M and the low estimate is $558M. The average revenue growth estimate for next year is down -2.50% from the average revenue estimate for this year.