After finishing at $6.08 in the prior trading day, Piedmont Office Realty Trust Inc (NYSE: PDM) closed at $6.03, down -0.82%. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 636143 shares were traded. PDM stock price reached its highest trading level at $6.18 during the session, while it also had its lowest trading level at $5.97.
Ratios:
Our goal is to gain a better understanding of PDM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 177.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.37. In the meantime, Its Debt-to-Equity ratio is 1.22 whereas as Long-Term Debt/Eq ratio is at 1.00.
Insider Transactions:
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.
Valuation Measures:
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 746.52M and an Enterprise Value of 2.80B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.24 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at 4.85 whereas that against EBITDA is 9.69.
Stock Price History:
Over the past 52 weeks, PDM has reached a high of $9.40, while it has fallen to a 52-week low of $4.91. The 50-Day Moving Average of the stock is 6.94, while the 200-Day Moving Average is calculated to be 6.57.
Shares Statistics:
The stock has traded on average 1.02M shares per day over the past 3-months and 1.01M shares per day over the last 10 days, according to various share statistics. A total of 123.72M shares are outstanding, with a floating share count of 121.93M. Insiders hold about 1.51% of the company’s shares, while institutions hold 86.02% stake in the company. Shares short for PDM as of Feb 15, 2024 were 2.34M with a Short Ratio of 2.29, compared to 2.51M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.89% and a Short% of Float of 2.62%.
Dividends & Splits
In the trailing 12 months, PDM’s forward annual dividend rate was 0.67, compared to 0.58 this year. Against a Trailing Annual Dividend Yield of 11.02%, it implies a Forward Annual Dividend Yield of 8.22%. The stock’s 5-year Average Dividend Yield is 6.47. The current Payout Ratio is 70.67% for PDM, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 22, 2024. Stock splits for the company last occurred on Feb 21, 2007 when the company split stock in a 1:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 0 different market analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.01. 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 -$0.2 and -$0.2 for the fiscal current year, implying an average EPS of -$0.2. EPS for the following year is -$0.24, with 1 analysts recommending between -$0.24 and -$0.24.
Revenue Estimates
1 analysts predict $144.4M in revenue for the current quarter. It ranges from a high estimate of $144.4M to a low estimate of $144.4M. As of the current estimate, Piedmont Office Realty Trust Inc’s year-ago sales were $142.37M, an estimated increase of 1.40% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $142.32M, a decrease of -0.50% less than the figure of $1.40% in the same quarter last year. There is a high estimate of $142.32M for the next quarter, whereas the lowest estimate is $142.32M.
A total of 1 analysts have provided revenue estimates for PDM’s current fiscal year. The highest revenue estimate was $566.89M, while the lowest revenue estimate was $566.89M, resulting in an average revenue estimate of $566.89M. In the same quarter a year ago, actual revenue was $577.76M, down -1.90% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $560.7M in the next fiscal year. The high estimate is $560.7M and the low estimate is $560.7M. The average revenue growth estimate for next year is down -1.10% from the average revenue estimate for this year.
