Market Insight: Piedmont Office Realty Trust Inc (PDM)’s Notable Drop, Closing at 8.70

For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.

In the latest session, Piedmont Office Realty Trust Inc (NYSE: PDM) closed at $8.70 down -0.68% from its previous closing price of $8.76. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 0.66 million shares were traded. PDM stock price reached its highest trading level at $8.79 during the session, while it also had its lowest trading level at $8.655.

Ratios:

For a deeper understanding of Piedmont Office Realty Trust Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 1.39 whereas as Long-Term Debt/Eq ratio is at 1.23.

On January 07, 2020, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral but kept the price unchanged to $26.

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 1078800000 and an Enterprise Value of 3168675584. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.88 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 5.536 whereas that against EBITDA is 13.256.

Stock Price History:

The Beta on a monthly basis for PDM is 1.17, which has changed by 0.19021738 over the last 52 weeks, in comparison to a change of 0.24440956 over the same period for the S&P500. Over the past 52 weeks, PDM has reached a high of $11.11, while it has fallen to a 52-week low of $5.93. The 50-Day Moving Average of the stock is -5.08%, while the 200-Day Moving Average is calculated to be 1.20%.

Shares Statistics:

For the past three months, PDM has traded an average of 828.69K shares per day and 590670 over the past ten days. A total of 124.00M shares are outstanding, with a floating share count of 122.17M. Insiders hold about 1.48% of the company’s shares, while institutions hold 88.82% stake in the company. Shares short for PDM as of 1735603200 were 2198744 with a Short Ratio of 2.65, compared to 1732838400 on 2562533. Therefore, it implies a Short% of Shares Outstanding of 2198744 and a Short% of Float of 2.54.

Dividends & Splits

According to the company, the forward annual dividend rate for PDM is 0.50, from 0.5 in the trailing year. Against a Trailing Annual Dividend Yield of 0.057077624The stock’s 5-year Average Dividend Yield is 6.92.

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