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Piedmont Office Realty Trust, Inc. (PDM)

NYSE - NYSE Delayed Price. Currency in USD
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18.00-0.40 (-2.17%)
At close: 4:00PM EDT
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Hanging Man

Hanging Man

Previous Close18.40
Open18.43
Bid0.00 x 900
Ask18.05 x 800
Day's Range17.99 - 18.48
52 Week Range11.26 - 19.99
Volume602,218
Avg. Volume788,480
Market Cap2.282B
Beta (5Y Monthly)1.01
PE Ratio (TTM)9.73
EPS (TTM)1.85
Earnings DateApr 28, 2021
Forward Dividend & Yield0.84 (4.67%)
Ex-Dividend DateFeb 25, 2021
1y Target Est19.33
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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-39% Est. Return
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  • PIEDMONT OFFICE REALTY TRUST EARNS 2021 ENERGY STAR® PARTNER OF THE YEAR AWARD
    GlobeNewswire

    PIEDMONT OFFICE REALTY TRUST EARNS 2021 ENERGY STAR® PARTNER OF THE YEAR AWARD

    Atlanta, GA, April 13, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE: PDM) today announced that the U.S. Environmental Protection Agency and the U.S. Department of Energy have recognized the Company as a 2021 ENERGY STAR Partner of the Year. Each year, the ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements. ENERGY STAR Award Winners lead their industries in the production, sale, and adoption of energy-efficient products, services, and strategies. These efforts are essential to addressing the human impact on climate change. “Piedmont is honored to receive the ENERGY STAR Partner of the Year award, recognizing our accomplishments to date and our ongoing commitment to reduce energy consumption within our buildings. More and more businesses are focused on their impact on the environment and the communities in which they live and work. Piedmont is proud to be a leader in real estate sustainability which benefits our tenants by lowering operating expenses as well as reducing their carbon footprint,” said C. Brent Smith, Piedmont’s President and Chief Executive Officer. Piedmont’s 2020 accomplishments related to award-winning energy management programs included: Earned ENERGY STAR recognition for 41 buildings (12.2 million square feet).Benchmarked 100% of managed office assets for energy and water usage, within ENERGY STAR Portfolio Manager.Continued our progress toward achieving our goals of 20% energy, water, and greenhouse gas emissions by 2026, 2028, and 2028, respectively.Piloted multiple cutting edge, efficiency technologies and healthy building strategies throughout the portfolio. “ENERGY STAR award-winning partners are showing the world that delivering real climate solutions makes good business sense and promotes job growth,” said EPA Administrator Michael S. Regan. “Many of them have been doing it for years, inspiring all of us who are committed to tackling the climate crisis and leading the way to a clean energy economy.” Winners were selected from a network of thousands of ENERGY STAR partners. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners. About Piedmont Office Realty TrustPiedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. 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 S&P Global Ratings (BBB) and Moody’s (Baa2). As of March 31, 2021, approximately 74% of the Company’s portfolio was ENERGY STAR certified and approximately 43% was LEED certified. For more information, see www.piedmontreit.com. About ENERGY STAR ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations—including more than 40 percent of the Fortune 500®—rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: https://www.energystar.gov/about and https://www.energystar.gov/about/origins_mission/energy_star_numbers CONTACT: Jon KuskieDirector of Sustainability and National InitiativesPiedmont Office Realty TrustJon.kuskie@piedmontreit.com

  • Piedmont Office Realty Trust, Inc to Report First Quarter 2021 Financial Results
    GlobeNewswire

    Piedmont Office Realty Trust, Inc to Report First Quarter 2021 Financial Results

    Atlanta, April 07, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter financial results on Wednesday, April 28, 2021, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Thursday, April 29, 2021, at 10:00 a.m. Eastern daylight time and will be broadcast live in listen-only mode on the company’s investor relations website at http://investor.piedmontreit.com/news-and-events/events-calendar. During the conference call, the Company’s management team will review first quarter performance, discuss recent events and conduct a question-and-answer period. To Listen to the Webcast:Click on the webcast link under the Investor Relations section of the Company's website at http://investor.piedmontreit.com/news-and-events/events-calendar. For analysts that are participating in the Conference Call:Please dial in at least fifteen minutes prior to start time to ensure a timely connection.Domestic: (844) 602-0380International: (862) 298-0970 To Listen to the Replay via Webcast:Click on the webcast link under the Investor Relations section of the Company’s website at www.piedmontreit.com. To Listen to the Replay Telephonically:Domestic: (877) 481-4010International: (919) 882-2331 Replay Passcode: 40769The playback can be accessed through May 13, 2021 at 10:00am EDT. To Submit a Question:Investors interested in submitting a question to the Company prior to the call should send their questions to the following email address: askpiedmont@piedmontreit.com. Company management will attempt to answer as many questions as time allows on the conference call. About Piedmont Office Realty Trust Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. 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 S&P Global Ratings (BBB) and Moody’s (Baa2). As of December 31, 2020, approximately 64% of the company’s portfolio was ENERGY STAR certified and approximately 43% was LEED certified. For more information, see www.piedmontreit.com. Research Analysts/ Institutional Investors Contact:Eddie Guilbert770-418-8592research.analysts@piedmontreit.com Shareholder Services/Transfer Agent Services Contact:Computershare, Inc.866-354-3485investor.services@piedmontreit.com

  • Benzinga

    5 Value Stocks To Watch In The Real Estate Sector

    The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching: GEO Group (NYSE:GEO) - P/E: 8.65 Tremont Mortgage (NASDAQ:TRMT) - P/E: 5.65 Brandywine Realty Trust (NYSE:BDN) - P/E: 7.52 Optibase (NASDAQ:OBAS) - P/E: 9.13 Piedmont Office Realty (NYSE:PDM) - P/E: 9.52 GEO Group's earnings per share for Q4 sits at 0.48, whereas in Q3, they were at 0.52. Its most recent dividend yield is at 11.16%, which has decreased by 0.86% from 12.02% in the previous quarter. Tremont Mortgage has reported Q4 earnings per share at 0.28, which has decreased by 15.15% compared to Q3, which was 0.33. Tremont Mortgage does not have a dividend yield, which investors should be aware of when considering holding onto such a stock. Brandywine Realty Trust saw an increase in earnings per share from 0.35 in Q3 to 0.36 now. The company's most recent dividend yield sits at 6.24%, which has decreased by 0.24% from 6.48% last quarter. Optibase saw an increase in earnings per share from 0.34 in Q2 to 1.0 now. Optibase does not have a dividend yield, which investors should be aware of when considering holding onto such a stock. Piedmont Office Realty saw a decrease in earnings per share from 0.48 in Q3 to 0.46 now. The company's most recent dividend yield sits at 5.38%, which has decreased by 1.54% from 6.92% last quarter. These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector. See more from BenzingaClick here for options trades from BenzingaOverview Of Value Stocks In The Real Estate Sector5 Value Stocks In The Real Estate Sector© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.