This Week’s -0.49% Loss In Piedmont Office Realty Trust Inc (NYSE: PDM) Taught Us Something New

Piedmont Office Realty Trust Inc (NYSE:PDM)’s traded shares stood at 0.27 million during the latest session, with the company’s beta value hitting 1.16. At the last check today, the stock’s price was $7.12, to imply an increase of 3.11% or $0.21 in intraday trading. The PDM share’s 52-week high remains $8.05, putting it -13.06% down since that peak but still an impressive 31.04% since price per share fell to its 52-week low of $4.91. The company has a valuation of $882.72M, with an average of 781.57K shares over the past 3 months.

Piedmont Office Realty Trust Inc (NYSE:PDM) trade information

After registering a 3.11% upside in the latest session, Piedmont Office Realty Trust Inc (PDM) has traded red over the past five days. The stock hit a weekly high of 7.30, jumping 3.11% in its intraday price action. The 5-day price performance for the stock is -0.49%, and 3.41% over 30 days. With these gigs, the year-to-date price performance is 0.21%.

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Piedmont Office Realty Trust Inc (PDM) estimates and forecasts

Looking at statistics comparing Piedmont Office Realty Trust Inc share performance against respective industry, we note that the company has underperformed competitors. Piedmont Office Realty Trust Inc (PDM) shares are 16.23% up over the last 6 months, with its year-to-date growth rate lower than industry average at -13.79% against -2.50%. The rating firms project that company’s revenue will shrink -2.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 138.33M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 140.82M.Earnings reports from the last fiscal year show that sales brought in 143.07M and 146.99M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -3.30% before dropping -4.20% in the following quarter.

PDM Dividends

Piedmont Office Realty Trust Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Piedmont Office Realty Trust Inc has a forward dividend ratio of 0.50, with the share yield ticking at 7.02% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.