This trade activity should not be overlooked: Piedmont Office Realty Trust Inc (PDM)

With 1.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $10.69 whereas the lowest price it dropped to was $10.08. The 52-week range on PDM shows that it touched its highest point at $11.11 and its lowest point at $5.37 during that stretch. It currently has a 1-year price target of $10.67. With its current market cap of 1.27 billion, PDM has annualized dividend of $0.50 while the current yield stands at 4.87%. Beta for the stock currently stands at 1.20.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PDM was up-trending over the past week, with a rise of 1.78%, but this was up by 5.55% over a month. Three-month performance surged to 17.91% while six-month performance rose 50.15%. The stock gained 70.03% in the past year, while it has gained 44.44% so far this year. A look at the trailing 12-month EPS for PDM yields -0.62 with Next year EPS estimates of -0.10. For the next quarter, that number is -0.04. This implies an EPS growth rate of -1.87% for this year and 74.22% for next year.

Float and Shares Shorts:

At present, 123.72 million PDM shares are outstanding with a float of 122.19 million shares on hand for trading. On 2024-10-15, short shares totaled 2.9 million, which was 234.0 higher than short shares on 1726185600. In addition to Mr. Christopher Brent Smith as the firm’s President, CEO & Director, Mr. Robert E. Bowers CPA serves as its CFO, Executive VP & Chief Administrative Officer.

Institutional Ownership:

Through their ownership of 0.91287005 of PDM’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, PDM reported revenue of $139293000.0 and operating income of $18907000.0. The EBITDA in the recently reported quarter was $77065000.0 and diluted EPS was -$0.09.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential. With PDM analysts setting a high price target of 11.0 and a low target of 11.0, the average target price over the next 12 months is 11.0. Based on these targets, PDM could surge 7.11% to reach the target high and rise by 7.11% to reach the target low. Reaching the average price target will result in a growth of 7.11% from current levels.

Analysts have provided yearly estimates in a range of -$0.39009 being high and -$0.40449 being low. For PDM, this leads to a yearly average estimate of -$0.39729. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.