Piedmont Office Realty Trust Inc (PDM) looking to reclaim success with recent performance

With 0.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.76 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $9.435 whereas the lowest price it dropped to was $9.29. The 52-week range on PDM shows that it touched its highest point at $11.11 and its lowest point at $5.78 during that stretch. It currently has a 1-year price target of $11.00. With its current market cap of 1.17 billion, PDM has annualized dividend of $0.50 while the current yield stands at 5.32%. Beta for the stock currently stands at 1.19.

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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 down-trending over the past week, with a drop of -3.39%, but this was down by -12.31% over a month. Three-month performance surged to 2.62% while six-month performance rose 31.28%. The stock gained 51.86% in the past year, while it has gained 32.21% 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 2024-10-31, short shares totaled 4.04 million, which was 326.0 higher than short shares on 1727654400. In addition to Mr. Christopher Brent Smith as the firm’s President, CEO & Director, Mr. George M. Wells serves as its Executive VP & COO.

Institutional Ownership:

Through their ownership of 0.92660004 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 12.0 and a low target of 10.0, the average target price over the next 12 months is 11.0. Based on these targets, PDM could surge 27.66% to reach the target high and rise by 6.38% to reach the target low. Reaching the average price target will result in a growth of 17.02% from current levels.

Analysts have provided yearly estimates in a range of -$0.39462 being high and -$0.39996 being low. For PDM, this leads to a yearly average estimate of -$0.39729.