Piedmont Office Realty Trust, Inc. (PDM) to Issue Quarterly Dividend of $0.13 on March 14th

Posted by Michael Walen on Feb 5th, 2025

Piedmont Office Realty Trust, Inc. (NYSE:PDM – Get Free Report) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.125 per share by the real estate investment trust on Friday, March 14th. This represents a $0.50 annualized dividend and a dividend yield of 5.87%. The ex-dividend date of this dividend is Friday, February 21st.

Piedmont Office Realty Trust has decreased its dividend payment by an average of 15.9% annually over the last three years.

Piedmont Office Realty Trust Stock Down 0.1 %

PDM opened at $8.52 on Wednesday. The business has a 50 day moving average price of $8.94 and a two-hundred day moving average price of $9.37. Piedmont Office Realty Trust has a 52 week low of $5.93 and a 52 week high of $11.11. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.36.

Analysts Set New Price Targets

A number of equities research analysts have commented on PDM shares. Robert W. Baird downgraded Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating and set a $11.00 target price for the company. in a report on Thursday, January 16th. Baird R W cut shares of Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, StockNews.com downgraded shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 20th.

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Piedmont Office Realty Trust Company Profile

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Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. 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 Standard & Poor's and Moody's.