Piedmont Office Realty Trust Inc [PDM] stock is trading at $6.39, saw in change for the day. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PDM shares have gain 3.40% over the last week, with a monthly amount drifted -3.47%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Piedmont Office Realty Trust Inc [NYSE: PDM] stock has seen the most recent analyst activity on January 07, 2020, when Robert W. Baird upgraded its rating to a Outperform but kept the price target unchanged to $26 for it. Previously, Stifel upgraded its rating to Hold on February 07, 2019. On January 09, 2019, downgrade downgraded it’s rating to Neutral. SunTrust upgraded its rating to a Buy. Stifel downgraded its rating to a Sell and reduced its price target to $15 on March 13, 2018. Robert W. Baird upgraded its rating to Outperform for this stock on August 28, 2017, and upped its price target to $24. In a note dated January 23, 2017, Stifel upgraded an Hold rating on this stock and boosted its target price from $18 to $20.50.
Piedmont Office Realty Trust Inc [PDM] stock has fluctuated between $4.91 and $8.47 over the past year. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. Piedmont Office Realty Trust Inc [NYSE: PDM] shares were valued at $6.39 at the most recent close of the market. An investor can expect a potential return of 142.57% based on the average PDM price forecast.
Analyzing the PDM fundamentals
Piedmont Office Realty Trust Inc [NYSE:PDM] reported sales of 604.04M for the trailing twelve months, which represents a growth of 13.88%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.32 points at the first support level, and at 6.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.45, and for the 2nd resistance point, it is at 6.51.
Piedmont Office Realty Trust Inc [PDM] reported earnings per share of -$0.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.02/share, meaning a difference of -$0.21 and a surprise factor of -1,050.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.14 per share as compared to estimates of -$0.04 per share, a difference of -$0.1 representing a surprise of -250.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 0.46.
Transactions by insiders
Recent insider trading involved Swope Jeffrey L., Director, that happened on Mar 20 ’23 when 70000.0 shares were purchased. Director, BARRETT KELLY HEFNER completed a deal on Mar 20 ’23 to buy 10000.0 shares. Meanwhile, Director Taysom Dale H. bought 2000.0 shares on Mar 20 ’23.
