Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.21 per share by the real estate investment trust on Friday, January 3rd. This represents a $0.84 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Wednesday, November 27th.
NYSE PDM opened at $21.38 on Monday. The company has a market cap of $2.68 billion, a P/E ratio of 12.36 and a beta of 0.68. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50 day moving average price is $21.25 and its 200-day moving average price is $20.56. Piedmont Office Realty Trust has a fifty-two week low of $16.43 and a fifty-two week high of $22.58.
Piedmont Office Realty Trust (NYSE:PDM) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.38). The company had revenue of $135.46 million for the quarter, compared to the consensus estimate of $127.16 million. Piedmont Office Realty Trust had a net margin of 20.92% and a return on equity of 6.58%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. As a group, equities analysts predict that Piedmont Office Realty Trust will post 1.78 EPS for the current year.
About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select sub-markets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $5 billion portfolio is currently comprised of approximately 17 million square feet.
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