What The Financials Tell Us About Piedmont Office Realty Trust Inc. (PDM)

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Piedmont Office Realty Trust Inc. (NYSE:PDM) finished Friday with a subtraction of -$0.05 to close at $9.17, a downside of -0.54 percent. An average of 769,140 shares of common stock have been traded in the last five days. There was a gain of $0.09 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,428,370 shares traded, while the 50-day average volume stands at 1,264,582.

PDM stock has decreased by -11.91% in the last month. The company shares reached their 1-month lowest point of $8.72 on 12/20/22. With the stock rallying to its 52-week high on 01/07/22, shares of the company touched a low of $8.72 and a high of $19.84 in 52 weeks. It has reached a new high 4 times so far this year and lost -50.11% or -$9.21 in price. In spite of this, the price is down -53.78% from the 52-week high.


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Insider Transactions

PDM stock investors should be aware that Piedmont Office Realty Trust Inc. (PDM) stock had its last reported insider trading activity 242 days ago on Sep 30.

Valuation Metrics

Piedmont Office Realty Trust Inc. (PDM) has a trailing price-to-earnings (P/E) ratio of 28.66. The stock’s beta is 0.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.04, the price-to-book (PB) ratio at 0.63, and the price-to-cash flow ratio at 418.15.

The company has a payout ratio of 261.20%. The company’s most recent quarterly dividend payment was $0.21 a share, without any change from last year. Its latest decrease dividend $0.29 reported on Wednesday February 7 2018.

Financial Health

Further, the company has a long term debt to equity ratio of 1.19 and a total debt to equity ratio of 1.19 for the quarter ending June 29. Its gross profit as reported stood at $39.92 million compared to revenue of $528.71 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Piedmont Office Realty Trust Inc.’s return on assets was 1.00%.

Earnings Surprise

For the three-month period that ended June 29, Piedmont Office Realty Trust Inc. had $197.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.33 million in the quarter, while revenues of $7.97 million were shrunk -239.64%. The analyst consensus anticipated Piedmont Office Realty Trust Inc.’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0.06, a 0.00% surprise. For the quarter, EBITDA amounted to $77.02 million. At the end of the quarter ending June 29, Piedmont Office Realty Trust Inc.’s stock balance sheet showed total debt was $1.67 billion. Shareholders own equity worth $123.39 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Piedmont Office Realty Trust Inc. (PDM) price momentum. RSI 9-day as of the close on 30 December was 47.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.04%.

As of today, PDM’s price is $9.16 +0.99% or $0.09 from its 5-day moving average. PDM is currently trading -10.19% lower than its 20-day SMA and -29.24% lower than its 100-day SMA. However, the stock’s current price level is -4.68% below the SMA50 and -44.59% below the SMA200.

The stochastic %K and %D were 41.84% and 43.88%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 45.92% and the average true range at 0.30, the RSI (14) stands at 44.32%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.01.

Analyst Ratings

Robert W. Baird upgraded Piedmont Office Realty Trust Inc. (NYSE: PDM) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral.

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