As of Thursday close, Piedmont Office Realty Trust Inc.’s (NYSE:PDM) stock was down -$0.34, moving down -5.51 percent to $5.83. The average number of shares traded per day over the past five days has been 1,356,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.57 fall in that time frame. In the last twenty days, the average volume was 1,173,555, while in the previous 50 days, it was 1,311,818.
Since last month, PDM stock retreated -9.19%. Shares of the company fell to $5.82 on 09/21/23, the lowest level in the past month. A 52-week high of $12.13 was reached on 02/09/23 after having rallying from a 52-week low of $5.99. Since the beginning of this year, PDM’s stock price has dropped by -36.42% or -$3.34, and marked a new high 12 times. However, the stock has declined by -51.94% since its 52-week high.
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PDM stock investors should be aware that Piedmont Office Realty Trust Inc. (PDM) stock had its last reported insider trading activity 186 days ago on Mar 20. Swope Jeffrey L., the Director of the company, purchased of 70,000 shares for $7.16 on Mar 20. It resulted in a $501,473 investment by the insider. BARRETT KELLY HEFNER added 10,000 shares at an average price of $7.05 on Mar 20. The insider now owns 45,762 shares following the transaction. On Mar 20, Director Taysom Dale H. bought 2,000 shares at $6.99 apiece. The transaction was valued at $13,975.
Valuation Metrics
Right now, Piedmont Office Realty Trust Inc. (PDM) has a P/E ratio of about 9.53. The stock’s beta is 1.03. Besides these, the trailing price-to-sales (P/S) ratio of 1.26, the price-to-book (PB) ratio of 0.40.
The latest dividend of $0.1250 per share was paid out, which is -40.48% less than last year’s $0.21. On Wednesday July 26 2023, a $0.0850 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.14, and the total debt-to-equity ratio was 1.14. On the profitability front, the trailing twelve-month gross margin is 59.30% percent. In the year ended June 29, operating margins totaled 9.30%. Based on annual data, PDM earned $58.05 million in gross profit and brought in $563.77 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.50%. Return on equity (ROE) for the past 12 months was 4.20%.
In Piedmont Office Realty Trust Inc.’s quarter-end financial report for June 29, it reported total debt of $197.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PDM’s revenue rose 4.72% to $142.37 million during the quarter, while net income inched up to $143.07 million. While analysts expected Piedmont Office Realty Trust Inc. to report $0 quarterly earnings, the actual figure was -$0.02 per share. During the quarter, the company generated $76.86 million in EBITDA. The value of shareholders’ equity is $123.7 million.
Technical Picture
This quick technical analysis looks at Piedmont Office Realty Trust Inc.’s (PDM) price momentum. With a historical volatility rate of 44.83%, the RSI 9-day stood at 25.37% on 21 September.
With respect to its five-day moving average, the current Piedmont Office Realty Trust Inc. price is down by -8.91% percent or -$0.57. At present, PDM shares trade -11.40% below its 20-day simple moving average and -10.45% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.29% below its SMA50 and -42.39% below its SMA200.
Stochastic coefficient K was 2.82% and Stochastic coefficient D was 4.48%, while ATR was 0.23. Given the Stochastic reading of 0.79% for the 14-day period, the RSI (14) reading has been calculated as 30.83%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at -0.42.
Analyst Ratings
Robert W. Baird upgraded its rating on Piedmont Office Realty Trust Inc. (NYSE: PDM) to an Outperform in a note to investors on January 07, 2020. The analysts firm previously had a Neutral rating on the stock.Piedmont Office Realty Trust Inc. (PDM) has been rated Overweight by analysts. According to 0 brokerage firms, PDM is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Piedmont Office Realty Trust Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $8.50 – $13.00. Based on these forecasts, analysts predict Piedmont Office Realty Trust Inc. (PDM) will achieve an average price target of $10.17.
