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1 Comment
Piedmont Office Realty Trust, Inc is currently in a long term uptrend where the price is trading 11.8% above its 200 day moving average.
From a valuation standpoint, the stock is 57.6% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 4.2.
Piedmont Office Realty Trust, Inc's total revenue sank by 2.0% to $132M since the same quarter in the previous year.
Its net income has dropped by 86.1% to $23M since the same quarter in the previous year.
Finally, its free cash flow fell by 20.5% to $2M since the same quarter in the previous year.
Based on the above factors, Piedmont Office Realty Trust, Inc gets an overall score of 2/5.
Exchange | NYSE |
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CurrencyCode | USD |
ISIN | US7201902068 |
Sector | Real Estate |
Industry | REIT - Office |
Market Cap | 842M |
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Beta | 1.19 |
Dividend Yield | 7.5% |
PE Ratio | None |
Target Price | 9.3333 |
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. The Company was designated an Energy Star Partner of the Year for 2021, 2022 and 2023, and it was the only office REIT headquartered in the Southeast to receive those designations. Approximately 85% of the Company's square footage is Energy Star certified and nearly 70% is LEED certified. Piedmont is headquartered in Atlanta, GA.
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