Piedmont Office Realty Trust Inc

Company Profile

Piedmont Office Realty Trust Inc had its IPO on 2010-02-10 under the ticker symbol PDM.

The company operates in the Real Estate sector and REIT-Office industry. Piedmont Office Realty Trust Inc has a staff strength of 149 employees.

Stock update

Shares of Piedmont Office Realty Trust Inc opened at $6.47 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $6.4 - $6.58, and closed at $6.47.

This is a 0% increase from the previous day's closing price.

A total volume of 853,610 shares were traded at the close of the day’s session.

In the last one week, shares of Piedmont Office Realty Trust Inc have slipped by -7.7%.

Piedmont Office Realty Trust Inc's Key Ratios

Piedmont Office Realty Trust Inc has a market cap of $800.31 million, indicating a price to book ratio of 0.6342 and a price to sales ratio of 2.0643.

In the last 12-months Piedmont Office Realty Trust Inc’s revenue was $576.75 million with a gross profit of $337.71 million and an EBITDA of $227.27 million. The EBITDA ratio measures Piedmont Office Realty Trust Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Piedmont Office Realty Trust Inc’s operating margin was 14.22% while its return on assets stood at 1.32% with a return of equity of 4.18%.

In Q2, Piedmont Office Realty Trust Inc’s quarterly earnings growth was a negative -70% while revenue growth was a positive 5%.

Piedmont Office Realty Trust Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

9.3768

PEG

10.18

Its diluted EPS in the last 12-months stands at $0.69 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 10.18. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Piedmont Office Realty Trust Inc’s profitability.

Piedmont Office Realty Trust Inc stock is trading at a EV to sales ratio of 5.9015 and a EV to EBITDA ratio of 10.2896. Its price to sales ratio in the trailing 12-months stood at 2.0643.

Piedmont Office Realty Trust Inc stock pays annual dividends of $0.84 per share, indicating a yield of 7.73% and a payout ratio of 123.77%.

Balance sheet and cash flow metrics

Total Assets

$4.09 billion

Total Liabilities

$89.82 million

Operating Cash Flow

$-43188000.00

Capital Expenditure

$71.65 million

Dividend Payout Ratio

123.77%

Piedmont Office Realty Trust Inc ended 2024 with $4.09 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $4.09 billion while shareholder equity stood at $1.80 billion.

Piedmont Office Realty Trust Inc ended 2024 with $0 in deferred long-term liabilities, $89.82 million in other current liabilities, 1237000.00 in common stock, $-1911188000.00 in retained earnings and $82.94 million in goodwill. Its cash balance stood at $5.17 million and cash and short-term investments were $5.17 million. The company’s total short-term debt was $0 while long-term debt stood at $2.05 billion.

Piedmont Office Realty Trust Inc’s total current assets stands at $190.89 million while long-term investments were $5.69 million and short-term investments were $0. Its net receivables were $185.73 million compared to accounts payable of $107.63 million and inventory worth $0.

In 2024, Piedmont Office Realty Trust Inc's operating cash flow was $-43188000.00 while its capital expenditure stood at $71.65 million.

Comparatively, Piedmont Office Realty Trust Inc paid $1.24 in dividends in 2024.

Other key metrics

Current Trading Price

$6.47

52-Week High

$11.1122

52-Week Low

$5.6813

Analyst Target Price

$11.25

Piedmont Office Realty Trust Inc stock is currently trading at $6.47 per share. It touched a 52-week high of $11.1122 and a 52-week low of $11.1122. Analysts tracking the stock have a 12-month average target price of $11.25.

Its 50-day moving average was $7 and 200-day moving average was $7.54 The short ratio stood at 1.98 indicating a short percent outstanding of 0%.

Around 113.5% of the company’s stock are held by insiders while 9004.7% are held by institutions.