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PDM Stock Chart & Stats
$9.90
$0.05(0.51%)
At close: 4:00 PM EDT
$9.90
$0.05(0.51%)
Day’s Range― - ―
52-Week Range$6.32 - $10.13
Previous CloseN/A
Volume8.42K
Average Volume (3M)1.83M
Market Cap
$1.14B
Enterprise Value$3.38B
Total Cash (Recent Filing)$16.79M
Total Debt (Recent Filing)$2.27B
Price to Earnings (P/E)―
Beta0.78
Next Earnings
Oct 26, 2026EPS Estimate
-0.06Next Dividend Ex-DateN/A
Dividend Yield7.07%
Share Statistics
EPS (TTM)-0.65
Shares Outstanding125,132,830
10 Day Avg. Volume1,266,163
30 Day Avg. Volume1,827,117
Financial Highlights & Ratios
PEG Ratio-2.66
Price to Book (P/B)0.69
Price to Sales (P/S)1.84
P/FCF Ratio-62.23
Enterprise Value/Market Cap2.97
Enterprise Value/Revenue5.93
Enterprise Value/Gross Profit31.50
Enterprise Value/Ebitda12.02
Forecast
1Y Price Target
$11.00Price Target Upside11.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.24
Revenue Forecast (FY)$583.30M
Bulls Say, Bears Say
Bulls Say
Leasing Momentum And Rent GrowthStrong leasing volume, double-digit rent increases, and a sizable executed pipeline provide visible support for occupancy, same-store NOI, and future cash earnings. These gains indicate improving pricing power and create a durable revenue bridge as signed leases commence over the coming quarters.
Improved Cash GenerationPositive operating and free cash flow give Piedmont internal funding capacity for leasing investment, debt service, and property operations. Operating cash flow exceeding near-term earnings also supports the quality of reported cash generation, although real estate capital spending can make results uneven.
Refinancing And LiquidityExtending maturities and maintaining substantial revolver availability reduce near-term refinancing pressure and provide flexibility to fund operations and leasing commitments. The tighter loan spread and stated plan to lower leverage further strengthen financial resilience as occupancy and cash flow improve.
Bears Say
Declining Revenue And Persistent LossesSharp top-line contraction combined with recurring net losses indicates that portfolio-level operating strength has not yet translated into sustainable company-wide profitability. Continued earnings pressure can limit retained cash, weaken returns on equity, and make funding growth or restoring shareholder distributions more difficult.
Leverage Remains ElevatedAlthough maturities and liquidity have improved, elevated net debt relative to EBITDA leaves Piedmont dependent on leasing conversion, operating improvement, and asset-sale proceeds to reach its leverage targets. Until that occurs, interest obligations can constrain capital allocation and reduce flexibility during office-market weakness.
Office-sector And Transaction-market CautionPersistent skepticism toward office properties can make leasing, asset sales, and acquisitions more difficult even when individual buildings perform well. Limited institutional demand may slow portfolio recycling and reduce strategic flexibility, leaving capital tied to existing assets while the company works through occupancy and cash-flow improvement.
Piedmont Office News
PDM FAQ
What was Piedmont Office’s price range in the past 12 months?
Piedmont Office lowest stock price was $6.32 and its highest was $10.13 in the past 12 months.
What is Piedmont Office’s market cap?
Piedmont Office’s market cap is $1.14B.
When is Piedmont Office’s upcoming earnings report date?
Piedmont Office’s upcoming earnings report date is Oct 26, 2026 which is in 7 days.
How were Piedmont Office’s earnings last quarter?
Piedmont Office released its earnings results on Jul 28, 2026. The company reported -$0.09 earnings per share for the quarter, missing the consensus estimate of -$0.06 by -$0.03.
Is Piedmont Office overvalued?
According to Wall Street analysts Piedmont Office’s price is currently Undervalued.
Does Piedmont Office pay dividends?
Piedmont Office pays a Quarterly dividend of $0.125 which represents an annual dividend yield of 7.07%. See more information on Piedmont Office dividends here
What is Piedmont Office’s EPS estimate?
Piedmont Office’s EPS estimate is -0.06.
How many shares outstanding does Piedmont Office have?
Piedmont Office has 125,132,830 shares outstanding.
What happened to Piedmont Office’s price movement after its last earnings report?
Piedmont Office reported an EPS of -$0.09 in its last earnings report, missing expectations of -$0.06. Following the earnings report the stock price went up 3.015%.
Which hedge fund is a major shareholder of Piedmont Office?
Currently, no hedge funds are holding shares in PDM
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Piedmont Office Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$11.00 (11.11% Upside)
$11.00 (11.11% Upside)
Blogger Sentiment
Bullish
PDM Sentiment 83%
Sector Average 62%
Sector Average 62%
Hedge Fund Trend
Increased
By 1.9M Shares
Last Quarter.
Last Quarter.
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
11.53%
12-Months-Change
Fundamentals
Return on Equity
-5.39%
Trailing 12-Months
Asset Growth
1.70%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Piedmont Office
Piedmont Office Realty Trust, Inc. (PDM), traded on the NYSE, is a real estate investment trust that acquires, manages, develops, and operates premium, Class A office properties. These assets are strategically situated in key sub-markets across seven major Eastern U.S. office markets, with the Sunbelt region contributing the majority of its revenue. The company's geographically diversified portfolio encompasses approximately 17 million square feet, valued at roughly $5 billion. As a self-managed and fully integrated REIT, Piedmont maintains local management teams within each of its operational markets and holds investment-grade credit ratings from S&P Global Ratings (BBB) and Moody's (Baa2). Demonstrating its commitment to sustainability, by the close of the third quarter, approximately 63% of its portfolio was ENERGY STAR certified, and around 41% had achieved LEED certification.
PDM Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a strong operational quarter with accelerating leasing momentum, meaningful rent growth, record net effective rents, improved same-store NOI, and proactive balance sheet actions. Management raised full-year guidance and outlined clear leverage targets while highlighting a sizable $39M of lease revenue yet to commence that will bolster earnings. Notable risks included sector-wide skepticism, a delayed large NYC lease, continued lumpy capex impacting short-term free cash flow, and a still-cautious transaction market. Overall, the positive operating and financial developments materially outweigh the challenges discussed.View all PDM earnings summariesPDM Stock 12 Month Forecast
Average Price Target
$11.00
▲(11.11% Upside)
Technical Analysis
Cousins Properties
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Douglas Emmett
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Highwoods Properties
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Hudson Pacific Properties
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Brandywine Realty
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Ownership Overview
1.29% Insiders
30.11% Mutual Funds
0.41% Other Institutional Investors
43.61% Public Companies and
Individual Investors