NYSE:PDM - Piedmont Office Realty Trust Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Buy
Consensus Price Target: $19.00
Forecasted Upside: 2.70 %
Number of Analysts: 1
Breakdown:
0 Sell Ratings
0 Hold Ratings
1 Buy Ratings
0 Strong Buy Ratings

^$18.50 As of 05/7/2021 01:00 AM ET

▼ -0.05 (-0.27%)

1 month | 3 months | 12 months

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Analyst Price Target for PDM

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

^$19.00

▲ +2.70% Upside Potential

This price target is based on 1 analysts offering 12 month price targets for Piedmont Office Realty Trust in the last 3 months. The average price target is $19.00, with a high forecast of $19.00 and a low forecast of $19.00. The average price target represents a 2.70% upside from the last price of $18.50.

Buy

The current consensus among 1 investment analysts is to buy stock in Piedmont Office Realty Trust. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
2 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

11/15/2019

0 strong buy ratings
2 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

2/13/2020

0 strong buy ratings
2 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

5/13/2020

0 strong buy ratings
2 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

8/11/2020

0 strong buy ratings
2 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

11/9/2020

0 strong buy ratings
2 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

2/7/2021

0 strong buy ratings
2 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

4/8/2021

0 strong buy ratings
1 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

5/8/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
5/18/2020	SunTrust Banks	Lower Price Target	Buy	$21.00 ➝ $19.00	High	i
5/6/2020	Robert W. Baird	Boost Price Target	Outperform	$18.00 ➝ $22.00	Low	i
4/3/2020	Stifel Nicolaus	Lower Price Target	Hold	$24.00 ➝ $18.00	Low	i
1/6/2020	Robert W. Baird	Upgrade	Neutral ➝ Outperform	$26.00	High	i Rating by Dave Rodgers at Robert W. Baird
11/29/2019	SunTrust Banks	Boost Price Target	Buy	$23.00 ➝ $24.00	Low	i
8/21/2019	Robert W. Baird	Set Price Target	Hold	$25.00	N/A	i Rating by Dave Rodgers at Robert W. Baird
7/23/2019	DA Davidson	Downgrade	Buy ➝ Neutral		Low	i Rating by B. Oxford at DA Davidson
2/7/2019	Stifel Nicolaus	Upgrade	Sell ➝ Hold	$16.00 ➝ $20.00	High	i
1/8/2019	Robert W. Baird	Downgrade	Outperform ➝ Neutral		Low	i
11/30/2018	SunTrust Banks	Upgrade	Hold ➝ Buy		High	i
6/29/2018	DA Davidson	Upgrade	Neutral ➝ Buy	$20.00 ➝ $23.00	Low	i Rating by B. Oxford at DA Davidson
3/13/2018	Stifel Nicolaus	Downgrade	Hold ➝ Sell		Low	i
3/6/2018	SunTrust Banks	Set Price Target	Hold	$20.00	Low	i Rating by Ki Bin Kim at SunTrust Banks, Inc.
2/9/2018	Stifel Nicolaus	Reiterated Rating	Neutral ➝ Hold		Low	i
2/8/2018	Robert W. Baird	Set Price Target	Outperform ➝ Buy	$21.00 ➝ $22.00	Low	i Rating by Dave Rodgers at Robert W. Baird
1/22/2018	SunTrust Banks	Set Price Target	Hold	$21.00	Low	i Rating by Ki Bin Kim at SunTrust Banks, Inc.
11/3/2017	Stifel Nicolaus	Reiterated Rating	Hold	$20.00	N/A	i
9/21/2017	Stifel Nicolaus	Reiterated Rating	Hold	$21.00	Low	i
8/28/2017	Robert W. Baird	Upgrade	Neutral ➝ Outperform	$23.00 ➝ $24.00	Low	i
1/23/2017	Stifel Nicolaus	Upgrade	Sell ➝ Hold	$18.00 ➝ $20.50	N/A	i
8/8/2016	DA Davidson	Boost Price Target	Neutral	$22.00 ➝ $23.00	N/A	i Rating by Barry Oxford at DA Davidson
5/10/2016	Stifel Nicolaus	Boost Price Target	Sell	$16.50 ➝ $18.00	N/A	i

(Data available from 5/8/2016 forward)

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. 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 S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.

Today's Range

Now: $18.50

$18.38

$18.64

50 Day Range

MA: $17.95

$17.08

$18.71

52 Week Range

Now: $18.50

$11.26

$19.99

Volume

421,508 shs

Average Volume

733,735 shs

Market Capitalization

$2.29 billion

P/E Ratio

6.27

Dividend Yield

4.53%

Beta

1.01

Frequently Asked Questions

What sell-side analysts currently cover shares of Piedmont Office Realty Trust?

The following sell-side analysts have issued research reports on Piedmont Office Realty Trust in the last twelve months: SunTrust Banks, Inc., TheStreet, and Zacks Investment Research.
View the latest analyst ratings for PDM.

What is the current price target for Piedmont Office Realty Trust?

1 Wall Street analysts have set twelve-month price targets for Piedmont Office Realty Trust in the last year. Their average twelve-month price target is $19.00, suggesting a possible upside of 2.7%. SunTrust Banks, Inc. has the highest price target set, predicting PDM will reach $19.00 in the next twelve months. SunTrust Banks, Inc. has the lowest price target set, forecasting a price of $19.00 for Piedmont Office Realty Trust in the next year.
View the latest price targets for PDM.

What is the current consensus analyst rating for Piedmont Office Realty Trust?

Piedmont Office Realty Trust currently has 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe PDM will outperform the market and that investors should add to their positions of Piedmont Office Realty Trust.
View the latest ratings for PDM.

What other companies compete with Piedmont Office Realty Trust?

Other companies that are similar to Piedmont Office Realty Trust include Digital Realty Trust, Alexandria Real Estate Equities, Boston Properties, CyrusOne, Kilroy Realty, Douglas Emmett, SL Green Realty, CoreSite Realty, Highwoods Properties, Hudson Pacific Properties, Equity Commonwealth, Corporate Office Properties Trust, Brandywine Realty Trust, Mack-Cali Realty and Franklin Street Properties.

How do I contact Piedmont Office Realty Trust's investor relations team?

Piedmont Office Realty Trust's physical mailing address is 5565 GLENRIDGE CONNECTOR STE 450, ATLANTA GA, 30342. The real estate investment trust's listed phone number is 770-418-8800 and its investor relations email address is [email protected] The official website for Piedmont Office Realty Trust is www.piedmontreit.com.