PDM:NYE-Piedmont Office Realty Trust Inc (USD)

COMMON STOCK | REIT - Office |

Last Closing

USD 10.04

Change

-0.07 (-0.69)%

Market Cap

USD 1.26B

Volume

0.61M

Analyst Target

USD 20.00
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

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.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2024-09-26 )

Largest Industry Peers for REIT - Office

Symbol Name Price(Change) Market Cap
ARE Alexandria Real Estate Equitie..

-2.67 (-2.15%)

USD 21.74B
VNO-PL Vornado Realty Trust

-0.02 (-0.11%)

USD 10.50B
VNO-PM Vornado Realty Trust

-0.01 (-0.06%)

USD 10.13B
VNO Vornado Realty Trust

N/A

USD 8.18B
SLG-PI SL Green Realty Corp

+0.07 (+0.29%)

USD 7.09B
KRC Kilroy Realty Corp

+0.02 (+0.05%)

USD 4.71B
EQC-PD Equity Commonwealth

+0.03 (+0.12%)

USD 3.75B
CDP COPT Defense Properties

-0.16 (-0.52%)

USD 3.44B
DEI Douglas Emmett Inc

+0.15 (+0.87%)

USD 3.42B
OGCP Empire State Realty OP LP

N/A

USD 3.03B

ETFs Containing PDM

PRFZ Invesco FTSE RAFI US 1500.. 0.25 % 0.39 %

+0.28 (+0.68%)

USD 2.55B

Market Performance

  Market Performance vs. Industry/Classification (REIT - Office) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 41.21% 90% A- 94% A
Dividend Return 5.27% 75% C 82% B
Total Return 46.48% 90% A- 95% A
Trailing 12 Months  
Capital Gain 79.61% 97% N/A 96% N/A
Dividend Return 8.94% 81% B- 90% A-
Total Return 88.55% 97% N/A 96% N/A
Trailing 5 Years  
Capital Gain -51.98% 31% F 9% A-
Dividend Return 18.05% 54% F 64% D
Total Return -33.93% 35% F 11% F
Average Annual (5 Year Horizon)  
Capital Gain -17.09% 13% F 4% F
Dividend Return -11.59% 23% F 5% F
Total Return 5.50% 72% C 84% B
Risk Return Profile  
Volatility (Standard Deviation) 29.07% 40% F 35% F
Risk Adjusted Return -39.87% 23% F 8% B-
Market Capitalization 1.26B 45% F 60% D-

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Dividend Growth

This stock has shown top quartile dividend growth in the previous 5 years compared to its sector

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector