Piedmont Office Realty Trust Inc. (NYSE:PDM) went down by -0.66% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the REIT – Office giant went up by $16.53 to trade ended Tuesday trading at $16.64. This is down from the $16.64 price recorded on Monday’s trading session. Its performance from the start of the year has also been negative, with PDM down by -25.67% year-to-date.
Piedmont Office Realty Trust Inc. (PDM) started the day trading at $16.95 and recorded an intraday high of $16.98. It also recorded an intraday low of $16.37 during Tuesday’s trading session. Piedmont Office Realty Trust Inc. is a very active stock that recorded a trading volume that is less than -31.29% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 754923, which is less than -31.29 of the total average daily trading volume of 991.11K.
Piedmont Office Realty Trust Inc. (NYSE:PDM) 2020 Performance Impressive
The increase in PDM’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of PDM currently stands at $24.78, which is higher than the current trading price of the stock by 33.29%. However, PDM’s current trading price is -28.64% lower than the 52-week low price of $12.85. In terms of trading volume, Piedmont Office Realty Trust Inc. currently experienced healthy participation during the last trading session. 754923 shares of Piedmont Office Realty Trust Inc. were traded on the stock exchange on Tuesday, which is less than -31.29% of the 991.11K average trading volume of the stock.
The performance of the stock has been positive over the past year. PDM’s performance over the past one year has seen it plunge by -18.29%, while the stock has gone down by -25.37% in the last six months. The quarterly performance of PDM currently stands at 6.37%, and it is up by 12.76% in the last month. The only negative figure was from the weekly performance, which currently reads -8.06%. At the time of writing PDM’s report, the company has a total market cap of $2.12B, making it one of the largest publicly-traded companies in the world.Piedmont Office Realty Trust Inc. also has over 134 employees all over the world.
PDM Insider Activities
The insider transactions over the past six months are up by 18.00%.For Piedmont Office Realty Trust Inc. insiders bought 191,983 shares in 25 transactions. In that same period, insiders sold 111,131 of their shares in 55 transactions. After these transactions, insiders at Piedmont Office Realty Trust Inc. now hold 1.35M shares, which is over 101.58% of the total company stocks. Institutional investors currently hold a large chunk of the PDM shares, as they control 1.07% of the company’s total stock.
PDM Fundamental Analysis
For Piedmont Office Realty Trust Inc., the stock’s diluted earnings per share (EPS) stands at 1.49. In the coming year, analysts expect the EPS to be 0.37. The EPS growth will up over the next five years to 4.00% after surging by 47.60% in the previous five years. In terms of revenue, Piedmont Office Realty Trust Inc.’s quarterly sales (YOY) is growing at 0.10, which is lower than the average annual revenue of 47.60% over the past half a decade.
The Return on Investment (ROI) on Piedmont Office Realty Trust Inc.’s stock currently stands at 2.80%, and it has a net profit margin of 34.90%. The operating margin of the company is 16.50%, and its gross margin is 60.40%.
PDM Analysts Prediction
and Stifel reiterate their Sell position on the stock ($18 and $15).
Analysts at Robert W. Baird believe that PDM is Outperform, and they have a price target of between $23 and $24. PDM received a positive rating from Stifel, which set a price target of $18-$20.50 for the stock.
At the moment, Piedmont Office Realty Trust Inc.’s Total Debt to Equity ratio stands at 1.08, and they have a long-term Debt to Equity ratio of 1.08.
PDM Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of PDM currently stands at -5.77%, while the SMA50 is -0.94%. The biggest one is the SMA200, which is currently reading -17.73% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 46.88, while its price to earnings ratio (P/E) is 11.11.