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Piedmont Office Realty Trust, Inc. (NYSE:PDM) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Piedmont Office Realty Trust, Inc. (NYSE:PDM) to Hold in a statement released on 07/08/2017.

On Wednesday July 05, 2017, Zacks Investment Research released a statement for Piedmont Office Realty Trust, Inc. (NYSE:PDM) bumped up the target price from $0.00 to $24.00 that suggested an upside of 0.12%.

Boasting a price of $20.65, Piedmont Office Realty Trust, Inc. (NYSE:PDM) traded -0.55% lower on the day. With the last stock price close down -6.70% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Piedmont Office Realty Trust, Inc. has recorded a 50-day average of $20.77 and a two hundred day average of $21.50. Volume of trade was down over the average, with 548,566 shares of PDM changing hands under the typical 675,105

Recent Performance Chart

Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Piedmont Office Realty Trust, Inc. has P/E ratio of 52.10 with a 52 week low of $18.61 and a 52 week high of $23.08 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokers have issued a research note on the company. The average stock price target is $20.20 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly one equity analyst rating the company a sell.

Brief Synopsis About Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Piedmont Office Realty Trust, Inc. is an integrated self-managed real estate investment trust (REIT). The Company's business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture. Its properties are located in areas, including New York, Chicago, Atlanta, Dallas, Boston, Minneapolis and Orlando. Its tenant base includes industries, such as business services, depository institutions, educational services, real estate, legal services and insurance carriers. The Company conducts business primarily through Piedmont Operating Partnership, L.P. (Piedmont OP). It performs the management of its buildings through its subsidiaries, including Piedmont Government Services, LLC and Piedmont Office Management, LLC.

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