Breaking Finance News

Piedmont Office Realty Trust, Inc. (NYSE:PDM) target upped to $23.00, released a research note earlier today by Zacks Investment Research

In a statement issued on 10/06/2016 Zacks Investment Research raised the target price of Piedmont Office Realty Trust, Inc. (NYSE:PDM) to $23.00 indicating a possible upside of 0.10%.

On Monday August 08, 2016, DA Davidson released a statement on Piedmont Office Realty Trust, Inc. (NYSE:PDM) upped the target price from $22.00 to $23.00 that suggested an upside of 0.08%.

Having a price of $20.82, Piedmont Office Realty Trust, Inc. (NYSE:PDM) traded -0.67% lower on the day. With the last close down -0.06% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Piedmont Office Realty Trust, Inc. has recorded a 50-day average of $21.39 and a two hundred day average of $20.85. Volume of trade was up over the average, with 704,431 shares of PDM changing hands over the typical 593,823

Performance Chart

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

With a total market value of $0, Piedmont Office Realty Trust, Inc. has price-earnings ratio of 14.24 with a one year low of $16.93 and a one year high of $22.28 .

A total of 5 brokers have issued a research note on the company. 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 6 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell with a average stock price target of $20.20.

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

Piedmont Office Realty Trust, Inc. (Piedmont) is an integrated self-managed real estate investment trust specializing in the acquisition, ownership, management, development and disposition of primarily Class A office buildings located in the United States office markets. The Company operates through its real estate assets segment. It conducts business through Piedmont Operating Partnership, L.P. (Piedmont OP), as well as performs the management of its buildings through its subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. Piedmont is the sole general partner of, Piedmont OP and as such, possesses legal control and authority over the operations of Piedmont OP. Piedmont owns 99.9% of Piedmont OP. The rest 0.1% ownership interest of Piedmont OP is held indirectly by Piedmont through its subsidiary, Piedmont Office Holdings, Inc. Piedmont OP owns properties directly, through subsidiaries, and through both consolidated and unconsolidated joint ventures.

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