Zacks Investment Research downgraded Piedmont Office Realty Trust, Inc. (NYSE:PDM) to Hold in a report released today.
- Updated: October 7, 2016
Zacks Investment Research has downgraded Piedmont Office Realty Trust, Inc. (NYSE:PDM) to Hold in a report released on 10/7/2016.
Previously on 10/06/2016, Zacks Investment Research reported on Piedmont Office Realty Trust, Inc. (NYSE:PDM) increased the target price from $0.00 to $23.00. At the time, this indicated a possible upside of 0.10%.
Just yesterday Piedmont Office Realty Trust, Inc. (NYSE:PDM) traded -0.67% lower at $20.98. Piedmont Office Realty Trust, Inc.’s 50-day moving average is $21.39 and its 200-day moving average is $20.85. The last closing price is up -0.06% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 704,431 shares of PDM traded hands, up from an average trading volume of 593,823
Recent Performance Chart
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 and has a total market value of $0.
A total of 5 equity analysts have released a ratings update on PDM. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $20.20.
Brief Synopsis About 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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