Piedmont Office Realty Trust Inc. (NYSE:PDM) went down by -0.81% from its latest closing price compared to the recent 1-year high of $19.35. The company’s stock price has collected 2.72% of gains in the last five trading sessions.
Is It Worth Investing in Piedmont Office Realty Trust Inc. (NYSE :PDM) Right Now?
Piedmont Office Realty Trust Inc. (NYSE:PDM) scored a price-to-earnings ratio above its average ratio, recording 30.72 x from its present earnings ratio. Plus, the 36-month beta value for PDM is at 0.96. Opinions of the stock are interesting as 1 analysts out of 3 who provided ratings for Piedmont Office Realty Trust Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $13.67, which is $3.84 above the current price. PDM currently public float of 122.26M and currently shorts hold a 1.85% ratio of that float. Today, the average trading volume of PDM was 1.21M shares.
PDM’s Market Performance
PDM stocks went up by 2.72% for the week, with a monthly jump of 10.70% and a quarterly performance of -1.90%, while its annual performance rate touched -48.67%. The volatility ratio for the week stands at 3.03% while the volatility levels for the past 30 days are set at 2.82% for Piedmont Office Realty Trust Inc. The simple moving average for the period of the last 20 days is 5.29% for PDM stocks with a simple moving average of -20.22% for the last 200 days.
Analysts’ Opinion of PDM
Many brokerage firms have already submitted their reports for PDM stocks, with Robert W. Baird repeating the rating for PDM by listing it as a “Outperform.” The predicted price for PDM in the upcoming period, according to Robert W. Baird is $26 based on the research report published on January 07th of the previous year 2020.
PDM Trading at 1.47% from the 50-Day Moving Average
After a stumble in the market that brought PDM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.20% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares surge +11.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.38% lower at present.
During the last 5 trading sessions, PDM rose by +2.72%, which changed the moving average for the period of 200-days by -43.31% in comparison to the 20-day moving average, which settled at $9.39. In addition, Piedmont Office Realty Trust Inc. saw 7.20% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at PDM starting from Lang Barbara B, who purchase 325 shares at the price of $10.24 back on Sep 30. After this action, Lang Barbara B now owns 25,331 shares of Piedmont Office Realty Trust Inc., valued at $3,328 using the latest closing price.
MCDOWELL FRANK C, the Director of Piedmont Office Realty Trust Inc., purchase 5,000 shares at $11.82 during a trade that took place back on Aug 31, which means that MCDOWELL FRANK C is holding 70,713 shares at $59,100 based on the most recent closing price.
Stock Fundamentals for PDM
Equity return is now at value 2.20, with 1.00 for asset returns.