PDM has 36-month beta value of 1.19. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for PDM is 121.97M, and currently, short sellers hold a 2.14% ratio of that float. The average trading volume of PDM on August 23, 2024 was 985.90K shares.
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PDM) stock’s latest price update
Piedmont Office Realty Trust Inc (NYSE: PDM)’s stock price has soared by 1.15 in relation to previous closing price of 9.16. Nevertheless, the company has seen a gain of 3.40% in its stock price over the last five trading days. zacks.com reported 2024-08-15 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
PDM’s Market Performance
Piedmont Office Realty Trust Inc (PDM) has experienced a 3.40% rise in stock performance for the past week, with a 10.69% rise in the past month, and a 31.79% rise in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 3.05% for PDM. The simple moving average for the last 20 days is 6.07% for PDM’s stock, with a simple moving average of 31.33% 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 07, 2020 of the previous year 2020.
PDM Trading at 15.20% 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 able to rebound, for now settling with 0.60% of gains for the given period.
Volatility was left at 3.05%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares surge +6.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.81% upper at present.
During the last 5 trading sessions, PDM rose by +3.46%, which changed the moving average for the period of 200-days by +53.48% in comparison to the 20-day moving average, which settled at $8.76. In addition, Piedmont Office Realty Trust Inc saw 30.31% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PDM
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.23 for the gross margin
The net margin for Piedmont Office Realty Trust Inc stands at -0.18. The total capital return value is set at -0.02. Equity return is now at value -4.79, with -2.00 for asset returns.
Based on Piedmont Office Realty Trust Inc (PDM), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.34. The interest coverage ratio of the stock is -51.25.
Currently, EBITDA for the company is 414.38 million with net debt to EBITDA at 10.77. When we switch over and look at the enterprise to sales, we see a ratio of 7.06. The receivables turnover for the company is 2.38for trailing twelve months and the total asset turnover is 0.11.
Conclusion
To put it simply, Piedmont Office Realty Trust Inc (PDM) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
