Piedmont Office Realty Trust Inc (NYSE: PDM) has experienced a decline in its stock price by -0.58 compared to its previous closing price of 10.27. However, the company has seen a gain of 2.72% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-25 that Piedmont Office Realty Trust, Inc. (NYSE:PDM ) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Laura Moon – Senior Vice President and Chief Accounting Officer Brent Smith – President and Chief Executive Officer George Wells – Executive Vice President and Chief Operating Officer Christopher Kollme – Executive Vice President, Investments Robert Bowers – Executive Vice President and Chief Financial and Administrative Officer Sherry Rexroad – Executive Vice President Finance Conference Call Participants Anthony Paolone – JPMorgan Michael Lewis – Truist Securities Nick Thillman – Baird Dylan Burzinski – Green Street Operator Greetings. Welcome to the Piedmont Office Realty Trust Incorporated Third Quarter 2024 Earnings Call.
Is It Worth Investing in Piedmont Office Realty Trust Inc (NYSE: PDM) Right Now?
Additionally, the 36-month beta value for PDM is 1.20. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PDM is 122.19M and currently, short sellers hold a 2.37% ratio of that float. The average trading volume of PDM on November 08, 2024 was 750.77K shares.
PDM’s Market Performance
The stock of Piedmont Office Realty Trust Inc (PDM) has seen a 2.72% increase in the past week, with a 3.34% rise in the past month, and a 17.09% gain in the past quarter. The volatility ratio for the week is 3.21%, and the volatility levels for the past 30 days are at 2.86% for PDM. The simple moving average for the last 20 days is -1.64% for PDM’s stock, with a simple moving average of 28.58% 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 1.75% 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 -8.14% of loss for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares surge +3.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.83% upper 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 +40.63% in comparison to the 20-day moving average, which settled at $10.38. In addition, Piedmont Office Realty Trust Inc saw 43.60% 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:
- 0.03 for the present operating margin
- 0.41 for the gross margin
The net margin for Piedmont Office Realty Trust Inc stands at -0.13. The total capital return value is set at 0.0. Equity return is now at value -4.54, with -1.88 for asset returns.
Based on Piedmont Office Realty Trust Inc (PDM), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.52. The interest coverage ratio of the stock is 0.15.
Currently, EBITDA for the company is 414.38 million with net debt to EBITDA at 6.24. When we switch over and look at the enterprise to sales, we see a ratio of 5.61. The receivables turnover for the company is 3.04for trailing twelve months and the total asset turnover is 0.14.
Conclusion
In conclusion, Piedmont Office Realty Trust Inc (PDM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
