Piedmont Office Realty Trust Inc (PDM) Stock Sees a1.60 Increase

In the past week, PDM stock has gone down by -5.51%, with a monthly decline of -4.81% and a quarterly plunge of -11.87%. The volatility ratio for the week is 4.57%, and the volatility levels for the last 30 days are 3.15% for Piedmont Office Realty Trust Inc The simple moving average for the last 20 days is -3.34% for PDM’s stock, with a simple moving average of 6.14% for the last 200 days.

Is It Worth Investing in Piedmont Office Realty Trust Inc (NYSE: PDM) Right Now?

Moreover, the 36-month beta value for PDM is 1.18. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”

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The public float for PDM is 122.19M and currently, short sellers hold a 2.10% of that float. On December 25, 2024, PDM’s average trading volume was 805.51K shares.

PDM) stock’s latest price update

Piedmont Office Realty Trust Inc (NYSE: PDM) has experienced a rise in its stock price by 1.60 compared to its previous closing price of 8.77. However, the company has seen a fall of -5.51% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-06 that Piedmont Office Realty Trust focuses on high-quality office properties, particularly in the Sun Belt region, showing strong financial performance and asset repositioning success. The Sun Belt region’s demographic growth supports Piedmont’s strategic focus, with significant population increases driving demand for premium office spaces. Piedmont’s financial health is robust, with climbing occupancy rates, conservative leverage, and well-covered dividends, indicating resilience and potential for future growth.

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 -8.61% 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 -19.84% of loss for the given period.

Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 4.57%, as shares sank -5.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.16% lower at present.

During the last 5 trading sessions, PDM fell by -5.51%, which changed the moving average for the period of 200-days by +39.44% in comparison to the 20-day moving average, which settled at $9.22. In addition, Piedmont Office Realty Trust Inc saw 25.32% 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
  • 0.31 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 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.36. The interest coverage ratio of the stock is 0.15.

Currently, EBITDA for the company is 231.06 million with net debt to EBITDA at 6.27. When we switch over and look at the enterprise to sales, we see a ratio of 5.34. The receivables turnover for the company is 3.04for trailing twelve months and the total asset turnover is 0.14.

Conclusion

To wrap up, the performance of Piedmont Office Realty Trust Inc (PDM) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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