Piedmont Office Realty Trust (NYSE:PDM)‘s stock had its “hold” rating reaffirmed by investment analysts at Stifel Nicolaus in a research note issued to investors on Friday.
A number of other research analysts have also recently commented on PDM. Robert W. Baird set a $22.00 target price on shares of Piedmont Office Realty Trust and gave the stock a “buy” rating in a research report on Thursday. ValuEngine cut shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday. SunTrust Banks set a $21.00 target price on shares of Piedmont Office Realty Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research raised shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $21.50.
Piedmont Office Realty Trust (NYSE:PDM) opened at $18.06 on Friday. Piedmont Office Realty Trust has a 12-month low of $17.47 and a 12-month high of $23.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market cap of $2,487.01, a price-to-earnings ratio of 19.63, a PEG ratio of 2.62 and a beta of 0.55.
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Piedmont Office Realty Trust Company Profile
Piedmont Office Realty Trust, Inc is an integrated self-managed real estate investment trust (REIT). The Company’s business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture.
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