Piedmont Office Realty Trust (PDM) : Analyst Rating Update

Piedmont Office Realty Trust (PDM) has an average broker rating of 3.33, which is interpreted as a Hold, as rated by 6 equity analysts. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Piedmont Office Realty Trust (PDM) : The consensus price target for Piedmont Office Realty Trust (PDM) is $20.6 for the short term with a standard deviation of $1.52. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $22, however, the pessimist price target for the company is $18.

Piedmont Office Realty Trust (NYSE:PDM): The stock opened at $21.30 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.41 for the day. The stock traded down to $21.25 during the day, due to lack of any buying support eventually closed down at $21.38 with a loss of -0.09% for the day. The stock had closed at $21.40 on the previous day. The total traded volume was 603,239 shares.

Also, Major Brokerage house, DA Davidson maintains its ratings on Piedmont Office Realty Trust (NYSE:PDM). In the latest research report, DA Davidson raises the target price from $20 per share to $22 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 3, 2016. The company shares have rallied 17.39% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $21.72 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $20.49 and the 200 Day Moving Average price is recorded at $19.48.

Piedmont Office Realty Trust, Inc. (Piedmont) is an integrated, self-managed real estate investment trust (REIT) specializing in the acquisition, ownership, management, development, and disposition of primarily Class A office buildings located in the United States office markets. The Company conducts business through Piedmont Operating Partnership, L.P., as well as performing the management of its buildings through two wholly owned subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. The Company owns and operates 74 office properties, one redevelopment asset, and one office building through an unconsolidated joint venture. The Companys office buildings are located primarily in nine United States office markets, including Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Minneapolis, New York and Washington, D.C.

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