Piedmont Office Realty Trust (NYSE:PDM) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.33 by 6 Brokerage Firm. 5 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm DA Davidson maintains its rating on Piedmont Office Realty Trust (NYSE:PDM). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at DA Davidson raises the price target from $20 per share to $22 per share. The rating by the firm was issued on May 3, 2016.
Piedmont Office Realty Trust (NYSE:PDM): The mean estimate for the short term price target for Piedmont Office Realty Trust (NYSE:PDM) stands at $20.6 according to 5 Analysts. The higher price target estimate for the stock has been calculated at $22 while the lower price target estimate is at $18.
Piedmont Office Realty Trust (NYSE:PDM) rose 0.24% or 0.05 points on Tuesday and made its way into the gainers of the day. After trading began at $20.64 the stock was seen hitting $20.79 as a peak level and $20.57 as the lowest level. The stock ended up at $20.67. The daily volume was measured at 819,046 shares. The 52-week high of the share price is $20.99 and the 52-week low is $16.535. The company has a market cap of $3,000 million.
Shares of Piedmont Office Realty Trust Inc. rose by 0.1% in the last five trading days and 5.51% for the last 4 weeks. Piedmont Office Realty Trust Inc. is up 4.77% in the last 3-month period. Year-to-Date the stock performance stands at 11.95%.
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.