Piedmont Office Realty Trust (PDM) Receives Analyst Rating

Piedmont Office Realty Trust (PDM) : Zacks Investment Research ranks Piedmont Office Realty Trust (PDM) as 3, which is a Hold recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3.4, which indicates as a Hold.

Piedmont Office Realty Trust (PDM) : The consensus price target for Piedmont Office Realty Trust (PDM) is $21.25 for the short term with a standard deviation of $2.22. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $23, however, the pessimist price target for the company is $18.


Piedmont Office Realty Trust (NYSE:PDM): The stock opened in the green at $20.99 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $21.02 and a low of $20.74 for the day. The stock did not find buyers even at the lows and closed at $20.74 recording a loss of -1.14%. 581,945 shares exchanged hands during the trading day. The stock had closed at $20.98 in the previous days trading.

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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