Revenue Update on Piedmont Office Realty Trust(NYSE:PDM)

Piedmont Office Realty Trust(NYSE:PDM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $135.31M. Analysts estimated a revenue of $138.87M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.40.

Piedmont Office Realty Trust (PDM) made into the market gainers list on Fridays trading session with the shares advancing 0.42% or 0.09 points. Due to strong positive momentum, the stock ended at $21.48, which is also near the day’s high of $21.72. The stock began the session at $21.41 and the volume stood at 3,08,855 shares. The 52-week high of the shares is $22 and the 52 week low is $16.535. The company has a current market capitalization of $3,120 M and it has 14,52,29,640 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 11, 2015, Laura P Moon (SVP- CAO) sold 11,000 shares at $18.75 per share price.Also, On Sep 2, 2015, Donald A Miller (CEO) purchased 7,500 shares at $16.72 per share price.On Aug 26, 2015, Jeffrey L. Swope (director) purchased 5,800 shares at $17.25 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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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