Piedmont Office Realty Trust Inc (NYSE: PDM) is -8.44% lower on its value in year-to-date trading and has touched a low of $4.91 and a high of $8.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PDM stock was last observed hovering at around $6.69 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $6.51, the stock is 0.16% and -0.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing -2.69% at the moment leaves the stock -0.77% off its SMA200. PDM registered -10.58% loss for a year compared to 6-month gain of 27.40%. The firm has a 50-day simple moving average (SMA 50) of $4.95 and a 200-day simple moving average (SMA200) of $9.89.
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The stock witnessed a 5.34% loss in the last 1 month and extending the period to 3 months gives it a -7.13%, and is -4.26% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.98% over the week and 3.24% over the month.
Piedmont Office Realty Trust Inc (PDM) has around 150 employees, a market worth around $805.94M and $604.04M in sales. Profit margin for the company is -8.01%. Distance from 52-week low is 32.59% and -19.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.40%).
Piedmont Office Realty Trust Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $144.4M over the same period., but quarterly earnings will post -1.90% year-over-year. Quarterly sales are estimated to grow 1.40% in year-over-year returns.
340 institutions hold shares in Piedmont Office Realty Trust Inc (PDM), with institutional investors hold 88.93% of the company’s shares. The shares outstanding are 123.72M, and float is at 121.90M with Short Float at 2.15%. Institutions hold 87.78% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 18.96 million shares valued at $137.81 million. The investor’s holdings represent 15.32% of the PDM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 15.99 million shares valued at $116.24 million to account for 12.93% of the shares outstanding. The other top investors are State Street Corporation which holds 6.19 million shares representing 5.01% and valued at over $45.01 million, while Lsv Asset Management holds 3.69% of the shares totaling 4.56 million with a market value of $33.15 million.
