Piedmont Office Realty Trust Inc (NYSE: PDM) is 33.76% higher on its value in year-to-date trading and has touched a low of $5.78 and a high of $11.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PDM stock was last observed hovering at around $9.40 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $9.51, the stock is -3.88% and -5.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 1.17% at the moment leaves the stock 17.70% off its SMA200. PDM registered 55.14% gain for a year compared to 6-month gain of 35.28%. The firm has a 50-day simple moving average (SMA 50) of $10.0634 and a 200-day simple moving average (SMA200) of $8.064.
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The stock witnessed a -11.20% loss in the last 1 month and extending the period to 3 months gives it a 1.82%, and is -1.25% 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 2.16% over the week and 2.84% over the month.
Piedmont Office Realty Trust Inc (PDM) has around 150 employees, a market worth around $1.18B and $572.42M in sales. Profit margin for the company is -13.47%. Distance from 52-week low is 64.53% and -14.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.12%).
The EPS is expected to shrink by -1.87% this year
355.0 institutions hold shares in Piedmont Office Realty Trust Inc (PDM), with institutional investors hold 93.91% of the company’s shares. The shares outstanding are 123.72M, and float is at 122.19M with Short Float at 3.31%. Institutions hold 92.66% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.31 million shares valued at $140.03 million. The investor’s holdings represent 15.6008 of the PDM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.93 million shares valued at $122.73 million to account for 13.6744 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.52 million shares representing 4.4574 and valued at over $40.01 million, while PRIVATE MANAGEMENT GROUP INC holds 3.7309 of the shares totaling 4.62 million with a market value of $33.49 million.
