Piedmont Office Realty Trust Inc (NYSE: PDM) is -20.11% lower on its value in year-to-date trading and has touched a low of $5.75 and a high of $11.11 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 $7.96 in the last trading session, with the day’s loss setting it -0.65%.
Currently trading at $7.31, the stock is -13.59% and -16.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing -8.17% at the moment leaves the stock -15.80% off its SMA200. PDM registered 20.34% gain for a year compared to 6-month gain of -16.45%. The firm has a 50-day simple moving average (SMA 50) of $8.7662 and a 200-day simple moving average (SMA200) of $8.73345.
The stock witnessed a -17.31% loss in the last 1 month and extending the period to 3 months gives it a -26.09%, and is -13.18% 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 4.00% over the week and 2.96% over the month.
Piedmont Office Realty Trust Inc (PDM) has around 150 employees, a market worth around $907.05M and $570.32M in sales. Profit margin for the company is -13.86%. Distance from 52-week low is 27.20% and -34.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.20%).
with sales reaching $139.53M over the same period.The EPS is expected to grow by 78.84% this year, but quarterly earnings will post -0.74% year-over-year. Quarterly sales are estimated to shrink -3.46% in year-over-year returns.
Piedmont Office Realty Trust Inc (PDM) Top Institutional Holders
367.0 institutions hold shares in Piedmont Office Realty Trust Inc (PDM), with institutional investors hold 93.97% of the company’s shares. The shares outstanding are 124.08M, and float is at 122.10M with Short Float at 2.03%. Institutions hold 92.57% 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.
Piedmont Office Realty Trust Inc (PDM) Insider Activity
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