Piedmont Office Realty Trust, Inc. [PDM] Stock Forecast

“Value ranking, looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria. Benjamin Graham followed. “—YCharts Value Screener. 66 May Value large caps and Graham formula-derived results reflect established value-stock detection-criteria. Of those, 52 met the dogcatcher-ideal of dividends from $1K invested, exceeding single-share-stock-prices.

In this article, I'm going to balance my recently published piece on signs to look out for in a company, with a higher-risk investment that I believe may deliver. Piedmont is a small stake for me - compared to others, very small. However, I believe you may learn from this potential opportunity when it comes to overreactions.

Piedmont Office Realty Trust owns and operates Class-A office properties in the Sunbelt region of the U.S., with greater exposure to the Atlanta and Dallas markets. The company remains my top pick, despite recent weakness.

For investors, getting in early could be a recipe for steady returns as the lithium market booms.

Piedmont Office (PDM) came out with quarterly funds from operations (FFO) of $0.46 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.51 per share a year ago.

Real estate investment trusts have been among the worst 12-month performers as the Fed took interest rates higher and as the banking industry adjusted to difficulties.

Atlanta, April 14, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) announced today that the Company will release its first quarter financial results on Monday, May 1, 2023, after the close of trading on the New York Stock Exchange. A conference call is scheduled for Tuesday, May 2, 2023, at 9:00 a.m. Eastern time and will be broadcast live in listen-only mode on the company's investor relations website at investor.piedmontreit.com. During the conference call, the Company's management team will review first quarter performance, discuss recent events, and conduct a question-and-answer period.

Piedmont Office Realty Trust owns and operates a portfolio of Class-A office properties, located primarily in the Sunbelt operating market. In the face of industry headwinds, the company posted strong leasing results in 2022, further improving their current portfolio metrics.

With market uncertainty weighing on investor sentiment, market participants may want to concentrate on high-potential real estate investment trusts or REITs to buy. Primarily, this financial vehicle attracts buyers due to their typically strong yields.

Piedmont shares have declined 11% in the last two weeks on no news. Piedmont owns a high quality collection of Class A Office buildings, primarily in sunbelt markets like Atlanta, Dallas, and Orlando.

Piedmont Office Realty Trust, Inc. is a US stock , located in Atlanta of Ga and trading under the symbol PDM

2 stock analysts have 2 predictions with a medium analyst target price of $15.5. The lowest prediction is $14 and the highest is $17

Piedmont Office Realty Trust, Inc. stock price is $6.91 today.

Yes, Piedmont Office Realty Trust, Inc. is a publicly traded company.