Piedmont Office Realty Trust, Inc. Plans Quarterly Dividend of $0.13 (NYSE:PDM)

Piedmont Office Realty Trust, Inc. (NYSE:PDMGet Free Report) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Investors of record on Friday, February 21st will be given a dividend of 0.125 per share by the real estate investment trust on Friday, March 14th. This represents a $0.50 dividend on an annualized basis and a yield of 5.87%.

Piedmont Office Realty Trust has decreased its dividend payment by an average of 15.9% per year over the last three years.

Piedmont Office Realty Trust Stock Down 2.5 %

PDM opened at $8.52 on Tuesday. The firm’s 50 day simple moving average is $8.97 and its two-hundred day simple moving average is $9.37. Piedmont Office Realty Trust has a 1-year low of $5.93 and a 1-year high of $11.11. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.36.

Analyst Upgrades and Downgrades

PDM has been the topic of a number of recent research reports. StockNews.com lowered Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 20th. Baird R W cut shares of Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, Robert W. Baird cut Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a report on Thursday, January 16th.

Read Our Latest Stock Report on Piedmont Office Realty Trust

About Piedmont Office Realty Trust

(Get Free Report)

Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.

Recommended Stories

Dividend History for Piedmont Office Realty Trust (NYSE:PDM)

Receive News & Ratings for Piedmont Office Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piedmont Office Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.