Piedmont Office Realty Trust Inc. (NYSE:PDM) Relative Strength Index (RSI) is 48.95, with weekly volatility at 2.02% and ATR at 0.36. The PDM stock’s 52-week price range has touched low of $11.26 and a $19.99 high. Intraday shares traded counted 0.33 million, which was 55.57% higher than its 30-day average trading volume of 743.92K. Its shares traded higher over the last trading session, gaining 0.61% on 05/14/21. The shares fell to a low of $17.96 before closing at $18.07. PDM’s previous close was $17.96 while the outstanding shares total 123.95M. The firm has a beta of 1.02, a 12-month trailing P/E ratio of 9.78, and a growth ratio of 2.45.
Investors have identified the REIT – Office company Piedmont Office Realty Trust Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.23 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Having a look at the company’s valuation, the company is expected to record 1.97 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PDM sounds very interesting.
Is the stock of PDM attractive?
In related news, Director, Swope Jeffrey L. bought 20,000 shares of the company’s stock in a transaction that recorded on Nov 02. The purchase was performed at an average price of 11.60, for a total value of 232,000. As the purchase deal closes, the President & Chief Exec. Off, Smith Christopher Brent now bought 4,450 shares of the company’s stock, valued at 50,774. Also, EVP- RE Ops, Wells George M. bought 2,000 shares of the company’s stock in a deal that was recorded on Nov 02. The shares were cost at an average price of 11.43 per share, with a total market value of 22,860. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.80%.
1 out of 3 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Piedmont Office Realty Trust Inc.. 0 analysts has assigned a Sell rating on the PDM stock. The 12-month mean consensus price target for the company’s shares has been set at $20.67.