Piedmont Office Realty Trust (PDM) Shares are Down -3.11%

Piedmont Office Realty Trust (PDM) : During the past 4 weeks, traders have been relatively bearish on Piedmont Office Realty Trust (PDM), hence the stock is down -1.76% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.63% relative to the S&P 500. The 4-week change in the price of the stock is -3.75% and the stock has fallen -3.11% in the past 1 week.

The stock has recorded a 20-day Moving Average of 4.18% and the 50-Day Moving Average is 3.89%.The 200 Day SMA reached 4.76% Piedmont Office Realty Trust Inc. is up 0.64% in the last 3-month period. Year-to-Date the stock performance stands at 12.28%.


Piedmont Office Realty Trust (PDM) : 4 investment research analysts covering Piedmont Office Realty Trust (PDM) have an average price target of $21.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $23 and the lowest target is $18 for the short term. Analysts expect the variance to be within $2.22 of the average price.

Company shares have received an average consensus rating of Hold for the current week Piedmont Office Realty Trust (NYSE:PDM): stock was range-bound between the intraday low of $20.53 and the intraday high of $20.69 after having opened at $20.63 on Fridays session. The stock finally closed in the red at $20.63, a loss of -1.01%. The stock remained in the red for the whole trading day. The total traded volume was 1,314,429 shares. The stock failed to cross $20.69 in Fridays trading. The stocks closing price on Thursday was $20.53.

Piedmont Office Realty Trust, Inc. (Piedmont) is an integrated, self-managed real estate investment trust (REIT) specializing in the acquisition, ownership, management, development, and disposition of primarily Class A office buildings located in the United States office markets. The Company conducts business through Piedmont Operating Partnership, L.P., as well as performing the management of its buildings through two wholly owned subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. The Company owns and operates 74 office properties, one redevelopment asset, and one office building through an unconsolidated joint venture. The Companys office buildings are located primarily in nine United States office markets, including Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Minneapolis, New York and Washington, D.C.

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