Piedmont Office Realty Trust (PDM) has been under a strong bear grip, hence the stock is down -2.71% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.52% in the past 1 week. The 4-week change in the price of the stock is -2.92% and the stock has fallen -0.14% in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.05% and the fifty day Moving Average is 0.69%. Piedmont Office Realty Trust Inc. is up 7.76% in the last three month period. Year-to-Date the stock performance stands at 16.49%.
Piedmont Office Realty Trust (PDM) : Currently there are 4 street experts covering Piedmont Office Realty Trust (PDM) stock. The most bullish and bearish price target for the stock is $23 and $18 respectively for the short term. The average price target of all the analysts comes to $21.25. The estimated standard deviation from the target is $2.22.
Piedmont Office Realty Trust (NYSE:PDM): On Fridays trading session , Opening price of the stock was $21.53 with an intraday high of $21.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $21.15. However, the stock managed to close at $21.3, a loss of 0.70% for the day. On the previous day, the stock had closed at $21.45. The total traded volume of the day was 404,615 shares.
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.