Piedmont Office Realty Trust (PDM) Shares are Down -2.83%

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 -3.56% 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 -3.24% relative to the S&P 500. The 4-week change in the price of the stock is -1.16% and the stock has fallen -2.83% in the past 1 week.

Piedmont Office Realty Trust (NYSE:PDM): The stock opened at $21.47 on Friday but the bulls could not build on the opening and the stock topped out at $21.49 for the day. The stock traded down to $21.28 during the day, due to lack of any buying support eventually closed down at $21.32 with a loss of -0.47% for the day. The stock had closed at $21.42 on the previous day. The total traded volume was 375,005 shares.

The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 1.31%. Piedmont Office Realty Trust Inc. is up 3.99% in the last 3-month period. Year-to-Date the stock performance stands at 15.47%.

Piedmont Office Realty Trust (PDM) : 5 Wall Street analysts covering Piedmont Office Realty Trust (PDM) believe that the average level the stock could reach for the short term is $20.8. The maximum price target given is $22 and the minimum target for short term is around $18, hence the standard deviation is calculated at $1.64.


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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