Piedmont Office Realty Trust (PDM) Receives Price Target

Piedmont Office Realty Trust (PDM) : Average target price received by Piedmont Office Realty Trust (PDM) is $21.25 with an expected standard deviation of $2.22. The most aggressive target on the stock is $23, whereas the most downbeat target is $18. 4 financial analysts are currently covering the stock.

Piedmont Office Realty Trust (PDM) has an average broker rating of 3.4, which is interpreted as a Hold, as rated by 5 equity analysts. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Piedmont Office Realty Trust (NYSE:PDM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.65 and $21.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.62, notching a gain of 0.05% for the day. The total traded volume was 518,078 . The stock had closed at $21.61 on the previous day.

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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