Analysts anticipate Piedmont Workplace Realty Belief, Inc. (NYSE:PDM) to publish $128.28 million in gross sales for the present fiscal quarter, in response to Zacks Investment Research. Two analysts have supplied estimates for Piedmont Workplace Realty Belief’s earnings. The bottom gross sales estimate is $128.01 million and the very best is $128.55 million. Piedmont Workplace Realty Belief posted gross sales of $134.63 million in the identical quarter final 12 months, which suggests a destructive year-over-year progress charge of 4.7%. The agency is predicted to report its subsequent quarterly earnings outcomes on Wednesday, August 4th.
On common, analysts anticipate that Piedmont Workplace Realty Belief will report full-year gross sales of $523.21 million for the present monetary 12 months, with estimates starting from $518.08 million to $528.34 million. For the following monetary 12 months, analysts anticipate that the agency will report gross sales of $553.96 million, with estimates starting from $533.02 million to $574.90 million. Zacks Funding Analysis’s gross sales averages are a imply common based mostly on a survey of analysis corporations that that present protection for Piedmont Workplace Realty Belief.
Piedmont Workplace Realty Belief (NYSE:PDM) final posted its earnings outcomes on Wednesday, April twenty eighth. The true property funding belief reported $0.08 EPS for the quarter, lacking the Zacks’ consensus estimate of $0.47 by ($0.39). Piedmont Workplace Realty Belief had a web margin of 44.26% and a return on fairness of 12.18%. The enterprise had income of $129.30 million throughout the quarter, in comparison with analysts’ expectations of $130.86 million. Throughout the identical quarter within the prior 12 months, the agency earned $0.47 EPS. Piedmont Workplace Realty Belief’s income for the quarter was down 5.8% in comparison with the identical quarter final 12 months.
A number of equities analysis analysts lately issued studies on the corporate. Zacks Investment Research downgraded Piedmont Workplace Realty Belief from a “purchase” ranking to a “maintain” ranking in a report on Saturday, February twentieth. TheStreet upgraded Piedmont Workplace Realty Belief from a “c+” ranking to a “b-” ranking in a report on Monday, March fifteenth.
Hedge funds have lately purchased and offered shares of the inventory. Berman Capital Advisors LLC bought a brand new stake in shares of Piedmont Workplace Realty Belief within the 1st quarter valued at $30,000. Harmony Wealth Companions acquired a brand new place in Piedmont Workplace Realty Belief throughout the 4th quarter price $30,000. Lazard Asset Administration LLC acquired a brand new place in Piedmont Workplace Realty Belief throughout the 1st quarter price $38,000. Wealthcare Advisory Companions LLC acquired a brand new place in Piedmont Workplace Realty Belief throughout the 1st quarter price $46,000. Lastly, Neo Ivy Capital Administration acquired a brand new place in Piedmont Workplace Realty Belief throughout the 4th quarter price $46,000. Hedge funds and different institutional buyers personal 82.00% of the corporate’s inventory.
NYSE:PDM opened at $20.29 on Tuesday. Piedmont Workplace Realty Belief has a 52 week low of $11.26 and a 52 week excessive of $20.35. The corporate has a debt-to-equity ratio of 0.88, a present ratio of three.16 and a fast ratio of three.16. The inventory has a market capitalization of $2.52 billion, a P/E ratio of 10.97 and a beta of 1.04. The corporate has a fifty day easy shifting common of $18.52.
The corporate additionally lately disclosed a quarterly dividend, which can be paid on Friday, June 18th. Buyers of file on Friday, Might twenty eighth can be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, Might twenty seventh. This represents a $0.84 annualized dividend and a dividend yield of 4.14%. Piedmont Workplace Realty Belief’s dividend payout ratio is presently 44.44%.
Piedmont Workplace Realty Belief Firm Profile
Piedmont Workplace Realty Belief, Inc (NYSE: PDM) is an proprietor, supervisor, developer, redeveloper, and operator of high-quality, Class A workplace properties situated primarily in choose sub-markets inside seven main Jap U.S. workplace markets, with nearly all of its income being generated from the Sunbelt.
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