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Piedmont Office Realty Trust (PDM) Stock Forecast, Price Target & Predictions

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PDM Stock Forecast

Piedmont Office Realty Trust stock forecast is as follows: an average price target of $13.00 (represents a 38.15% upside from PDM’s last price of $9.41) and

PDM Price Target

Piedmont Office Realty Trust Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 08, 2024Michael LewisTruist Financial$12.00$9.9720.30%27.52%
Dec 02, 2022-J.P. Morgan$14.00$10.1138.48%48.78%
Jun 30, 2022-Truist Financial$17.00$13.0430.37%80.66%
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The latest Piedmont Office Realty Trust stock forecast, released on Nov 08, 2024 by Michael Lewis from Truist Financial, set a price target of $12.00, which represents a 20.30% increase from the stock price at the time of the forecast ($9.97), and a 27.52% increase from PDM last price ($9.41).

Piedmont Office Realty Trust Price Target by Period

1M3M12M
# Anlaysts111
Avg Price Target$12.00$12.00$12.00
Last Closing Price$9.41$9.41$9.41
Upside/Downside27.52%27.52%27.52%

In the current month, the average price target of Piedmont Office Realty Trust stock is $12.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 27.52% increase as opposed to Piedmont Office Realty Trust's last price of $9.41. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.

Piedmont Office Realty Trust Financial Forecast

Piedmont Office Realty Trust Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$5.06M$5.13M$142.37M$147.21M$144.10M$136.31M$136.15M$138.16M$131.07M$130.22M$129.26M$131.53M$131.69M$134.63M$137.17M$134.15M$135.42M
Avg Forecast$143.80M$142.68M$141.57M$137.94M$111.14M$110.32M$109.70M$109.11M$128.63M$128.29M$126.29M$127.81M$146.17M$144.13M$143.21M$129.44M$151.33M$137.97M$123.13M$123.08M$135.25M$118.45M$115.67M$130.86M$129.43M$132.16M$141.76M$135.25M$133.01M$126.12M
High Forecast$146.09M$144.95M$143.82M$140.13M$112.91M$112.08M$111.44M$112.97M$132.13M$135.06M$126.29M$127.81M$147.26M$144.54M$145.49M$131.49M$153.74M$137.97M$123.13M$123.08M$135.25M$118.45M$115.67M$130.86M$129.43M$132.16M$141.76M$135.25M$133.01M$126.12M
Low Forecast$141.51M$140.41M$139.32M$135.74M$109.37M$108.56M$107.95M$105.24M$125.12M$121.53M$126.29M$127.81M$145.08M$143.73M$140.93M$127.37M$148.92M$137.97M$123.13M$123.08M$135.25M$118.45M$115.67M$130.86M$129.43M$132.16M$141.76M$135.25M$133.01M$126.12M
# Analysts111111111111221111111111133322
Surprise %-------------0.04%0.04%1.10%0.97%1.04%1.11%1.11%1.02%1.11%1.13%0.99%1.02%1.00%0.95%1.01%1.01%1.07%

Piedmont Office Realty Trust's average Quarter revenue forecast for Dec 23 based on 2 analysts is $146.17M, with a low forecast of $145.08M, and a high forecast of $147.26M. PDM's average Quarter revenue forecast represents a 2791.03% increase compared to the company's last Quarter revenue of $5.06M (Sep 23).

Piedmont Office Realty Trust EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111111221111111111133322
EBITDA-------------$-61.83M$-60.52M$78.54M$79.94M$78.81M$75.59M$76.96M$34.03M$72.94M$71.28M$71.16M$83.35M$70.56M$255.50M$73.38M$222.88M$70.11M
Avg Forecast$77.07M$76.47M$75.87M$73.92M$59.56M$59.12M$58.79M$58.47M$68.94M$68.75M$67.68M$57.40M$78.33M$77.24M$76.75M$52.18M$36.69M$77.63M$73.64M$69.24M$76.09M$66.64M$65.08M$47.44M$72.82M$74.36M$79.76M$89.68M$74.83M$70.96M
High Forecast$78.29M$77.68M$77.08M$75.10M$60.51M$60.06M$59.72M$60.54M$70.81M$72.38M$67.68M$68.88M$78.92M$77.46M$77.97M$62.62M$44.03M$77.63M$88.36M$69.24M$76.09M$66.64M$65.08M$56.93M$72.82M$74.36M$79.76M$107.62M$74.83M$70.96M
Low Forecast$75.84M$75.25M$74.66M$72.74M$58.61M$58.18M$57.85M$56.40M$67.05M$65.13M$67.68M$45.92M$77.75M$77.02M$75.53M$41.75M$29.35M$77.63M$58.91M$69.24M$76.09M$66.64M$65.08M$37.95M$72.82M$74.36M$79.76M$71.74M$74.83M$70.96M
Surprise %--------------0.80%-0.79%1.51%2.18%1.02%1.03%1.11%0.45%1.09%1.10%1.50%1.14%0.95%3.20%0.82%2.98%0.99%

1 analysts predict PDM's average Quarter EBITDA for Jun 23 to be $76.75M, with a high of $77.97M and a low of $75.53M. This is -2.28% lower than Piedmont Office Realty Trust's previous annual EBITDA (Mar 23) of $78.54M.

Piedmont Office Realty Trust Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111111221111111111133322
Net Income-------------$-17.00M$-1.99M$-1.37M$75.57M$865.00K$6.01M$108.50M$-45.67M$11.31M$9.95M$9.34M$22.61M$8.94M$192.43M$8.71M$162.48M$8.42M
Avg Forecast-------$44.64M$-5.48M$-6.30M$-6.01M$7.54M$-2.63M$-4.84M$-284.58K$6.85M$-34.23M$7.64M$7.97M$8.47M$9.67M$9.93M$5.57M$6.23M$5.10M$7.31M$8.96M$10.64M$13.24M$11.69M
High Forecast-------$45.56M$-5.33M$-6.17M$-5.89M$9.04M$-2.57M$-4.74M$-278.68K$8.22M$-27.38M$7.64M$9.56M$8.47M$9.67M$9.93M$5.57M$7.48M$5.10M$7.31M$8.96M$12.77M$13.24M$11.69M
Low Forecast-------$43.40M$-5.59M$-6.43M$-6.13M$6.03M$-2.68M$-4.94M$-290.46K$5.48M$-41.07M$7.64M$6.37M$8.47M$9.67M$9.93M$5.57M$4.98M$5.10M$7.31M$8.96M$8.52M$13.24M$11.69M
Surprise %-------------3.52%6.98%-0.20%-2.21%0.11%0.75%12.81%-4.72%1.14%1.79%1.50%4.44%1.22%21.47%0.82%12.27%0.72%

Piedmont Office Realty Trust's average Quarter net income forecast for Mar 23 is $6.85M, with a range of $5.48M to $8.22M. PDM's average Quarter net income forecast represents a -90.93% decrease compared to the company's last Quarter net income of $75.57M (Dec 22).

Piedmont Office Realty Trust SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111111221111111111133322
SG&A-------------$7.04M$7.28M$7.69M$7.92M$6.59M$7.03M$7.59M$7.83M$6.96M$8.21M$7.25M$7.42M$5.47M$5.94M$60.16M$55.17M$54.59M
Avg Forecast$8.11M$8.04M$7.98M$7.77M$6.26M$6.22M$6.18M$6.15M$7.25M$7.23M$7.12M$5.85M$8.24M$8.12M$8.07M$5.32M$8.45M$7.57M$7.03M$6.75M$7.42M$6.50M$6.35M$4.83M$7.10M$7.25M$7.78M$73.53M$7.30M$6.92M
High Forecast$8.23M$8.17M$8.11M$7.90M$6.36M$6.32M$6.28M$6.37M$7.45M$7.61M$7.12M$7.02M$8.30M$8.15M$8.20M$6.38M$10.14M$7.57M$8.43M$6.75M$7.42M$6.50M$6.35M$5.80M$7.10M$7.25M$7.78M$88.23M$7.30M$6.92M
Low Forecast$7.98M$7.91M$7.85M$7.65M$6.16M$6.12M$6.08M$5.93M$7.05M$6.85M$7.12M$4.68M$8.18M$8.10M$7.94M$4.25M$6.76M$7.57M$5.62M$6.75M$7.42M$6.50M$6.35M$3.87M$7.10M$7.25M$7.78M$58.82M$7.30M$6.92M
Surprise %-------------0.87%0.90%1.45%0.94%0.87%1.00%1.12%1.06%1.07%1.29%1.50%1.04%0.75%0.76%0.82%7.56%7.89%

Piedmont Office Realty Trust's average Quarter SG&A projection for Dec 23 is $8.24M, based on 2 Wall Street analysts, with a range of $8.18M to $8.30M. The forecast indicates a 16.97% rise compared to PDM last annual SG&A of $7.04M (Sep 23).

Piedmont Office Realty Trust EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111111221111111111133322
EPS-------------$-0.14$-0.02$-0.01$0.61$0.01$0.05$0.88$-0.37$0.09$0.08$0.08$0.18$0.07$1.53$0.07$1.29$0.07
Avg Forecast-------$0.36$-0.04$-0.05$-0.05$-0.09$-0.02$-0.04$-0.00$-0.01$0.03$0.06$0.06$0.07$0.08$0.08$0.04$0.06$0.04$0.06$0.07$0.09$0.11$0.09
High Forecast-------$0.37$-0.04$-0.05$-0.05$-0.09$-0.02$-0.04$-0.00$-0.01$0.03$0.06$0.06$0.07$0.08$0.08$0.04$0.06$0.04$0.06$0.07$0.09$0.11$0.09
Low Forecast-------$0.35$-0.05$-0.05$-0.05$-0.09$-0.02$-0.04$-0.00$-0.01$0.03$0.06$0.06$0.07$0.08$0.08$0.04$0.06$0.04$0.06$0.07$0.09$0.11$0.09
Surprise %-------------3.59%7.02%1.04%19.61%0.11%0.76%12.88%-4.74%1.12%1.78%1.38%4.44%1.19%21.16%0.78%12.09%0.74%

According to 1 Wall Street analysts, Piedmont Office Realty Trust's projected average Quarter EPS for Mar 23 is $-0.01, with a low estimate of $-0.01 and a high estimate of $-0.01. This represents a -101.74% decrease compared to PDM previous annual EPS of $0.61 (Dec 22).

Piedmont Office Realty Trust Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HPPHudson Pacific Properties$3.33$13.53306.31%Hold
CIOCity Office REIT$4.92$15.00204.88%Hold
KRCKilroy Realty$38.47$59.0053.37%Buy
BDNBrandywine Realty Trust$5.34$7.8847.57%Hold
PDMPiedmont Office Realty Trust$9.41$13.0038.15%-
DEIDouglas Emmett$18.49$23.5027.10%Hold
HIWHighwoods Properties$31.46$33.255.69%Hold
CUZCousins Properties$30.93$31.291.16%Buy

PDM Forecast FAQ

Will Piedmont Office Realty Trust stock go up soon?

According to Wall Street analysts' prediction for PDM stock, the company can go up by 38.15% (from the last price of $9.41 to the average price target of $13), up by 48.78% based on the highest stock price target, and up by 27.52% based on the lowest stock price target.

Can Piedmont Office Realty Trust stock reach $14?

PDM's average twelve months analyst stock price target of $13 does not support the claim that Piedmont Office Realty Trust can reach $14 in the near future.

What is Piedmont Office Realty Trust's current price target trend?

1 Wall Street analyst forecast a $12 price target for Piedmont Office Realty Trust (PDM) this month, up 27.52% from its last price of $9.41. Compared to the last 3 and 12 months, the average price target increased by 27.52% and increased by 27.52%, respectively.

What are Piedmont Office Realty Trust's analysts' financial forecasts?

Piedmont Office Realty Trust's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $440.27M (high $449.4M, low $431.13M), average EBITDA is $235.94M (high $240.83M, low $231.04M), average net income is $44.64M (high $45.56M, low $43.4M), average SG&A $24.81M (high $25.33M, low $24.3M), and average EPS is $0.36 (high $0.367, low $0.35). PDM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $566M (high $575M, low $556.98M), average EBITDA is $303.32M (high $308.14M, low $298.49M), average net income is $0 (high $0, low $0), average SG&A $31.9M (high $32.41M, low $31.39M), and average EPS is $0 (high $0, low $0).

Did the PDM's actual financial results beat the analysts' financial forecasts?

Based on Piedmont Office Realty Trust's last annual report (Dec 2022), the company's revenue was $563.77M, beating the average analysts forecast of $535.51M by 5.28%. Apple's EBITDA was $311.29M, beating the average prediction of $257.19M by 21.03%. The company's net income was $272.58M, missing the average estimation of $-10.154M by -2784.31%. Apple's SG&A was $29.13M, missing the average forecast of $29.79M by -2.24%. Lastly, the company's EPS was $2.21, beating the average prediction of $0.225 by 881.79%. In terms of the last quarterly report (Sep 2023), Piedmont Office Realty Trust's revenue was $5.06M, missing the average analysts' forecast of $144.13M by -96.49%. The company's EBITDA was $-61.834M, missing the average prediction of $77.24M by -180.06%. Piedmont Office Realty Trust's net income was $-17.001M, beating the average estimation of $-4.836M by 251.58%. The company's SG&A was $7.04M, missing the average forecast of $8.12M by -13.30%. Lastly, the company's EPS was $-0.14, beating the average prediction of $-0.039 by 259.00%