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SLIDESHOW: Top 10 Cheap REIT Stocks

By Dividend Channel Staff, updated Sat, August 13, 11:04 AM

#10. Piedmont Office Realty
Trading Symbol
PDM
Recent Price
13.48
Dividend Yield
6.23%
TTM Earnings
2.02
PE Ratio (TTM)
6.7
Market Cap
1.7B
#10. Piedmont Office Realty
Trading Symbol
PDM
Recent Price
13.48
Dividend Yield
6.23%
TTM Earnings
2.02
PE Ratio (TTM)
6.7
Market Cap
1.7B
Piedmont Office Realty Trust is a real estate investment trust. Co. is engaged in the ownership, management, development, redevelopment, and operation of office properties. Co. conducts business primarily through Piedmont Operating Partnership, L.P. (Piedmont OP), as well as performing the management of its buildings through two wholly-owned subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. Co. is the sole general partner of, Piedmont OP. Co.'s portfolio of properties is primarily located in several metropolitan areas: Dallas, Atlanta, Washington, D.C., Minneapolis, Boston, Orlando, and New York. More details about Piedmont Office Realty at: http://www.piedmontreit.com. View PDM's Dividend History » ETFs holding PDM »

Should Piedmont Office Realty shares be counted among the Top 10 Cheap REIT Stocks label? To start, we see that the recent trading price for PDM stock is $13.48 and the dividend yield is 6.23% (as of 8/12/2022). The most recent quarter's (MRQ) earnings result, annualized, was $2/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Piedmont Office Realty produced $2.02/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $2.04/share. Comparing the current indicated annual dividend rate of $0.84 against that median result, we calculate a dividend payout ratio of 41.2%. Comparing the company's various earnings metrics against the stock price, we end up with a PE ratio of 6.6 for the TTM Median method, 6.7 for price to earnings using MRQ annualized, and 6.7 for current price/TTM earnings. Based on PDM's history, that recent TTM PE is low relative to the historical average, with the recent PE 40.2% lower than the average (TTM method) of 11.2.

PDM Next Earnings Date »
PDM Next Dividend Date »
(Projection based upon history)
PDM Dividend Growth Rate »
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Buy (3.00 out of 4)
24th percentile
(ranked lower than approx. 76% of all stocks covered)

Analysts' Target Price:
PDM Forecast

Based on data provided by Zacks Investment Research via Quandl.com
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