Should You Buy Piedmont Office Realty Trust, Inc. (PDM) Stock on Friday?

The market has been down on Piedmont Office Realty Trust, Inc. (PDM) stock recently. PDM gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Piedmont Office Realty Trust, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PDM!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PDM Stock Today?

Piedmont Office Realty Trust, Inc. (PDM) stock is up 0.64% while the S&P 500 is lower by -0.33% as of 10:52 AM on Friday, Mar 15. PDM has risen $0.04 from the previous closing price of $6.27 on volume of 323,819 shares. Over the past year the S&P 500 is up 31.90% while PDM is lower by -18.58%. PDM lost -$0.39 per share in the over the last 12 months.

More About Piedmont Office Realty Trust, Inc.

Piedmont Office Realty Trust Inc is a real estate investment trust engaged in the acquisition, development, and management of commercial real estate properties throughout the U.S. The company's real estate portfolio is primarily composed of office properties located in major American metropolitan areas. Piedmont derives most of its revenue in the form of rental income from tenants in mid- to long-term lease agreements. The vast majority of the company's revenue comes from the leasing of its assets in Washington D.C., New York City, Chicago, Atlanta, Minneapolis, Dallas, and Boston. Piedmont's largest customers in terms of rental revenue are U.S. Government entities, business services companies, and financial institutions. Click Here to get the full Stock Report for Piedmont Office Realty Trust, Inc. stock.