Piedmont Office Realty Trust Inc. Class A (PDM) Moves Lower on Volume Spike for March 15

Equities Staff  |

Piedmont Office Realty Trust Inc. Class A (PDM) traded on unusually high volume on Mar. 15, as the stock lost 0.82% to close at $20.49. On the day, Piedmont Office Realty Trust Inc. Class A saw 1.87 million shares trade hands on 6,459 trades. Considering that the stock averages only a daily volume of 859,330 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $20.94 and $16.44 over the last 52-weeks, its 50-day SMA is now $19.35, and its 200-day SMA $18.76. Piedmont Office Realty Trust Inc. Class A has a P/B ratio of 1.5. It also has a P/E ratio of 20.9.

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.

Headquartered in Atlanta, GA, Piedmont Office Realty Trust Inc. Class A has 134 employees and is currently under the leadership of CEO Donald A. Miller.

For a complete fundamental analysis analysis of Piedmont Office Realty Trust Inc. Class A, check out Equities.com’s Stock Valuation Analysis report for PDM.

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To get more information on Piedmont Office Realty Trust Inc. Class A and to follow the company’s latest updates, you can visit the company’s profile page here: PDM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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