Piedmont Office Realty traded at $9.45 this Wednesday July 1st, increasing $0.30 or 3.28 percent since the previous trading session. Looking back, over the last four weeks, Piedmont Office Realty gained 12.23 percent. Over the last 12 months, its price rose by 26.68 percent. Looking ahead, we forecast Piedmont Office Realty to be priced at 9.28 by the end of this quarter and at 8.72 in one year, according to Trading Economics global macro models projections and analysts expectations.
Piedmont Office Realty Trust, Inc. is a real estate investment trust (REIT). The Company is engaged in the development, redevelopment, management and ownership of commercial real estate properties located primarily in select sub-markets within Eastern United States office markets. It conducts business primarily through Piedmont Operating Partnership, L.P. (Piedmont OP), as well as manages its buildings through two wholly owned subsidiaries: Piedmont Government Services, LLC and Piedmont Office Management, LLC. The Company operates approximately 54 in-service office properties, which comprise approximately 16.4 million square feet. Its properties are located across Dallas, Atlanta, Washington D.C., Minneapolis, Boston, Orlando and New York.