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Enter Symbol:
Rating: PDM
Underperform $20

Piedmont Office Realty Trust, Inc. (NYSE: PDM) downgraded to Underperform with price target $20 by RBC Capital Mkts

Friday,  Mar 6, 2015  8:25 AM ET by Dave Ficere

RBC Capital Mkts downgraded Piedmont Office Realty Trust, Inc. (NYSE: PDM) to Underperform with
price target $20. Previously RBC Capital Mkts rated Outperform with price target $19 Piedmont Office Realty Trust, Inc. (NYSE: PDM) on 01/11/2012, when the stock price was $17.69.

Piedmont Office Realty Trust, Inc. (Piedmont) is a real estate investment trust (REIT). The Company is engaged in the acquisition and ownership of commercial real estate properties throughout the United States, including properties that are under construction, newly constructed, or have operating histories. Piedmont conducts business primarily through Piedmont Operating Partnership, L.P. (Piedmont OP), a limited partnership, as well as performing the management of its buildings through two wholly owned subsidiaries, Piedmont Government Services, LLC and Piedmont Office Management, LLC. Piedmont is the sole general partner of Piedmont OP. Piedmont OP owns properties directly, through wholly owned subsidiaries and through certain joint ventures with other third parties.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.

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