Piedmont Realty Trust, Inc. (NYSE:PDM) Stock Rated “Hold” by Sell-Side Brokerages

by · The Markets Daily

Shares of Piedmont Realty Trust, Inc. (NYSE:PDM – Get Free Report) have earned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.67.

Several research analysts have weighed in on PDM shares. JPMorgan Chase & Co. boosted their price objective on Piedmont Realty Trust from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. Robert W. Baird boosted their price objective on Piedmont Realty Trust from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Zacks Research raised shares of Piedmont Realty Trust from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Weiss Ratings downgraded shares of Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, July 30th.

View Our Latest Research Report on Piedmont Realty Trust

Piedmont Realty Trust Stock Up 0.6%

Shares of NYSE PDM traded up $0.06 during trading on Friday, hitting $9.09. The stock had a trading volume of 1,402,425 shares, compared to its average volume of 1,535,376. Piedmont Realty Trust has a 12 month low of $6.32 and a 12 month high of $10.13. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $1.14 billion, a PE ratio of -13.98 and a beta of 1.39. The firm has a fifty day moving average of $9.36 and a two-hundred day moving average of $8.87.

Piedmont Realty Trust (NYSE:PDM – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Piedmont Realty Trust had a negative net margin of 14.18% and a negative return on equity of 5.39%. The firm had revenue of $144.12 million for the quarter, compared to the consensus estimate of $133.68 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts forecast that Piedmont Realty Trust will post 1.53 EPS for the current fiscal year.

Insider Activity

In other news, CFO Sherry Rexroad sold 4,446 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $8.81, for a total value of $39,169.26. Following the completion of the transaction, the chief financial officer directly owned 53,857 shares in the company, valued at approximately $474,480.17. This trade represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Piedmont Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Readystate Asset Management LP bought a new stake in Piedmont Realty Trust during the second quarter valued at $94,000. DGS Capital Management LLC grew its position in Piedmont Realty Trust by 9.5% during the first quarter. DGS Capital Management LLC now owns 15,980 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 1,381 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Piedmont Realty Trust in the 2nd quarter worth about $168,000. HB Wealth Management LLC bought a new position in Piedmont Realty Trust in the 2nd quarter worth about $204,000. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Piedmont Realty Trust by 36.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 22,562 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 6,032 shares in the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

About Piedmont Realty Trust

(Get Free Report)

Piedmont Office Realty Trust, Inc (NYSE: PDM) is a self-managed real estate investment trust that owns, develops, acquires, leases and manages commercial office properties. The company focuses primarily on high-quality office buildings in major U.S. markets.

Piedmont’s portfolio has historically been concentrated in the Sun Belt, with properties in markets such as Atlanta, Boston, Dallas, Los Angeles, New York, Orlando and Washington, DC Its properties serve businesses across a range of industries and typically include office space, parking and related tenant amenities.

The company generates revenue mainly by leasing office space to corporate and institutional tenants.

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