Piedmont Realty Trust, Inc. (NYSE:PDM) Receives Average Recommendation of “Hold” from Brokerages

Shares of Piedmont Realty Trust, Inc. (NYSE:PDM) have been given an average rating of “Hold” by the four analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $9.00.

A number of brokerages recently issued reports on PDM. Weiss Ratings reissued a “sell (d-)” rating on shares of Piedmont Realty Trust in a report on Wednesday, October 8th. Truist Financial boosted their price target on Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, November 24th.

Hedge Funds Weigh In On Piedmont Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nepsis Inc. raised its position in shares of Piedmont Realty Trust by 47.5% during the 4th quarter. Nepsis Inc. now owns 329,284 shares of the real estate investment trust’s stock worth $2,746,000 after buying an additional 106,105 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Piedmont Realty Trust by 1.8% during the fourth quarter. SG Americas Securities LLC now owns 472,310 shares of the real estate investment trust’s stock valued at $3,939,000 after acquiring an additional 8,386 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Piedmont Realty Trust by 8.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 46,215 shares of the real estate investment trust’s stock worth $391,000 after purchasing an additional 3,629 shares in the last quarter. Wilsey Asset Management Inc. raised its holdings in Piedmont Realty Trust by 4.4% during the fourth quarter. Wilsey Asset Management Inc. now owns 4,240,902 shares of the real estate investment trust’s stock worth $35,369,000 after purchasing an additional 179,001 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Piedmont Realty Trust by 13.0% in the third quarter. JPMorgan Chase & Co. now owns 2,221,209 shares of the real estate investment trust’s stock worth $19,991,000 after purchasing an additional 255,519 shares during the period. Institutional investors own 84.48% of the company’s stock.

Piedmont Realty Trust Stock Up 1.4%

Piedmont Realty Trust stock opened at $8.76 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.67 and a current ratio of 1.67. Piedmont Realty Trust has a one year low of $5.46 and a one year high of $9.19. The company has a 50-day simple moving average of $8.39 and a 200-day simple moving average of $8.21. The firm has a market capitalization of $1.09 billion, a P/E ratio of -15.36 and a beta of 1.26.

Piedmont Realty Trust (NYSE:PDM) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $110.75 million for the quarter, compared to the consensus estimate of $141.46 million. Piedmont Realty Trust had a negative net margin of 12.44% and a negative return on equity of 4.51%. Piedmont Realty Trust’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.36 EPS. Piedmont Realty Trust has set its FY 2025 guidance at 1.400-1.420 EPS. As a group, equities analysts expect that Piedmont Realty Trust will post 1.41 earnings per share for the current year.

Piedmont Realty Trust Company Profile

Piedmont Realty Trust is a real estate investment trust (REIT) headquartered in Atlanta, Georgia, that focuses on the ownership, acquisition and management of office properties. The company’s portfolio comprises a mix of multi-tenant and single-tenant buildings, with a particular emphasis on small- to mid-size office campuses and urban infill properties. Piedmont Realty Trust structures its leases and property services to support a diversified base of tenants, including professional services firms, government agencies and technology companies.

The company’s operating model combines property management, leasing and strategic capital allocation to enhance asset value and drive income stability.