Piedmont Realty Trust (NYSE:PDM) Announces Earnings Results

Piedmont Realty Trust (NYSE:PDM) issued its quarterly earnings results on Thursday. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.46), FiscalAI reports. The firm had revenue of $143.29 million for the quarter, compared to the consensus estimate of $113.05 million. Piedmont Realty Trust had a negative net margin of 14.80% and a negative return on equity of 5.44%. Piedmont Realty Trust updated its FY 2026 guidance to 1.490-1.540 EPS.

Piedmont Realty Trust Stock Up 1.8%

Shares of PDM stock traded up $0.15 on Thursday, reaching $8.37. 1,671,494 shares of the company were exchanged, compared to its average volume of 1,001,674. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -12.30 and a beta of 1.29. The company has a 50-day moving average of $7.23 and a 200-day moving average of $7.97. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.30 and a quick ratio of 1.30. Piedmont Realty Trust has a one year low of $5.93 and a one year high of $9.19.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Truist Financial cut their price target on shares of Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Wall Street Zen raised shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Piedmont Realty Trust in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Piedmont Realty Trust presently has a consensus rating of “Hold” and an average price target of $9.00.

Hedge Funds Weigh In On Piedmont Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new position in shares of Piedmont Realty Trust during the 3rd quarter worth about $30,000. Kestra Advisory Services LLC bought a new position in shares of Piedmont Realty Trust during the 4th quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its position in shares of Piedmont Realty Trust by 214.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 3,005 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its position in shares of Piedmont Realty Trust by 26.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 9,854 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 2,058 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Piedmont Realty Trust by 59.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 4,015 shares in the last quarter. Institutional investors own 84.48% of the company’s stock.

About Piedmont Realty Trust

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.