Piedmont Realty Trust, Inc. $PDM Shares Sold by LSV Asset Management

LSV Asset Management reduced its holdings in Piedmont Realty Trust, Inc. (NYSE:PDM) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,865,954 shares of the real estate investment trust’s stock after selling 229,700 shares during the quarter. LSV Asset Management’s holdings in Piedmont Realty Trust were worth $32,242,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Global Retirement Partners LLC lifted its holdings in shares of Piedmont Realty Trust by 93.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,334 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 4,519 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Piedmont Realty Trust by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 22,725 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 1,461 shares during the period. Sherry Group Inc. acquired a new stake in shares of Piedmont Realty Trust in the 4th quarter valued at approximately $96,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Piedmont Realty Trust by 0.3% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 388,039 shares of the real estate investment trust’s stock valued at $3,236,000 after buying an additional 1,300 shares during the period. Finally, Ethic Inc. lifted its holdings in shares of Piedmont Realty Trust by 24.9% in the 4th quarter. Ethic Inc. now owns 48,320 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 9,641 shares during the period. 84.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PDM. Weiss Ratings raised Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 4th. Truist Financial reduced their price target on Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating for the company in a report on Monday, March 9th. Finally, Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.00.

Piedmont Realty Trust Stock Performance

NYSE PDM opened at $8.22 on Monday. Piedmont Realty Trust, Inc. has a fifty-two week low of $6.32 and a fifty-two week high of $9.19. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -11.75 and a beta of 1.40. The business has a fifty day moving average of $7.43 and a 200-day moving average of $7.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.52.

Piedmont Realty Trust (NYSE:PDM) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). Piedmont Realty Trust had a negative return on equity of 5.70% and a negative net margin of 15.28%.The company had revenue of $143.29 million during the quarter, compared to analyst estimates of $128.67 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. As a group, analysts predict that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current fiscal year.

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.