Piedmont Realty Trust (NYSE:PDM) Sets New 12-Month High – Should You Buy?

Piedmont Realty Trust, Inc. (NYSE:PDM)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $9.54 and last traded at $9.4750, with a volume of 1186284 shares changing hands. The stock had previously closed at $9.15.

Analysts Set New Price Targets

PDM has been the topic of a number of research analyst reports. Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Wall Street Zen upgraded Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Truist Financial reissued a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Piedmont Realty Trust in a research report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.00.

Piedmont Realty Trust Stock Performance

The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.52. The company has a 50-day moving average price of $8.57 and a 200-day moving average price of $8.06. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -13.54 and a beta of 1.36.

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

Institutional Investors Weigh In On Piedmont Realty Trust

Several large investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Piedmont Realty Trust by 8.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,490,514 shares of the real estate investment trust’s stock valued at $12,451,000 after acquiring an additional 121,941 shares during the last quarter. Wilsey Asset Management Inc. boosted 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 valued at $35,369,000 after purchasing an additional 179,001 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Piedmont Realty Trust by 13.0% in the 3rd 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 last quarter. Hudson Bay Capital Management LP increased its holdings in Piedmont Realty Trust by 6.7% during the 3rd quarter. Hudson Bay Capital Management LP now owns 3,215,339 shares of the real estate investment trust’s stock valued at $28,938,000 after purchasing an additional 201,764 shares in the last quarter. Finally, Nepsis Inc. raised its stake in shares of Piedmont Realty Trust by 47.5% in the fourth quarter. Nepsis Inc. now owns 329,284 shares of the real estate investment trust’s stock worth $2,746,000 after acquiring an additional 106,105 shares during the last quarter. Institutional investors own 84.48% of the company’s stock.

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.