Piedmont Realty Trust (NYSE:PDM) Issues FY 2026 Earnings Guidance

Piedmont Realty Trust (NYSE:PDM) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.500-1.550 for the period, compared to the consensus earnings per share estimate of 1.500. The company issued revenue guidance of -.

Piedmont Realty Trust Stock Performance

Shares of Piedmont Realty Trust stock traded down $0.32 during trading on Thursday, hitting $9.59. 190,191 shares of the company’s stock traded hands, compared to its average volume of 1,027,483. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.45 and a quick ratio of 1.45. Piedmont Realty Trust has a 1 year low of $6.32 and a 1 year high of $10.13. The stock has a market capitalization of $1.20 billion, a P/E ratio of -14.76 and a beta of 1.36. The business has a 50-day simple moving average of $9.14 and a 200-day simple moving average of $8.23.

Piedmont Realty Trust (NYSE:PDM) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Piedmont Realty Trust had a negative return on equity of 5.36% and a negative net margin of 14.18%.The business had revenue of $144.12 million during 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, analysts forecast that Piedmont Realty Trust will post 1.5 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on PDM shares. Wall Street Zen upgraded shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings upgraded shares of Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Finally, Truist Financial restated a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Piedmont Realty Trust in a report on Monday, June 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Institutional Investors Weigh In On Piedmont Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PDM. AQR Capital Management LLC lifted its holdings in Piedmont Realty Trust by 28.5% during the first quarter. AQR Capital Management LLC now owns 332,286 shares of the real estate investment trust’s stock valued at $2,449,000 after purchasing an additional 73,762 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Piedmont Realty Trust by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,346 shares of the real estate investment trust’s stock worth $541,000 after purchasing an additional 3,187 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Piedmont Realty Trust by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 950,015 shares of the real estate investment trust’s stock valued at $7,002,000 after purchasing an additional 96,182 shares during the period. Cetera Investment Advisers raised its position in shares of Piedmont Realty Trust by 18.0% during the 2nd quarter. Cetera Investment Advisers now owns 43,285 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 6,603 shares during the period. Finally, Norges Bank purchased a new position in shares of Piedmont Realty Trust during the 2nd quarter valued at $813,000. 84.48% of the stock is owned by hedge funds and other institutional investors.

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.