Piedmont Realty Trust (NYSE:PDM) Reaches New 1-Year High – Time to Buy?

Piedmont Realty Trust, Inc. (NYSE:PDM) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $9.45 and last traded at $9.4350, with a volume of 83193 shares trading hands. The stock had previously closed at $9.24.

Analyst Ratings Changes

PDM has been the topic of several research reports. Weiss Ratings raised Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Truist Financial reissued a “buy” rating and set a $11.00 price target (up from $10.00) on shares of Piedmont Realty Trust in a research report on Monday, June 15th. Finally, Wall Street Zen upgraded 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 and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.00.

Piedmont Realty Trust Price Performance

The company has a debt-to-equity ratio of 1.52, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $1.16 billion, a PE ratio of -13.31 and a beta of 1.38. The company has a 50-day moving average price of $8.44 and a two-hundred day moving average price of $8.03.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Piedmont Realty Trust by 0.3% during 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 purchasing an additional 1,300 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Piedmont Realty Trust by 2.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 46,683 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 1,321 shares in the last quarter. Merit Financial Group LLC boosted its position in Piedmont Realty Trust by 2.1% in the 4th quarter. Merit Financial Group LLC now owns 67,292 shares of the real estate investment trust’s stock valued at $561,000 after buying an additional 1,356 shares during the last quarter. DGS Capital Management LLC grew its stake in shares of Piedmont Realty Trust by 9.5% during the first quarter. DGS Capital Management LLC now owns 15,980 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 1,381 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Piedmont Realty Trust by 3.9% during the third quarter. Van ECK Associates Corp now owns 36,743 shares of the real estate investment trust’s stock valued at $330,000 after acquiring an additional 1,387 shares in the last quarter. 84.48% of the stock is owned by institutional investors and hedge funds.

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.