Wilsey Asset Management Inc. Grows Holdings in Piedmont Realty Trust, Inc. $PDM

Wilsey Asset Management Inc. boosted its position in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 15.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,892,550 shares of the real estate investment trust’s stock after acquiring an additional 651,648 shares during the period. Piedmont Realty Trust accounts for about 5.0% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 14th largest position. Wilsey Asset Management Inc. owned about 3.91% of Piedmont Realty Trust worth $32,144,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Inspire Investing LLC boosted its holdings in Piedmont Realty Trust by 38.6% in the 1st quarter. Inspire Investing LLC now owns 77,441 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 21,584 shares during the period. Pictet Asset Management Holding SA raised its holdings in Piedmont Realty Trust by 36.5% during the first quarter. Pictet Asset Management Holding SA now owns 22,562 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 6,032 shares during the period. Hsbc Holdings PLC raised its holdings in Piedmont Realty Trust by 11.8% during the fourth quarter. Hsbc Holdings PLC now owns 184,407 shares of the real estate investment trust’s stock valued at $1,538,000 after acquiring an additional 19,484 shares during the period. Andrews Advisory Associates LLC purchased a new position in shares of Piedmont Realty Trust in the fourth quarter valued at about $117,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Piedmont Realty Trust in the fourth quarter worth about $5,469,000. 84.48% of the stock is currently owned by institutional investors.

Piedmont Realty Trust Stock Performance

NYSE:PDM opened at $9.57 on Monday. The stock’s fifty day moving average is $8.63 and its 200 day moving average is $8.08. Piedmont Realty Trust, Inc. has a fifty-two week low of $6.32 and a fifty-two week high of $9.71. The firm has a market capitalization of $1.20 billion, a PE ratio of -13.67 and a beta of 1.36. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.45 and a current ratio of 1.45.

Piedmont Realty Trust (NYSE:PDM) last posted its quarterly earnings data 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). Piedmont Realty Trust had a negative return on equity of 5.70% and a negative net margin of 15.28%.The firm had revenue of $143.29 million for the quarter, compared to analysts’ expectations of $128.67 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. On average, sell-side analysts anticipate that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

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

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.