Piedmont Realty Trust, Inc. $PDM Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in Piedmont Realty Trust, Inc. (NYSE:PDM) by 16.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,350,794 shares of the real estate investment trust’s stock after acquiring an additional 474,144 shares during the period. Wellington Management Group LLP owned about 2.68% of Piedmont Realty Trust worth $30,660,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PDM. Punch & Associates Investment Management Inc. purchased a new stake in shares of Piedmont Realty Trust in the first quarter valued at $3,614,000. Bessemer Group Inc. lifted its position in Piedmont Realty Trust by 63,822.3% during the first quarter. Bessemer Group Inc. now owns 474,943 shares of the real estate investment trust’s stock worth $3,120,000 after buying an additional 474,200 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its stake in Piedmont Realty Trust by 17.6% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 819,238 shares of the real estate investment trust’s stock worth $6,832,000 after buying an additional 122,346 shares during the last quarter. Donald Smith & CO. Inc. acquired a new stake in Piedmont Realty Trust in the 2nd quarter worth about $17,788,000. Finally, Wilsey Asset Management Inc. grew its holdings in Piedmont Realty Trust by 15.4% in the 1st quarter. Wilsey Asset Management Inc. now owns 4,892,550 shares of the real estate investment trust’s stock valued at $32,144,000 after buying an additional 651,648 shares during the period. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PDM. Truist Financial reiterated 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. Robert W. Baird increased their price target on shares of Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Finally, Weiss Ratings cut shares of Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.50.

Piedmont Realty Trust Stock Performance

Shares of PDM stock opened at $9.69 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.53. The company has a market cap of $1.21 billion, a PE ratio of -14.91 and a beta of 1.36. The company’s fifty day simple moving average is $9.60 and its 200-day simple moving average is $8.46. Piedmont Realty Trust, Inc. has a 52 week low of $6.32 and a 52 week high of $10.13.

Piedmont Realty Trust (NYSE:PDM) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Piedmont Realty Trust had a negative return on equity of 5.39% and a negative net margin of 14.18%.The business had revenue of $144.12 million for the quarter, compared to analysts’ expectations of $133.68 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts anticipate that Piedmont Realty Trust, Inc. will post 1.51 EPS for the current year.

Piedmont Realty Trust 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.