Punch & Associates Investment Management Inc. Takes Position in Piedmont Realty Trust, Inc. $PDM

Punch & Associates Investment Management Inc. bought a new stake in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) during the 1st quarter, Holdings Channel.com reports. The firm bought 550,013 shares of the real estate investment trust’s stock, valued at approximately $3,614,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Centersquare Investment Management LLC increased its holdings in Piedmont Realty Trust by 154.3% in the 4th quarter. Centersquare Investment Management LLC now owns 3,429,364 shares of the real estate investment trust’s stock valued at $28,601,000 after purchasing an additional 2,080,658 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Piedmont Realty Trust by 368.8% in the second quarter. Ameriprise Financial Inc. now owns 2,046,431 shares of the real estate investment trust’s stock worth $14,262,000 after buying an additional 1,609,919 shares during the period. Cohen & Steers Inc. boosted its position in shares of Piedmont Realty Trust by 13.8% in the fourth quarter. Cohen & Steers Inc. now owns 6,698,202 shares of the real estate investment trust’s stock worth $55,863,000 after buying an additional 812,700 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Piedmont Realty Trust in the fourth quarter valued at about $5,469,000. Finally, Wilsey Asset Management Inc. grew its stake in shares of Piedmont Realty Trust by 15.4% in the first 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 in the last quarter. 84.48% of the stock is owned by hedge funds and other institutional investors.

Piedmont Realty Trust Stock Performance

Shares of PDM stock opened at $9.78 on Friday. Piedmont Realty Trust, Inc. has a 12 month low of $6.32 and a 12 month high of $9.99. 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 firm has a market capitalization of $1.22 billion, a P/E ratio of -13.96 and a beta of 1.36. The company’s fifty day moving average price is $9.03 and its two-hundred day moving average price is $8.21.

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 analysts’ consensus estimates of ($0.03) by ($0.07). The firm had revenue of $143.29 million during 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. On average, research analysts anticipate that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PDM has been the topic of several analyst reports. Truist Financial reiterated a “buy” rating and set a $11.00 target price (up from $10.00) on shares of Piedmont Realty Trust in a report on Monday, June 15th. Wall Street Zen raised 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 report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.