Piedmont Realty Trust (NYSE:PDM) Reaches New 12-Month High – Here’s Why

Piedmont Realty Trust, Inc. (NYSE:PDM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $10.05 and last traded at $10.0810, with a volume of 78776 shares changing hands. The stock had previously closed at $9.62.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PDM. 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. Truist Financial reissued a “buy” rating and issued a $11.00 price objective (up from $10.00) on shares of Piedmont Realty Trust in a report on Monday, June 15th. Finally, Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned 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 price target of $11.00.

Piedmont Realty Trust Price Performance

The company has a 50 day moving average of $9.10 and a 200-day moving average of $8.22. The stock has a market capitalization of $1.25 billion, a P/E ratio of -14.41 and a beta of 1.36. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.52.

Piedmont Realty Trust (NYSE:PDM) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Piedmont Realty Trust had a negative net margin of 15.28% and a negative return on equity of 5.70%. The business had revenue of $144.12 million for 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. Sell-side analysts predict that Piedmont Realty Trust, Inc. will post 1.5 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC raised its stake 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 worth $2,449,000 after acquiring an additional 73,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 valued at $541,000 after acquiring an additional 3,187 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Piedmont Realty Trust by 11.3% during the first 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 last quarter. Cetera Investment Advisers grew its holdings in shares of Piedmont Realty Trust by 18.0% during the second 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 last quarter. Finally, Norges Bank bought a new position in shares of Piedmont Realty Trust during the second quarter valued at approximately $813,000. 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.