Piedmont Realty Trust (NYSE:PDM) Price Target Raised to $11.00

Piedmont Realty Trust (NYSE:PDM) had its price target hoisted by JPMorgan Chase & Co. from $10.00 to $11.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Several other research analysts also recently weighed in on the stock. Robert W. Baird upped their target price on shares of Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. 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 report on Monday, June 15th. Finally, Weiss Ratings downgraded Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.67.

Piedmont Realty Trust Price Performance

NYSE PDM opened at $9.56 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.53. Piedmont Realty Trust has a 12 month low of $6.32 and a 12 month high of $10.13. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -14.72 and a beta of 1.36. The company’s 50 day moving average is $9.62 and its two-hundred day moving average is $8.51.

Piedmont Realty Trust (NYSE:PDM) last posted 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). The firm had revenue of $144.12 million during the quarter, compared to the consensus estimate of $133.68 million. Piedmont Realty Trust had a negative return on equity of 5.39% and a negative net margin of 14.18%.Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, research analysts anticipate that Piedmont Realty Trust will post 1.52 earnings per share for the current year.

Hedge Funds Weigh In On Piedmont Realty Trust

Several hedge funds have recently modified their holdings of PDM. AQR Capital Management LLC boosted its position in shares of 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Piedmont Realty Trust by 4.5% in the 1st 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Piedmont Realty Trust by 11.3% in the 1st 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 worth $7,002,000 after purchasing an additional 96,182 shares in the last quarter. Cetera Investment Advisers lifted its stake in Piedmont Realty Trust by 18.0% in the 2nd quarter. Cetera Investment Advisers now owns 43,285 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 6,603 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Piedmont Realty Trust during the 2nd quarter valued at about $813,000. Hedge funds and other institutional investors own 84.48% of the company’s stock.

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.