Piedmont Realty Trust (NYSE:PDM) CFO Sherry Rexroad Sells 4,446 Shares of Stock

Piedmont Realty Trust, Inc. (NYSE:PDM) CFO Sherry Rexroad sold 4,446 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $8.81, for a total value of $39,169.26. Following the completion of the sale, the chief financial officer directly owned 53,857 shares in the company, valued at approximately $474,480.17. The trade was a 7.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Piedmont Realty Trust Price Performance

Piedmont Realty Trust stock traded up $0.20 during midday trading on Friday, reaching $9.01. 1,106,442 shares of the company were exchanged, compared to its average volume of 1,153,567. Piedmont Realty Trust, Inc. has a 1 year low of $6.32 and a 1 year high of $10.13. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -13.85 and a beta of 1.39. The firm’s 50-day simple moving average is $9.51 and its 200-day simple moving average is $8.70. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.36 and a current ratio of 1.36.

Piedmont Realty Trust (NYSE:PDM) last posted its quarterly earnings data 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 analyst estimates of $133.68 million. Piedmont Realty Trust had a negative net margin of 14.18% and a negative return on equity of 5.39%. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. On average, analysts anticipate that Piedmont Realty Trust, Inc. will post 1.52 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Robert W. Baird increased their target price on Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. upped their price objective on shares of Piedmont Realty Trust from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. Weiss Ratings downgraded shares of Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. Finally, Truist Financial restated 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. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Piedmont Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $10.67.

Institutional Investors Weigh In On Piedmont Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of PDM. DGS Capital Management LLC increased its holdings in shares of Piedmont Realty Trust by 9.5% in the first quarter. DGS Capital Management LLC now owns 15,980 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 1,381 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Piedmont Realty Trust by 8.3% during the 2nd quarter. Tidal Investments LLC now owns 26,594 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 2,044 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Piedmont Realty Trust by 5.5% in the 1st quarter. Lazard Asset Management LLC now owns 74,236 shares of the real estate investment trust’s stock worth $488,000 after acquiring an additional 3,856 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Piedmont Realty Trust by 8.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 56,293 shares of the real estate investment trust’s stock worth $366,000 after acquiring an additional 4,467 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Piedmont Realty Trust by 93.9% during the fourth quarter. Global Retirement Partners LLC now owns 9,334 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 4,519 shares during the period. 84.48% of the stock is currently owned by hedge funds and other institutional investors.

Piedmont Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (NYSE: PDM) is a self-managed real estate investment trust that owns, develops, acquires, leases and manages commercial office properties. The company focuses primarily on high-quality office buildings in major U.S. markets.

Piedmont’s portfolio has historically been concentrated in the Sun Belt, with properties in markets such as Atlanta, Boston, Dallas, Los Angeles, New York, Orlando and Washington, DC Its properties serve businesses across a range of industries and typically include office space, parking and related tenant amenities.

The company generates revenue mainly by leasing office space to corporate and institutional tenants.