Piedmont Realty Trust (NYSE:PDM) Releases Earnings Results, Misses Estimates By $0.07 EPS

Piedmont Realty Trust (NYSE:PDM) announced its earnings results on Thursday. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07), FiscalAI reports. Piedmont Realty Trust had a negative return on equity of 5.66% and a negative net margin of 15.28%.The company had revenue of $143.29 million for the quarter, compared to analyst estimates of $128.67 million. Piedmont Realty Trust updated its FY 2026 guidance to 1.490-1.540 EPS.

Piedmont Realty Trust Trading Down 0.5%

Shares of PDM traded down $0.05 on Friday, reaching $8.32. 1,182,245 shares of the company’s stock were exchanged, compared to its average volume of 1,249,446. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $1.04 billion, a P/E ratio of -12.23 and a beta of 1.40. The business has a 50 day moving average price of $7.24 and a two-hundred day moving average price of $7.97. Piedmont Realty Trust has a 12 month low of $6.32 and a 12 month high of $9.19.

Institutional Investors Weigh In On Piedmont Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of PDM. AQR Capital Management LLC raised its stake 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 buying an additional 73,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Piedmont Realty Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,346 shares of the real estate investment trust’s stock worth $541,000 after buying an additional 3,187 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 worth $7,002,000 after buying an additional 96,182 shares during the last quarter. Cetera Investment Advisers raised its stake 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 worth $316,000 after buying an additional 6,603 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Piedmont Realty Trust during the second quarter worth approximately $813,000. 84.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Piedmont Realty Trust in a research report on Tuesday, April 21st. Truist Financial reduced their target price on shares of Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Finally, Wall Street Zen upgraded shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.00.

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.