Clearbridge Investments LLC Cuts Stake in Piedmont Realty Trust, Inc. $PDM

Clearbridge Investments LLC reduced its stake in Piedmont Realty Trust, Inc. (NYSE:PDM) by 8.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 803,021 shares of the real estate investment trust’s stock after selling 69,825 shares during the period. Clearbridge Investments LLC’s holdings in Piedmont Realty Trust were worth $6,697,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PDM. Ameriprise Financial Inc. increased its stake in shares of Piedmont Realty Trust by 368.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,046,431 shares of the real estate investment trust’s stock worth $14,262,000 after purchasing an additional 1,609,919 shares during the last quarter. Centersquare Investment Management LLC purchased a new stake in shares of Piedmont Realty Trust during the 3rd quarter worth approximately $12,138,000. Lighthouse Investment Partners LLC purchased a new stake in shares of Piedmont Realty Trust during the 3rd quarter worth approximately $3,825,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Piedmont Realty Trust by 101.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 834,157 shares of the real estate investment trust’s stock worth $6,081,000 after purchasing an additional 421,095 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Piedmont Realty Trust by 1,166.6% during the 2nd quarter. First Trust Advisors LP now owns 394,226 shares of the real estate investment trust’s stock worth $2,874,000 after purchasing an additional 363,102 shares during the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PDM. Truist Financial decreased their price target on shares of Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings raised Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Piedmont Realty Trust has an average rating of “Hold” and an average price target of $9.00.

Piedmont Realty Trust Stock Performance

NYSE PDM opened at $9.11 on Thursday. The company’s 50 day moving average is $7.95 and its 200-day moving average is $8.00. Piedmont Realty Trust, Inc. has a 12-month low of $6.32 and a 12-month high of $9.44. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.52. The firm has a market cap of $1.14 billion, a P/E ratio of -13.02 and a beta of 1.38.

Piedmont Realty Trust (NYSE:PDM) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.07). 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 $143.29 million during the quarter, compared to the consensus estimate of $128.67 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. Sell-side analysts predict that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current year.

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.