Brokerages Set Piedmont Realty Trust, Inc. (NYSE:PDM) Target Price at $9.00

Piedmont Realty Trust, Inc. (NYSE:PDM) has earned an average rating of “Hold” from the four analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $9.00.

A number of research firms have recently commented on PDM. Weiss Ratings restated a “sell (d-)” rating on shares of Piedmont Realty Trust in a report on Wednesday, October 8th. Truist Financial boosted their target price on Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 24th.

Piedmont Realty Trust Trading Down 2.2%

Shares of PDM stock opened at $8.56 on Friday. The firm’s 50-day simple moving average is $8.39 and its 200-day simple moving average is $8.23. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.67 and a quick ratio of 1.67. Piedmont Realty Trust has a 1-year low of $5.46 and a 1-year high of $9.19. The firm has a market cap of $1.07 billion, a P/E ratio of -15.01 and a beta of 1.26.

Piedmont Realty Trust (NYSE:PDM) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $110.75 million during the quarter, compared to analyst estimates of $141.46 million. Piedmont Realty Trust had a negative net margin of 12.44% and a negative return on equity of 4.51%. Piedmont Realty Trust’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. Piedmont Realty Trust has set its FY 2025 guidance at 1.400-1.420 EPS. As a group, equities analysts forecast that Piedmont Realty Trust will post 1.41 EPS for the current year.

Institutional Trading of Piedmont Realty Trust

Several large investors have recently added to or reduced their stakes in PDM. AQR Capital Management LLC lifted 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 purchasing an additional 73,762 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Piedmont Realty Trust by 4.5% during 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 buying an additional 3,187 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Piedmont Realty Trust by 11.3% during 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 acquiring an additional 96,182 shares in the last quarter. Strs Ohio purchased a new position in Piedmont Realty Trust in the 1st quarter worth approximately $1,305,000. Finally, Inspire Investing LLC boosted its holdings in Piedmont Realty Trust by 5.3% in the 1st quarter. Inspire Investing LLC now owns 46,648 shares of the real estate investment trust’s stock worth $344,000 after acquiring an additional 2,368 shares during the period. 84.48% of the stock is currently owned by institutional investors and hedge funds.

About Piedmont Realty Trust

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.