Nepsis Inc. Buys Shares of 223,179 Piedmont Realty Trust, Inc. $PDM

Nepsis Inc. purchased a new stake in Piedmont Realty Trust, Inc. (NYSE:PDM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 223,179 shares of the real estate investment trust’s stock, valued at approximately $2,009,000. Piedmont Realty Trust makes up about 0.6% of Nepsis Inc.’s investment portfolio, making the stock its 28th largest holding. Nepsis Inc. owned 0.18% of Piedmont Realty Trust at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Piedmont Realty Trust by 214.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 3,005 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Piedmont Realty Trust during the second quarter worth $36,000. Laurel Wealth Advisors LLC raised its holdings in shares of Piedmont Realty Trust by 629.0% in the second quarter. Laurel Wealth Advisors LLC now owns 7,786 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 6,718 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Piedmont Realty Trust by 79.6% in the third quarter. Farther Finance Advisors LLC now owns 7,444 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 3,299 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Piedmont Realty Trust by 59.7% during the second quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 4,015 shares during the last quarter. 84.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PDM has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Piedmont Realty Trust in a research note on Wednesday, October 8th. Truist Financial lifted their price target on shares of Piedmont Realty Trust from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Piedmont Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $9.00.

Piedmont Realty Trust Price Performance

Shares of NYSE PDM opened at $8.41 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average price of $8.36 and a two-hundred day moving average price of $8.18. The firm has a market cap of $1.05 billion, a PE ratio of -14.75 and a beta of 1.26. Piedmont Realty Trust, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $9.19.

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

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.