Piedmont Realty Trust, Inc. $PDM Holdings Raised by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC grew its stake in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 629.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,786 shares of the real estate investment trust’s stock after acquiring an additional 6,718 shares during the period. Laurel Wealth Advisors LLC’s holdings in Piedmont Realty Trust were worth $57,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new stake in Piedmont Realty Trust during the second quarter valued at $36,000. Wolverine Asset Management LLC acquired a new position in Piedmont Realty Trust in the 1st quarter worth about $48,000. New Age Alpha Advisors LLC purchased a new stake in shares of Piedmont Realty Trust during the 1st quarter worth about $71,000. Arkadios Wealth Advisors lifted its holdings in shares of Piedmont Realty Trust by 13.0% during the 1st quarter. Arkadios Wealth Advisors now owns 13,002 shares of the real estate investment trust’s stock valued at $96,000 after buying an additional 1,500 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Piedmont Realty Trust in the 2nd quarter valued at approximately $127,000. 84.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PDM. Wall Street Zen raised shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Truist Financial raised 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. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Piedmont Realty Trust in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Piedmont Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $9.00.

Piedmont Realty Trust Stock Down 0.3%

PDM stock opened at $8.74 on Friday. 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, Inc. has a 52-week low of $5.46 and a 52-week high of $9.80. The company has a 50-day moving average of $8.41 and a two-hundred day moving average of $7.93. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -15.33 and a beta of 1.48.

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

Piedmont Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.