Piedmont Realty Trust, Inc. $PDM Position Cut by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its holdings in Piedmont Realty Trust, Inc. (NYSE:PDM) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,291,717 shares of the real estate investment trust’s stock after selling 119,117 shares during the quarter. Glenmede Trust Co. NA’s holdings in Piedmont Realty Trust were worth $8,487,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Centersquare Investment Management LLC grew its stake in shares of Piedmont Realty Trust by 154.3% in the fourth quarter. Centersquare Investment Management LLC now owns 3,429,364 shares of the real estate investment trust’s stock worth $28,601,000 after purchasing an additional 2,080,658 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Piedmont Realty Trust by 368.8% during the second quarter. Ameriprise Financial Inc. now owns 2,046,431 shares of the real estate investment trust’s stock valued at $14,262,000 after purchasing an additional 1,609,919 shares in the last quarter. Cohen & Steers Inc. raised its stake in shares of Piedmont Realty Trust by 13.8% during the fourth quarter. Cohen & Steers Inc. now owns 6,698,202 shares of the real estate investment trust’s stock valued at $55,863,000 after purchasing an additional 812,700 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Piedmont Realty Trust in the fourth quarter worth about $5,469,000. Finally, Wilsey Asset Management Inc. lifted its holdings in Piedmont Realty Trust by 15.4% in the first quarter. Wilsey Asset Management Inc. now owns 4,892,550 shares of the real estate investment trust’s stock worth $32,144,000 after purchasing an additional 651,648 shares during the period. Institutional investors and hedge funds own 84.48% of the company’s stock.

Piedmont Realty Trust Stock Up 1.9%

Shares of PDM stock opened at $9.88 on Tuesday. Piedmont Realty Trust, Inc. has a 1 year low of $6.32 and a 1 year high of $10.13. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.36 and a current ratio of 1.36. The business’s fifty day moving average is $9.24 and its 200-day moving average is $8.26. The stock has a market cap of $1.24 billion, a PE ratio of -15.19 and a beta of 1.36.

Piedmont Realty Trust (NYSE:PDM) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Piedmont Realty Trust had a negative net margin of 14.18% and a negative return on equity of 5.39%. The firm had revenue of $144.12 million during the quarter, compared to analyst estimates of $133.68 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. Equities analysts expect that Piedmont Realty Trust, Inc. will post 1.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on PDM shares. Weiss Ratings cut shares of Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday. Truist Financial reaffirmed a “buy” rating and issued a $11.00 price target (up from $10.00) on shares of Piedmont Realty Trust in a research note on Monday, June 15th. Finally, Wall Street Zen upgraded shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Piedmont Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $11.00.

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.