Piedmont Realty Trust (NYSE:PDM) Hits New 1-Year High – Time to Buy?

Shares of Piedmont Realty Trust, Inc. (NYSE:PDM) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $10.05 and last traded at $10.0810, with a volume of 78776 shares changing hands. The stock had previously closed at $9.62.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Truist Financial restated a “buy” rating and issued a $11.00 price target (up from $10.00) on shares of Piedmont Realty Trust in a report on Monday, June 15th. Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.00.

Piedmont Realty Trust Trading Up 0.2%

The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -15.27 and a beta of 1.36. The business has a 50 day moving average of $9.18 and a 200 day moving average of $8.24. The company has a quick ratio of 1.45, a current ratio of 1.36 and a debt-to-equity ratio of 1.53.

Piedmont Realty Trust (NYSE:PDM) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $133.68 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. On average, research analysts forecast that Piedmont Realty Trust, Inc. will post 1.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Piedmont Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in Piedmont Realty Trust in the 3rd quarter valued at $30,000. Kestra Advisory Services LLC purchased a new position in shares of Piedmont Realty Trust during the 4th quarter worth $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Piedmont Realty Trust by 214.6% during the second 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. Global Retirement Partners LLC boosted its holdings in shares of Piedmont Realty Trust by 93.9% during the fourth quarter. Global Retirement Partners LLC now owns 9,334 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 4,519 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its position in shares of Piedmont Realty Trust by 26.4% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,854 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 2,058 shares during the period. Hedge funds and other institutional investors own 84.48% of the company’s stock.

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.