Wellington Management Group LLP Boosts Holdings in Piedmont Realty Trust, Inc. $PDM

Wellington Management Group LLP lifted its position in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 16.5% during the second quarter, HoldingsChannel reports. The firm owned 3,350,794 shares of the real estate investment trust’s stock after purchasing an additional 474,144 shares during the quarter. Wellington Management Group LLP’s holdings in Piedmont Realty Trust were worth $30,660,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Piedmont Realty Trust by 0.3% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 388,039 shares of the real estate investment trust’s stock valued at $3,236,000 after purchasing an additional 1,300 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Piedmont Realty Trust by 2.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 46,683 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 1,321 shares in the last quarter. DGS Capital Management LLC boosted its position in Piedmont Realty Trust by 9.5% in the 1st quarter. DGS Capital Management LLC now owns 15,980 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 1,381 shares during the last quarter. Van ECK Associates Corp boosted its position in Piedmont Realty Trust by 3.9% in the 3rd quarter. Van ECK Associates Corp now owns 36,743 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 1,387 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of Piedmont Realty Trust by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 22,725 shares of the real estate investment trust’s stock valued at $190,000 after acquiring an additional 1,461 shares in the last quarter. 84.48% of the stock is currently owned by hedge funds and other institutional investors.

Piedmont Realty Trust Stock Performance

PDM opened at $9.69 on Friday. Piedmont Realty Trust, Inc. has a 12-month low of $6.32 and a 12-month high of $10.13. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $1.21 billion, a PE ratio of -14.91 and a beta of 1.36. The firm’s fifty day moving average price is $9.60 and its 200 day moving average price is $8.46.

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). The company had revenue of $144.12 million for the quarter, compared to analyst estimates of $133.68 million. Piedmont Realty Trust had a negative return on equity of 5.39% and a negative net margin of 14.18%.Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, research analysts expect that Piedmont Realty Trust, Inc. will post 1.51 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings lowered Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Robert W. Baird raised their price objective on Piedmont Realty Trust from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Finally, Truist Financial restated a “buy” rating and set a $11.00 price objective (up from $10.00) on shares of Piedmont Realty Trust in a report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.50.

Piedmont Realty Trust Company Profile

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.