Wilsey Asset Management Inc. Increases Position in Piedmont Realty Trust, Inc. $PDM

Wilsey Asset Management Inc. boosted its holdings in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 15.4% in the first quarter, Holdings Channel.com reports. The fund owned 4,892,550 shares of the real estate investment trust’s stock after acquiring an additional 651,648 shares during the quarter. Piedmont Realty Trust comprises 5.0% of Wilsey Asset Management Inc.’s portfolio, making the stock its 14th biggest holding. Wilsey Asset Management Inc.’s holdings in Piedmont Realty Trust were worth $32,144,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in shares of Piedmont Realty Trust during the third quarter worth $30,000. Kestra Advisory Services LLC purchased a new stake in shares of Piedmont Realty Trust during the fourth quarter valued at $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of Piedmont Realty Trust by 214.6% in 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 grew its holdings in shares of Piedmont Realty Trust by 93.9% in 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, BNP Paribas Financial Markets grew its holdings in shares of Piedmont Realty Trust by 59.7% in the second quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 4,015 shares during the last quarter. Institutional investors own 84.48% of the company’s stock.

Piedmont Realty Trust Price Performance

Shares of PDM stock opened at $9.57 on Monday. Piedmont Realty Trust, Inc. has a twelve month low of $6.32 and a twelve month high of $9.71. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.52. The stock has a fifty day simple moving average of $8.63 and a two-hundred day simple moving average of $8.08. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -13.67 and a beta of 1.36.

Piedmont Realty Trust (NYSE:PDM) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.07). Piedmont Realty Trust had a negative net margin of 15.28% and a negative return on equity of 5.70%. The firm had revenue of $143.29 million during the quarter, compared to the consensus estimate of $128.67 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. On average, analysts predict that Piedmont Realty Trust, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Ratings Changes

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

Piedmont Realty Trust 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.