Caxton Associates LLP Buys 73,480 Shares of Piedmont Realty Trust, Inc. $PDM

Caxton Associates LLP raised its stake in Piedmont Realty Trust, Inc. (NYSE:PDM) by 102.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,508 shares of the real estate investment trust’s stock after acquiring an additional 73,480 shares during the period. Caxton Associates LLP’s holdings in Piedmont Realty Trust were worth $1,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&T Bank Corp grew its position in Piedmont Realty Trust by 12.8% during the 2nd quarter. M&T Bank Corp now owns 13,549 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 1,540 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Piedmont Realty Trust by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 25,929 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 1,781 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Piedmont Realty Trust by 3.3% during the second quarter. Allianz Asset Management GmbH now owns 73,194 shares of the real estate investment trust’s stock valued at $534,000 after acquiring an additional 2,318 shares in the last quarter. Inspire Investing LLC increased its position in shares of Piedmont Realty Trust by 5.3% during the first quarter. Inspire Investing LLC now owns 46,648 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 2,368 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Piedmont Realty Trust by 6.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 43,865 shares of the real estate investment trust’s stock worth $320,000 after acquiring an additional 2,577 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors.

Piedmont Realty Trust Trading Up 1.5%

PDM opened at $8.66 on Tuesday. The stock has a market capitalization of $1.08 billion, a PE ratio of -15.18 and a beta of 1.26. Piedmont Realty Trust, Inc. has a one year low of $5.46 and a one year high of $9.49. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.67 and a current ratio of 1.67. The business’s 50 day moving average price is $8.32 and its 200 day moving average price is $8.07.

Piedmont Realty Trust (NYSE:PDM) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $110.75 million during the quarter, compared to analysts’ expectations of $141.46 million. During the same quarter last year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Piedmont Realty Trust has set its FY 2025 guidance at 1.400-1.420 EPS. As a group, equities research analysts expect that Piedmont Realty Trust, Inc. will post 1.41 EPS for the current year.

Analyst Ratings Changes

PDM has been the subject of a number of research analyst reports. Truist Financial lifted their target price on Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Piedmont Realty Trust in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.00.

About Piedmont Realty Trust

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.