Swedbank AB Has $1.25 Million Stake in Piedmont Realty Trust, Inc. $PDM

Swedbank AB lowered its stake in Piedmont Realty Trust, Inc. (NYSE:PDM) by 31.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,437 shares of the real estate investment trust’s stock after selling 62,500 shares during the quarter. Swedbank AB owned approximately 0.11% of Piedmont Realty Trust worth $1,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of Piedmont Realty Trust by 1.4% during the second quarter. Geode Capital Management LLC now owns 3,418,028 shares of the real estate investment trust’s stock worth $24,920,000 after purchasing an additional 46,198 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Piedmont Realty Trust by 3.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 73,194 shares of the real estate investment trust’s stock valued at $534,000 after buying an additional 2,318 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Piedmont Realty Trust during the 2nd quarter worth approximately $683,000. Strs Ohio bought a new stake in Piedmont Realty Trust during the 1st quarter worth approximately $1,305,000. Finally, Sonora Investment Management Group LLC grew its holdings in Piedmont Realty Trust by 213.5% during the 2nd quarter. Sonora Investment Management Group LLC now owns 125,400 shares of the real estate investment trust’s stock worth $914,000 after acquiring an additional 85,400 shares during the last quarter. 84.48% of the stock is owned by institutional investors.

Piedmont Realty Trust Trading Down 0.2%

PDM opened at $8.33 on Friday. Piedmont Realty Trust, Inc. has a twelve month low of $5.46 and a twelve month high of $9.25. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.43. The company has a fifty day moving average of $8.35 and a 200-day moving average of $8.12. The stock has a market cap of $1.04 billion, a PE ratio of -14.61 and a beta of 1.26.

Piedmont Realty Trust (NYSE:PDM) last released its earnings results on Monday, October 27th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Piedmont Realty Trust had a negative net margin of 12.44% and a negative return on equity of 4.51%. The business had revenue of $110.75 million for the quarter, compared to analyst estimates of $141.46 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. Piedmont Realty Trust’s revenue for the quarter was down .1% on a year-over-year basis. Piedmont Realty Trust has set its FY 2025 guidance at 1.400-1.420 EPS. On average, sell-side analysts predict that Piedmont Realty Trust, Inc. will post 1.41 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PDM shares. Truist Financial raised their price target on shares of Piedmont Realty Trust from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Piedmont Realty Trust in a research report on Wednesday, October 8th. One investment 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 company currently has an average rating of “Hold” and an average target price of $9.00.

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.