Robeco Institutional Asset Management B.V. Sells 59,785 Shares of Piedmont Realty Trust, Inc. $PDM

Robeco Institutional Asset Management B.V. lessened its holdings in Piedmont Realty Trust, Inc. (NYSE:PDM) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 554,242 shares of the real estate investment trust’s stock after selling 59,785 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Piedmont Realty Trust were worth $4,988,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new position in shares of Piedmont Realty Trust during the 2nd quarter worth about $683,000. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 46,198 shares in the last quarter. Allianz Asset Management GmbH boosted its position in 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 purchasing an additional 2,318 shares during the last quarter. Strs Ohio bought a new position in Piedmont Realty Trust in the first quarter valued at approximately $1,305,000. Finally, Sonora Investment Management Group LLC increased its position in shares of 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 purchasing an additional 85,400 shares during the last quarter. Institutional investors and hedge funds own 84.48% of the company’s stock.

Piedmont Realty Trust Price Performance

NYSE:PDM opened at $8.41 on Friday. Piedmont Realty Trust, Inc. has a 12-month low of $5.46 and a 12-month high of $9.19. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -14.75 and a beta of 1.26. The stock’s 50 day moving average price is $8.36 and its two-hundred day moving average price is $8.18. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.43.

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 for the quarter, topping analysts’ consensus estimates 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 business had revenue of $110.75 million for the quarter, compared to analyst estimates of $141.46 million. During the same period in the previous year, the firm earned $0.36 EPS. The firm’s 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. On average, analysts anticipate that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

PDM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Piedmont Realty Trust in a research note on Wednesday, October 8th. Truist Financial upped their price target on shares of Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.00.

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.