Piedmont Realty Trust, Inc. $PDM Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in Piedmont Realty Trust, Inc. (NYSE:PDM) by 29.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 463,924 shares of the real estate investment trust’s stock after selling 193,865 shares during the period. SG Americas Securities LLC’s holdings in Piedmont Realty Trust were worth $4,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in Piedmont Realty Trust by 214.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 3,005 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Piedmont Realty Trust during the second quarter worth about $36,000. Laurel Wealth Advisors LLC boosted its position in Piedmont Realty Trust by 629.0% in the second quarter. Laurel Wealth Advisors LLC now owns 7,786 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 6,718 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Piedmont Realty Trust by 79.6% in the third quarter. Farther Finance Advisors LLC now owns 7,444 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 3,299 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Piedmont Realty Trust by 59.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 4,015 shares during the period. Institutional investors and hedge funds own 84.48% of the company’s stock.

Piedmont Realty Trust Trading Down 1.0%

Piedmont Realty Trust stock opened at $8.41 on Monday. The firm has a market cap of $1.05 billion, a PE ratio of -14.75 and a beta of 1.26. Piedmont Realty Trust, Inc. has a 12 month low of $5.46 and a 12 month high of $9.19. The stock’s 50 day simple moving average is $8.36 and its two-hundred day simple moving average is $8.19. The company has a current ratio of 1.67, a quick 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 (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 firm had revenue of $110.75 million during the quarter, compared to analysts’ expectations of $141.46 million. During the same period in the previous year, the business posted $0.36 EPS. The business’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. Analysts anticipate that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on PDM. Truist Financial lifted their price objective 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 reissued a “sell (d-)” rating on shares of Piedmont Realty Trust in a report on Wednesday, October 8th. One equities 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 company. Based on data from MarketBeat, Piedmont Realty Trust currently has an average rating of “Hold” and a consensus price target of $9.00.

About Piedmont Realty Trust

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.