Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in Piedmont Realty Trust, Inc. $PDM

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 13.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,368,573 shares of the real estate investment trust’s stock after acquiring an additional 167,018 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 1.10% of Piedmont Realty Trust worth $12,317,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PDM. M&T Bank Corp raised its position in shares of 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 worth $99,000 after purchasing an additional 1,540 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Piedmont Realty Trust by 3.3% in the second quarter. Allianz Asset Management GmbH now owns 73,194 shares of the real estate investment trust’s stock worth $534,000 after acquiring an additional 2,318 shares during the last quarter. Sonora Investment Management Group LLC lifted its position in shares of Piedmont Realty Trust by 2.0% in the third quarter. Sonora Investment Management Group LLC now owns 127,900 shares of the real estate investment trust’s stock valued at $1,151,000 after acquiring an additional 2,500 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Piedmont Realty Trust by 6.2% during the second quarter. Daiwa Securities Group Inc. now owns 43,865 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 2,577 shares during the last quarter. Finally, Csenge Advisory Group increased its position in Piedmont Realty Trust by 17.0% during the 3rd quarter. Csenge Advisory Group now owns 18,123 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 2,630 shares in the last quarter. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PDM shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Piedmont Realty Trust in a report on Thursday. Truist Financial increased their price target on Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, November 24th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.00.

Piedmont Realty Trust Stock Performance

Shares of NYSE:PDM opened at $8.40 on Friday. The firm has a market capitalization of $1.05 billion, a PE ratio of -14.73 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 company has a debt-to-equity ratio of 1.43, a current ratio of 1.67 and a quick ratio of 1.67. The business has a 50-day moving average of $8.41 and a two-hundred day moving average of $8.26.

Piedmont Realty Trust (NYSE:PDM) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.35 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 for the quarter, compared to analyst estimates of $141.46 million. During the same quarter last year, the firm posted $0.36 earnings per share. Piedmont Realty Trust’s revenue for the quarter 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, research analysts forecast that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current year.

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.