Piedmont Realty Trust (NYSE:PDM) Sets New 52-Week High – What’s Next?

Shares of Piedmont Realty Trust, Inc. (NYSE:PDM) reached a new 52-week high on Friday . The company traded as high as $9.45 and last traded at $9.4350, with a volume of 83193 shares trading hands. The stock had previously closed at $9.24.

Analyst Upgrades and Downgrades

PDM has been the topic of several recent analyst reports. Weiss Ratings raised shares of Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. Wall Street Zen raised shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Truist Financial reiterated a “buy” rating and set a $11.00 price target (up from $10.00) on shares of Piedmont Realty Trust in a report on Monday, June 15th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Piedmont Realty Trust has an average rating of “Hold” and an average target price of $11.00.

Piedmont Realty Trust Stock Performance

The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.52. The business has a 50 day simple moving average of $8.48 and a two-hundred day simple moving average of $8.04. The firm has a market cap of $1.18 billion, a PE ratio of -13.51 and a beta of 1.38.

Piedmont Realty Trust (NYSE:PDM) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The company had revenue of $143.29 million for the quarter, compared to analysts’ expectations of $128.67 million. Piedmont Realty Trust had a negative net margin of 15.28% and a negative return on equity of 5.70%. Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. As a group, equities research analysts forecast that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Piedmont Realty Trust

Large investors have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Piedmont Realty Trust by 0.3% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 388,039 shares of the real estate investment trust’s stock worth $3,236,000 after acquiring an additional 1,300 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Piedmont Realty Trust by 2.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 46,683 shares of the real estate investment trust’s stock valued at $389,000 after purchasing an additional 1,321 shares during the period. Merit Financial Group LLC boosted its holdings in shares of Piedmont Realty Trust by 2.1% in the fourth quarter. Merit Financial Group LLC now owns 67,292 shares of the real estate investment trust’s stock valued at $561,000 after purchasing an additional 1,356 shares during the period. DGS Capital Management LLC grew its stake in Piedmont Realty Trust by 9.5% in the first quarter. DGS Capital Management LLC now owns 15,980 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 1,381 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Piedmont Realty Trust by 3.9% in the third quarter. Van ECK Associates Corp now owns 36,743 shares of the real estate investment trust’s stock worth $330,000 after purchasing an additional 1,387 shares in the last quarter. 84.48% of the stock is owned by hedge funds and other institutional investors.

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.