Bessemer Group Inc. Grows Holdings in Piedmont Realty Trust, Inc. $PDM

Bessemer Group Inc. raised its stake in Piedmont Realty Trust, Inc. (NYSE:PDM) by 63,822.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 474,943 shares of the real estate investment trust’s stock after purchasing an additional 474,200 shares during the quarter. Bessemer Group Inc.’s holdings in Piedmont Realty Trust were worth $3,120,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Piedmont Realty Trust by 8.9% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,490,514 shares of the real estate investment trust’s stock worth $12,451,000 after acquiring an additional 121,941 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Piedmont Realty Trust by 13.0% in the third quarter. JPMorgan Chase & Co. now owns 2,221,209 shares of the real estate investment trust’s stock valued at $19,991,000 after acquiring an additional 255,519 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in Piedmont Realty Trust by 17.6% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 819,238 shares of the real estate investment trust’s stock valued at $6,832,000 after purchasing an additional 122,346 shares in the last quarter. Nepsis Inc. raised its position in Piedmont Realty Trust by 47.5% during the fourth quarter. Nepsis Inc. now owns 329,284 shares of the real estate investment trust’s stock valued at $2,746,000 after purchasing an additional 106,105 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Piedmont Realty Trust by 13.5% during the fourth quarter. Legal & General Group Plc now owns 522,654 shares of the real estate investment trust’s stock worth $4,359,000 after purchasing an additional 62,010 shares during the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PDM. Truist Financial reiterated a “buy” rating and issued a $11.00 price objective (up from $10.00) on shares of Piedmont Realty Trust in a report on Monday, June 15th. Weiss Ratings raised Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.00.

Piedmont Realty Trust Stock Performance

Piedmont Realty Trust stock opened at $9.72 on Wednesday. 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 company has a market capitalization of $1.22 billion, a PE ratio of -13.89 and a beta of 1.36. The firm has a fifty day simple moving average of $8.93 and a two-hundred day simple moving average of $8.18. Piedmont Realty Trust, Inc. has a twelve month low of $6.32 and a twelve month high of $9.99.

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

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.