Clearbridge Investments LLC Has $6.70 Million Stock Holdings in Piedmont Realty Trust, Inc. $PDM

Clearbridge Investments LLC reduced its stake in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 8.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 803,021 shares of the real estate investment trust’s stock after selling 69,825 shares during the period. Clearbridge Investments LLC owned about 0.64% of Piedmont Realty Trust worth $6,697,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in Piedmont Realty Trust by 0.3% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 388,039 shares of the real estate investment trust’s stock worth $3,236,000 after purchasing an additional 1,300 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Piedmont Realty Trust by 2.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 46,683 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 1,321 shares in the last quarter. Merit Financial Group LLC grew its holdings in Piedmont Realty Trust by 2.1% during the fourth quarter. Merit Financial Group LLC now owns 67,292 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 1,356 shares in the last quarter. Van ECK Associates Corp raised its position in Piedmont Realty Trust by 3.9% in the 3rd quarter. Van ECK Associates Corp now owns 36,743 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 1,387 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Piedmont Realty Trust by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 22,725 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 1,461 shares during the last quarter. 84.48% of the stock is owned by institutional investors.

Piedmont Realty Trust Stock Down 1.3%

Piedmont Realty Trust stock opened at $9.11 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $1.14 billion, a PE ratio of -13.02 and a beta of 1.38. The firm’s 50-day simple moving average is $7.95 and its 200 day simple moving average is $8.00. Piedmont Realty Trust, Inc. has a fifty-two week low of $6.32 and a fifty-two week high of $9.44.

Piedmont Realty Trust (NYSE:PDM) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The business 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. Research analysts predict that Piedmont Realty Trust, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PDM shares. Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Truist Financial lowered their price target on Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Finally, Weiss Ratings raised Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.