Piedmont Realty Trust, Inc. $PDM Shares Acquired by Centersquare Investment Management LLC

Centersquare Investment Management LLC grew its stake in Piedmont Realty Trust, Inc. (NYSE:PDM) by 154.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,429,364 shares of the real estate investment trust’s stock after purchasing an additional 2,080,658 shares during the period. Centersquare Investment Management LLC owned approximately 2.75% of Piedmont Realty Trust worth $28,601,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Piedmont Realty Trust by 0.3% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 388,039 shares of the real estate investment trust’s stock valued at $3,236,000 after purchasing an additional 1,300 shares during the period. Daiwa Securities Group Inc. increased 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 increased 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. Van ECK Associates Corp increased its holdings in shares of 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 valued at $330,000 after purchasing an additional 1,387 shares during the period. Finally, ProShare Advisors LLC increased its holdings in shares of Piedmont Realty Trust by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 22,725 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 1,461 shares during the period. Institutional investors and hedge funds own 84.48% of the company’s stock.

Piedmont Realty Trust Stock Down 1.4%

PDM opened at $8.99 on Friday. The business’s fifty day moving average is $8.00 and its two-hundred day moving average is $8.00. 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 company has a market cap of $1.12 billion, a price-to-earnings ratio of -12.85 and a beta of 1.38. Piedmont Realty Trust, Inc. has a one year low of $6.32 and a one year high of $9.44.

Piedmont Realty Trust (NYSE:PDM) last posted its 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 firm had revenue of $143.29 million for the quarter, compared to analysts’ expectations of $128.67 million. Piedmont Realty Trust had a negative return on equity of 5.70% and a negative net margin of 15.28%.Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. Analysts anticipate that Piedmont Realty Trust, Inc. will post 1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PDM shares. Truist Financial dropped their target price on Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.00.

Piedmont Realty Trust Company 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.