Piedmont Realty Trust (NYSE:PDM) Hits New 12-Month High – Time to Buy?

Piedmont Realty Trust, Inc. (NYSE:PDM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.54 and last traded at $9.4750, with a volume of 1186284 shares trading hands. The stock had previously closed at $9.15.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. 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. Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Finally, Truist Financial reiterated a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Piedmont Realty Trust in a report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.00.

Piedmont Realty Trust Price Performance

The company has a market cap of $1.18 billion, a price-to-earnings ratio of -13.54 and a beta of 1.36. The company’s 50 day moving average price is $8.57 and its 200 day moving average price is $8.06. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.52.

Piedmont Realty Trust (NYSE:PDM) last issued its quarterly 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 firm had revenue of $143.29 million for the quarter, compared to analyst estimates 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. Equities research analysts forecast that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On Piedmont Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cohen & Steers Inc. grew its holdings in shares of Piedmont Realty Trust by 13.8% in the 4th quarter. Cohen & Steers Inc. now owns 6,698,202 shares of the real estate investment trust’s stock worth $55,863,000 after acquiring an additional 812,700 shares during the period. Wilsey Asset Management Inc. boosted its position in Piedmont Realty Trust by 15.4% during the first quarter. Wilsey Asset Management Inc. now owns 4,892,550 shares of the real estate investment trust’s stock worth $32,144,000 after acquiring an additional 651,648 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Piedmont Realty Trust by 9.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,450,821 shares of the real estate investment trust’s stock worth $28,780,000 after acquiring an additional 296,114 shares during the last quarter. Centersquare Investment Management LLC grew its stake in Piedmont Realty Trust by 154.3% in the 4th quarter. Centersquare Investment Management LLC now owns 3,429,364 shares of the real estate investment trust’s stock worth $28,601,000 after acquiring an additional 2,080,658 shares during the period. Finally, Wellington Management Group LLP grew its stake in Piedmont Realty Trust by 8.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,322,045 shares of the real estate investment trust’s stock worth $29,898,000 after acquiring an additional 248,993 shares during the period. 84.48% of the stock is owned by institutional investors and hedge funds.

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.