Piedmont Realty Trust, Inc. $PDM Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 67.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 152,981 shares of the real estate investment trust’s stock after selling 319,329 shares during the period. SG Americas Securities LLC owned approximately 0.12% of Piedmont Realty Trust worth $1,005,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PDM. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in 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. boosted its position in shares of 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 during the period. Merit Financial Group LLC grew its stake 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 buying an additional 1,356 shares in the last quarter. Van ECK Associates Corp grew its stake 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 buying an additional 1,387 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of 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 period. Institutional investors and hedge funds own 84.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Piedmont Realty Trust Stock Down 0.4%

Piedmont Realty Trust stock opened at $9.57 on Friday. Piedmont Realty Trust, Inc. has a twelve month low of $6.32 and a twelve month high of $9.71. The stock’s fifty day simple moving average is $8.63 and its 200-day simple moving average is $8.08. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $1.20 billion, a P/E ratio of -13.67 and a beta of 1.36.

Piedmont Realty Trust (NYSE:PDM) last released 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). Piedmont Realty Trust had a negative net margin of 15.28% and a negative return on equity of 5.70%. The company had revenue of $143.29 million during 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. As a group, equities analysts expect that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current fiscal year.

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.