Piedmont Realty Trust (NYSE:PDM) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Piedmont Realty Trust, Inc. (NYSE:PDM)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.12 and traded as high as $9.46. Piedmont Realty Trust shares last traded at $9.4110, with a volume of 783,052 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on PDM. 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 raised Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report 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 research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.00.

Piedmont Realty Trust Stock Performance

The stock’s 50-day moving average is $8.77 and its 200-day moving average is $8.12. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -13.44 and a beta of 1.36. 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 posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The business had revenue of $143.29 million during 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. On average, analysts expect that Piedmont Realty Trust, Inc. will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Piedmont Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wilsey Asset Management Inc. boosted its position in Piedmont Realty Trust by 0.3% during the 2nd quarter. Wilsey Asset Management Inc. now owns 4,909,232 shares of the real estate investment trust’s stock worth $44,919,000 after purchasing an additional 16,682 shares during the period. Amundi raised its position in Piedmont Realty Trust by 12.4% in the first quarter. Amundi now owns 74,381 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 8,204 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Piedmont Realty Trust by 5.5% during the first quarter. Lazard Asset Management LLC now owns 74,236 shares of the real estate investment trust’s stock worth $488,000 after purchasing an additional 3,856 shares in the last quarter. Waverly Advisors LLC acquired a new position in shares of Piedmont Realty Trust during the first quarter worth about $153,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in shares of Piedmont Realty Trust in the first quarter worth about $3,614,000. Institutional investors and hedge funds own 84.48% of the company’s stock.

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.