Piedmont Realty Trust (NYSE:PDM) Posts Earnings Results, Misses Expectations By $0.07 EPS

Posted by Francis Steltz on May 1st, 2026

Piedmont Realty Trust (NYSE:PDM – Get Free Report) announced its earnings results on Thursday. 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), FiscalAI reports. 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 5.44% and a negative net margin of 14.80%. Piedmont Realty Trust updated its FY 2026 guidance to 1.490-1.540 EPS.

Piedmont Realty Trust Price Performance

NYSE:PDM traded down $0.04 during mid-day trading on Friday, reaching $8.33. 200,476 shares of the company were exchanged, compared to its average volume of 991,540. Piedmont Realty Trust has a 12 month low of $6.32 and a 12 month high of $9.19. The company has a fifty day moving average of $7.24 and a 200 day moving average of $7.97. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.49. The stock has a market cap of $1.04 billion, a PE ratio of -12.24 and a beta of 1.29.

Institutional Investors Weigh In On Piedmont Realty Trust

Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in Piedmont Realty Trust during the 3rd quarter worth about $30,000. Kestra Advisory Services LLC bought a new stake in Piedmont Realty Trust during the 4th quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in Piedmont Realty Trust by 214.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 3,005 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in Piedmont Realty Trust by 26.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 9,854 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 2,058 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Piedmont Realty Trust by 59.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 4,015 shares during the last quarter. Institutional investors own 84.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PDM. Truist Financial dropped their target price on shares of 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Piedmont Realty Trust in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.00.

View Our Latest Stock Analysis on Piedmont Realty Trust

Piedmont Realty Trust Company Profile

(Get Free Report)

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.