Systematic Financial Management LP raised its position in Piedmont Realty Trust, Inc. (NYSE:PDM – Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,676,141 shares of the real estate investment trust’s stock after buying an additional 98,860 shares during the quarter. Systematic Financial Management LP owned about 1.35% of Piedmont Realty Trust worth $13,979,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Piedmont Realty Trust in the third quarter valued at $30,000. EverSource Wealth Advisors LLC raised its stake in shares of Piedmont Realty Trust by 214.6% in the second quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 3,005 shares during the period. Global Retirement Partners LLC raised its stake in shares of Piedmont Realty Trust by 93.9% in the fourth quarter. Global Retirement Partners LLC now owns 9,334 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 4,519 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Piedmont Realty Trust by 59.7% in the second quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 4,015 shares during the period. Finally, Sherry Group Inc. bought a new stake in shares of Piedmont Realty Trust in the fourth quarter valued at $96,000. 84.48% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
PDM has been the topic of several research reports. Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Truist Financial lowered their target price on Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. 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 analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.00.
Piedmont Realty Trust Price Performance
Shares of NYSE PDM opened at $8.22 on Monday. The stock has a market cap of $1.03 billion, a PE ratio of -11.75 and a beta of 1.40. Piedmont Realty Trust, Inc. has a fifty-two week low of $6.32 and a fifty-two week high of $9.19. 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 stock has a fifty day moving average of $7.43 and a 200-day moving average of $7.96.
Piedmont Realty Trust (NYSE:PDM – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The company 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. Equities research analysts anticipate that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current 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.
Featured Articles
- Five stocks we like better than Piedmont Realty Trust
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
Receive News & Ratings for Piedmont Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piedmont Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
