Piedmont Realty Trust (NYSE:PDM – Get Free Report) had its price target raised by stock analysts at Robert W. Baird from $9.00 to $10.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price target indicates a potential upside of 3.79% from the company’s current price.
Other equities analysts have also issued reports about the company. Truist Financial restated a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Piedmont Realty Trust in a research note on Monday, June 15th. Weiss Ratings lowered shares of Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.50.
Read Our Latest Analysis on Piedmont Realty Trust
Piedmont Realty Trust Stock Up 1.4%
Piedmont Realty Trust (NYSE:PDM – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $144.12 million for the quarter, compared to analysts’ expectations of $133.68 million. Piedmont Realty Trust had a negative net margin of 14.18% and a negative return on equity of 5.39%. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. On average, equities analysts predict that Piedmont Realty Trust will post 1.52 EPS for the current fiscal year.
Institutional Trading of Piedmont Realty Trust
Hedge funds have recently modified their holdings of the business. AQR Capital Management LLC grew its position in shares of Piedmont Realty Trust by 28.5% in the 1st quarter. AQR Capital Management LLC now owns 332,286 shares of the real estate investment trust’s stock worth $2,449,000 after buying an additional 73,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Piedmont Realty Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,346 shares of the real estate investment trust’s stock valued at $541,000 after purchasing an additional 3,187 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Piedmont Realty Trust by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 950,015 shares of the real estate investment trust’s stock valued at $7,002,000 after purchasing an additional 96,182 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Piedmont Realty Trust by 18.0% in the 2nd quarter. Cetera Investment Advisers now owns 43,285 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 6,603 shares during the last quarter. Finally, Norges Bank purchased a new position in Piedmont Realty Trust during the second quarter valued at $813,000. Institutional investors own 84.48% of the company’s stock.
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.
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