Piedmont Realty Trust, Inc. (NYSE:PDM – Get Free Report) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 5,672,173 shares, a growth of 61.0% from the July 30th total of 3,522,104 shares. Based on an average daily volume of 953,165 shares, the short-interest ratio is presently 6.0 days. Currently, 4.6% of the shares of the stock are sold short.
Piedmont Realty Trust Price Performance
Shares of NYSE:PDM traded up $0.04 during midday trading on Monday, reaching $9.58. The company’s stock had a trading volume of 991,232 shares, compared to its average volume of 1,028,150. The business’s fifty day simple moving average is $9.55 and its 200-day simple moving average is $8.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.36 and a quick ratio of 1.36. Piedmont Realty Trust has a fifty-two week low of $6.32 and a fifty-two week high of $10.13. The company has a market capitalization of $1.20 billion, a P/E ratio of -14.74 and a beta of 1.35.
Piedmont Realty Trust (NYSE:PDM – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Piedmont Realty Trust had a negative return on equity of 5.39% and a negative net margin of 14.18%.The company had revenue of $144.12 million for the quarter, compared to analyst estimates of $133.68 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts expect that Piedmont Realty Trust will post 1.51 EPS for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Research Report on PDM
Institutional Trading of Piedmont Realty Trust
Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in 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 purchasing an additional 73,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Piedmont Realty Trust by 4.5% in the 1st 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 buying an additional 3,187 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Piedmont Realty Trust by 11.3% in the 1st 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 buying an additional 96,182 shares during the period. Cetera Investment Advisers increased 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 valued at $316,000 after buying an additional 6,603 shares during the period. Finally, Norges Bank bought a new stake in shares of Piedmont Realty Trust during the second quarter worth $813,000. 84.48% of the stock is owned by institutional investors.
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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