Aberdeen Group plc Has $254,000 Stake in Piedmont Realty Trust, Inc. $PDM

Aberdeen Group plc boosted its holdings in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 9.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,778 shares of the real estate investment trust’s stock after buying an additional 2,984 shares during the period. Aberdeen Group plc’s holdings in Piedmont Realty Trust were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Arkadios Wealth Advisors lifted its holdings in shares of Piedmont Realty Trust by 13.0% during the 1st quarter. Arkadios Wealth Advisors now owns 13,002 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 1,500 shares during the period. PNC Financial Services Group Inc. raised its position in Piedmont Realty Trust by 7.4% in the first quarter. PNC Financial Services Group Inc. now owns 25,929 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 1,781 shares in the last quarter. Inspire Investing LLC lifted its stake in Piedmont Realty Trust by 5.3% during the first quarter. Inspire Investing LLC now owns 46,648 shares of the real estate investment trust’s stock worth $344,000 after purchasing an additional 2,368 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Piedmont Realty Trust by 3.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,840 shares of the real estate investment trust’s stock valued at $559,000 after purchasing an additional 2,605 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Piedmont Realty Trust by 1.5% during the second quarter. Public Employees Retirement System of Ohio now owns 183,945 shares of the real estate investment trust’s stock valued at $1,341,000 after purchasing an additional 2,691 shares in the last quarter. Institutional investors own 84.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PDM shares. Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Piedmont Realty Trust in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.67.

Piedmont Realty Trust Stock Up 0.4%

Shares of PDM opened at $8.19 on Friday. The company has a market capitalization of $1.02 billion, a P/E ratio of -14.88 and a beta of 1.52. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.67 and a quick ratio of 1.67. Piedmont Realty Trust, Inc. has a one year low of $5.46 and a one year high of $11.11. The business’s 50 day simple moving average is $8.44 and its 200-day simple moving average is $7.55.

Piedmont Realty Trust (NYSE:PDM) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $111.13 million during the quarter, compared to analysts’ expectations of $141.96 million. Piedmont Realty Trust had a negative return on equity of 4.32% and a negative net margin of 12.10%.The business’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. Piedmont Realty Trust has set its FY 2025 guidance at 1.380-1.440 EPS. As a group, sell-side analysts predict that Piedmont Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

About Piedmont Realty Trust

Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.