Piedmont Realty Trust (NYSE:PDM) Shares Break Above 200 Day Moving Average – Time to Sell?

Posted by Geri Gentry on Oct 11th, 2026

Piedmont Realty Trust, Inc. (NYSE:PDM – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $8.79 and traded as high as $9.12. Piedmont Realty Trust shares last traded at $9.0450, with a volume of 652,619 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PDM. Weiss Ratings cut Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Robert W. Baird increased their price target on Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Truist Financial reiterated a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Piedmont Realty Trust in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Piedmont Realty Trust from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.67.

Get Our Latest Research Report on PDM

Piedmont Realty Trust Stock Down 0.4%

The business has a 50-day moving average price of $9.42 and a 200-day moving average price of $8.79. The stock has a market cap of $1.13 billion, a PE ratio of -13.92 and a beta of 1.39. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.53.

Piedmont Realty Trust (NYSE:PDM – Get Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Piedmont Realty Trust had a negative net margin of 14.18% and a negative return on equity of 5.39%. The firm had revenue of $144.12 million during the quarter, compared to analysts’ expectations of $133.68 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, analysts forecast that Piedmont Realty Trust, Inc. will post 1.52 earnings per share for the current year.

Insider Transactions at Piedmont Realty Trust

In related news, CFO Sherry Rexroad sold 4,446 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $8.81, for a total transaction of $39,169.26. Following the sale, the chief financial officer directly owned 53,857 shares of the company’s stock, valued at $474,480.17. This represents a 7.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Piedmont Realty Trust

Several hedge funds have recently made changes to their positions in the company. Cohen & Steers Inc. lifted its stake in Piedmont Realty Trust by 13.8% in the fourth quarter. Cohen & Steers Inc. now owns 6,698,202 shares of the real estate investment trust’s stock valued at $55,863,000 after buying an additional 812,700 shares during the last quarter. Wilsey Asset Management Inc. grew its holdings in shares of Piedmont Realty Trust by 0.3% during the second quarter. Wilsey Asset Management Inc. now owns 4,909,232 shares of the real estate investment trust’s stock worth $44,919,000 after buying an additional 16,682 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Piedmont Realty Trust by 16.5% in the second quarter. Wellington Management Group LLP now owns 3,350,794 shares of the real estate investment trust’s stock valued at $30,660,000 after purchasing an additional 474,144 shares during the period. Donald Smith & CO. Inc. purchased a new position in Piedmont Realty Trust in the 2nd quarter valued at $17,788,000. Finally, Bank of New York Mellon Corp purchased a new position in Piedmont Realty Trust during the 2nd quarter worth $4,975,000. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Piedmont Realty Trust Company Profile

(Get Free Report)

Piedmont Office Realty Trust, Inc (NYSE: PDM) is a self-managed real estate investment trust that owns, develops, acquires, leases and manages commercial office properties. The company focuses primarily on high-quality office buildings in major U.S. markets.

Piedmont’s portfolio has historically been concentrated in the Sun Belt, with properties in markets such as Atlanta, Boston, Dallas, Los Angeles, New York, Orlando and Washington, DC Its properties serve businesses across a range of industries and typically include office space, parking and related tenant amenities.

The company generates revenue mainly by leasing office space to corporate and institutional tenants.