Piedmont Realty Trust (NYSE:PDM) Releases Earnings Results, Misses Estimates By $0.11 EPS

Posted by Francis Steltz on Oct 26th, 2026

Piedmont Realty Trust (NYSE:PDM – Get Free Report) announced its quarterly earnings data on Monday. The real estate investment trust reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11), FiscalAI reports. The firm had revenue of $151.24 million during the quarter, compared to the consensus estimate of $146.80 million. Piedmont Realty Trust had a negative net margin of 14.18% and a negative return on equity of 5.39%.

Piedmont Realty Trust Stock Performance

NYSE:PDM traded down $0.07 during mid-day trading on Monday, hitting $9.62. 645,787 shares of the stock were exchanged, compared to its average volume of 1,160,493. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -14.79 and a beta of 1.39. The firm’s 50-day simple moving average is $9.35 and its 200 day simple moving average is $8.99. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.36 and a current 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.

Analyst Ratings Changes

PDM has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Piedmont Realty Trust from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. Robert W. Baird lifted 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. Weiss Ratings downgraded Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. Finally, Zacks Research raised Piedmont Realty Trust from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.67.

Check Out Our Latest Analysis on PDM

Insider Transactions at Piedmont Realty Trust

In other Piedmont Realty Trust news, CFO Sherry Rexroad sold 4,446 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $8.81, for a total value of $39,169.26. Following the transaction, 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 SEC, which is available 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.

About Piedmont Realty Trust

(Get Free Report)

Piedmont Realty Trust, formally known as Piedmont Office Realty Trust, Inc (NYSE: PDM), is a self-managed real estate investment trust that owns, develops, acquires, leases and manages office properties in the United States. The company primarily focuses on high-quality office buildings serving corporate tenants and other organizations.

Piedmont’s portfolio has historically been concentrated in major office markets across the Sun Belt and eastern United States, including Atlanta, Boston, Dallas, Washington, DC, and other metropolitan areas.