Piedmont Realty Trust, Inc. (NYSE:PDM) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Analyst consensus is “Hold.” Among five covering firms, ratings include one sell, two holds, one buy and one strong buy, with an average 12-month price target of $10.67 versus a recent price of $9.09.
• Institutional ownership remains high at 84.48%. Wellington Management increased its stake by 16.5%, while CFO Sherry Rexroad sold shares to cover tax withholding obligations tied to vested equity awards.
• Quarterly earnings missed expectations. Piedmont reported a loss of $0.09 per share versus the expected loss of $0.06, though revenue of $144.12 million exceeded the $133.68 million consensus estimate; full-year EPS guidance is $1.50–$1.55.

Piedmont Realty Trust, Inc. (NYSE:PDM - Get Free Report) has earned a consensus rating of "Hold" from the five research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $10.67.

Several analysts have recently issued reports on PDM shares. JPMorgan Chase & Co. increased their target price on Piedmont Realty Trust from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, September 9th. Robert W. Baird boosted their price target on Piedmont Realty Trust from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, August 14th. Zacks Research raised shares of Piedmont Realty Trust from a "hold" rating to a "strong-buy" rating in a report on Thursday. Finally, Weiss Ratings lowered shares of Piedmont Realty Trust from a "sell (d+)" rating to a "sell (d-)" rating in a report on Thursday, July 30th.

Insider Activity at Piedmont Realty Trust

In other news, CFO Sherry Rexroad sold 4,446 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was 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 in the company, valued at approximately $474,480.17. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Piedmont Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new stake in shares of Piedmont Realty Trust during the second quarter worth about $168,000. Tidal Investments LLC raised its stake in shares of Piedmont Realty Trust by 8.3% in the second quarter. Tidal Investments LLC now owns 26,594 shares of the real estate investment trust's stock worth $243,000 after purchasing an additional 2,044 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of Piedmont Realty Trust in the second quarter valued at approximately $94,000. HB Wealth Management LLC bought a new position in shares of Piedmont Realty Trust in the second quarter valued at approximately $204,000. Finally, Wellington Management Group LLP boosted its position in shares of Piedmont Realty Trust by 16.5% during 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 buying an additional 474,144 shares during the last quarter. 84.48% of the stock is owned by institutional investors.

Piedmont Realty Trust Stock Performance

Shares of PDM traded up $0.06 during midday trading on Friday, reaching $9.09. The stock had a trading volume of 1,402,425 shares, compared to its average volume of 1,535,376. The firm has a market cap of $1.14 billion, a PE ratio of -13.98 and a beta of 1.39. The firm has a 50 day simple moving average of $9.36 and a 200-day simple moving average of $8.87. Piedmont Realty Trust has a one year low of $6.32 and a one year high of $10.13. 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 issued its quarterly earnings data 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 company had revenue of $144.12 million during the quarter, compared to the consensus estimate of $133.68 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, sell-side analysts anticipate that Piedmont Realty Trust will post 1.53 EPS for the current year.

About Piedmont Realty Trust

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.

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