72,028 Shares in Piedmont Realty Trust, Inc. $PDM Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired 72,028 shares of Piedmont Realty Trust, Inc., valued at approximately $531,000, representing about 0.06% of the company's stock.
• Piedmont Realty Trust reported an EPS of $0.36 for the latest quarter, surpassing expectations of $0.35 but sees a 2.1% decline in year-over-year revenue.
• Analysts have assigned an average rating of "Hold" to Piedmont Realty Trust's stock, with a consensus target price of $8.67, down from previous price objectives.

Caxton Associates LLP bought a new position in Piedmont Realty Trust, Inc. (NYSE:PDM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 72,028 shares of the real estate investment trust's stock, valued at approximately $531,000. Caxton Associates LLP owned about 0.06% of Piedmont Realty Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 worth $541,000 after acquiring an additional 3,187 shares during the last quarter. AQR Capital Management LLC raised its stake 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 acquiring an additional 73,762 shares during the last quarter. Vident Advisory LLC raised its stake in Piedmont Realty Trust by 12.5% in the 1st quarter. Vident Advisory LLC now owns 38,787 shares of the real estate investment trust's stock worth $286,000 after acquiring an additional 4,296 shares during the last quarter. Helix Partners Management LP raised its stake in Piedmont Realty Trust by 14.3% in the 1st quarter. Helix Partners Management LP now owns 800,000 shares of the real estate investment trust's stock worth $5,896,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in Piedmont Realty Trust by 20.6% in the 1st quarter. Systematic Financial Management LP now owns 1,446,437 shares of the real estate investment trust's stock worth $10,660,000 after acquiring an additional 247,171 shares during the last quarter. Hedge funds and other institutional investors own 84.48% of the company's stock.

Piedmont Realty Trust Price Performance

Shares of Piedmont Realty Trust stock traded up $0.08 on Friday, hitting $8.86. The company's stock had a trading volume of 495,837 shares, compared to its average volume of 668,438. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.67 and a current ratio of 1.67. Piedmont Realty Trust, Inc. has a 1 year low of $5.46 and a 1 year high of $11.11. The firm has a fifty day moving average price of $7.89 and a 200-day moving average price of $7.32. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -16.10 and a beta of 1.53.

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

Wall Street Analyst Weigh In

PDM has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on Piedmont Realty Trust from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Friday, June 13th. Wall Street Zen upgraded Piedmont Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 23rd. Finally, Truist Financial reduced their price objective on Piedmont Realty Trust from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $8.67.

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.