Deutsche Bank AG Has $1.16 Million Stock Holdings in Piedmont Realty Trust, Inc. $PDM

Key Points

• Deutsche Bank AG reduced its stake in Piedmont Realty Trust by 35.3%, selling 85,439 shares, and now owns approximately 0.13% of the company.
• Piedmont Realty Trust reported a quarterly earnings per share (EPS) of $0.36, exceeding analysts' expectations, but experienced a year-over-year revenue decline of 2.1%.
• Institutional investors hold 84.48% of Piedmont Realty Trust's shares, indicating significant institutional interest in the company.

Deutsche Bank AG decreased its holdings in shares of Piedmont Realty Trust, Inc. (NYSE:PDM - Free Report) by 35.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,919 shares of the real estate investment trust's stock after selling 85,439 shares during the period. Deutsche Bank AG owned about 0.13% of Piedmont Realty Trust worth $1,156,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PDM. Point72 Hong Kong Ltd bought a new stake in Piedmont Realty Trust during the fourth quarter valued at $59,000. New Age Alpha Advisors LLC bought a new stake in Piedmont Realty Trust during the first quarter valued at $71,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Piedmont Realty Trust during the fourth quarter valued at $76,000. Ballentine Partners LLC bought a new stake in Piedmont Realty Trust in the first quarter valued at $82,000. Finally, Arkadios Wealth Advisors lifted its stake in Piedmont Realty Trust by 13.0% in the first quarter. Arkadios Wealth Advisors now owns 13,002 shares of the real estate investment trust's stock valued at $96,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 84.48% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on PDM. Wall Street Zen upgraded shares of Piedmont Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 23rd. JPMorgan Chase & Co. lowered their price target on shares of Piedmont Realty Trust from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Friday, June 13th. Finally, Truist Financial cut their price objective on shares of Piedmont Realty Trust from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Piedmont Realty Trust has an average rating of "Hold" and an average price target of $8.67.

Piedmont Realty Trust Price Performance

PDM stock traded up $0.12 during trading hours on Friday, hitting $8.46. 679,575 shares of the stock traded hands, compared to its average volume of 875,853. The stock has a 50-day simple moving average of $7.63 and a 200 day simple moving average of $7.23. Piedmont Realty Trust, Inc. has a one year low of $5.46 and a one year high of $11.11. The company has a market cap of $1.05 billion, a P/E ratio of -15.37 and a beta of 1.46. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.41.

Piedmont Realty Trust (NYSE:PDM - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $111.13 million for 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 firm's revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. Piedmont Realty Trust has set its FY 2025 guidance at 1.380-1.440 EPS. Equities analysts forecast that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Piedmont Realty Trust Profile

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.