Dimensional Fund Advisors LP Sells 123,690 Shares of Piedmont Realty Trust, Inc. $PDM

Key Points

• Dimensional Fund Advisors reduced its Piedmont Realty Trust stake by 7.4%, selling 123,690 shares and retaining 1.55 million shares worth approximately $10.2 million. Institutional investors and hedge funds collectively own 84.48% of PDM.
• Piedmont Realty Trust shares opened at $9.47, near the midpoint of their 52-week range. Analysts have a consensus “Hold” rating with an average price target of $11.00.
• The REIT reported quarterly EPS of -$0.09, missing estimates of -$0.06, although revenue of $144.12 million exceeded forecasts. Management issued fiscal 2026 EPS guidance of $1.50–$1.55.

Dimensional Fund Advisors LP cut its holdings in Piedmont Realty Trust, Inc. (NYSE:PDM - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,554,400 shares of the real estate investment trust's stock after selling 123,690 shares during the period. Dimensional Fund Advisors LP owned approximately 1.24% of Piedmont Realty Trust worth $10,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Advisory Services Network LLC acquired a new stake in Piedmont Realty Trust in the third quarter worth $30,000. Kestra Advisory Services LLC bought a new position in shares of Piedmont Realty Trust during the 4th quarter worth about $30,000. EverSource Wealth Advisors LLC grew its stake in shares of Piedmont Realty Trust by 214.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 3,005 shares during the period. Global Retirement Partners LLC grew its stake in shares of Piedmont Realty Trust by 93.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,334 shares of the real estate investment trust's stock valued at $78,000 after buying an additional 4,519 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Piedmont Realty Trust by 59.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust's stock valued at $78,000 after buying an additional 4,015 shares in the last quarter. 84.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on PDM. Weiss Ratings cut Piedmont Realty Trust from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Thursday, July 30th. Truist Financial reaffirmed a "buy" rating and set a $11.00 target price (up from $10.00) on shares of Piedmont Realty Trust in a research report on Monday, June 15th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Piedmont Realty Trust currently has a consensus rating of "Hold" and an average target price of $11.00.

Piedmont Realty Trust Stock Down 0.1%

Shares of NYSE:PDM opened at $9.47 on Monday. The company has a market capitalization of $1.18 billion, a PE ratio of -14.56 and a beta of 1.35. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.36 and a quick ratio of 1.36. The business has a fifty day moving average price of $9.34 and a two-hundred day moving average price of $8.29. Piedmont Realty Trust, Inc. has a 1 year low of $6.32 and a 1 year high of $10.13.

Piedmont Realty Trust (NYSE:PDM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Piedmont Realty Trust had a negative return on equity of 5.39% and a negative net margin of 14.18%.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. Analysts forecast that Piedmont Realty Trust, Inc. will post 1.52 earnings per share for the current year.

Piedmont Realty Trust Profile

Piedmont Realty Trust is a real estate investment trust (REIT) headquartered in Atlanta, Georgia, that focuses on the ownership, acquisition and management of office properties. The company's portfolio comprises a mix of multi-tenant and single-tenant buildings, with a particular emphasis on small- to mid-size office campuses and urban infill properties. Piedmont Realty Trust structures its leases and property services to support a diversified base of tenants, including professional services firms, government agencies and technology companies.

The company's operating model combines property management, leasing and strategic capital allocation to enhance asset value and drive income stability.

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