Helix Partners Management LP Has $5.90 Million Holdings in Piedmont Realty Trust, Inc. $PDM

Key Points

• Helix Partners Management LP increased its stake in Piedmont Realty Trust, Inc. by 14.3%, owning 800,000 shares valued at approximately $5.90 million, making it the firm's 6th largest holding.
• Piedmont Realty Trust reported an earnings per share (EPS) of $0.36 for the last quarter, slightly beating the consensus estimate, although its revenue declined 2.1% year-over-year.
• Institutional investors hold a significant majority of the stock, with 84.48% ownership, indicating strong confidence among major financial players in the company's performance.

Helix Partners Management LP grew its stake in Piedmont Realty Trust, Inc. (NYSE:PDM - Free Report) by 14.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 800,000 shares of the real estate investment trust's stock after purchasing an additional 100,000 shares during the quarter. Piedmont Realty Trust makes up approximately 1.8% of Helix Partners Management LP's investment portfolio, making the stock its 6th largest holding. Helix Partners Management LP owned approximately 0.64% of Piedmont Realty Trust worth $5,896,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Quantinno Capital Management LP grew its stake in Piedmont Realty Trust by 6.5% in the 4th quarter. Quantinno Capital Management LP now owns 22,803 shares of the real estate investment trust's stock valued at $209,000 after buying an additional 1,390 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Piedmont Realty Trust by 4.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 36,489 shares of the real estate investment trust's stock valued at $334,000 after purchasing an additional 1,479 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Piedmont Realty Trust by 13.0% during the first quarter. Arkadios Wealth Advisors now owns 13,002 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 1,500 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Piedmont Realty Trust by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 25,929 shares of the real estate investment trust's stock worth $191,000 after purchasing an additional 1,781 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Piedmont Realty Trust by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,159 shares of the real estate investment trust's stock worth $642,000 after purchasing an additional 2,321 shares during the last quarter. Institutional investors and hedge funds own 84.48% of the company's stock.

Piedmont Realty Trust Stock Performance

NYSE PDM opened at $8.12 on Wednesday. The firm's 50 day simple moving average is $7.57 and its 200 day simple moving average is $7.22. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -14.75 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, Inc. has a 1 year low of $5.46 and a 1 year high of $11.11.

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Truist Financial decreased their price objective on Piedmont Realty Trust from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Tuesday, May 20th. Wall Street Zen raised shares of Piedmont Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Piedmont Realty Trust from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Friday, June 13th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $8.67.

Piedmont Realty Trust Company 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.

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