Public Employees Retirement System of Ohio Acquires Shares of 148,282 Piedmont Realty Trust, Inc. $PDM

Public Employees Retirement System of Ohio acquired a new position in shares of Piedmont Realty Trust, Inc. (NYSE:PDM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 148,282 shares of the real estate investment trust's stock, valued at approximately $1,357,000. Public Employees Retirement System of Ohio owned about 0.12% of Piedmont Realty Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Donald Smith & CO. Inc. acquired a new stake in shares of Piedmont Realty Trust in the 2nd quarter valued at about $17,788,000. Bank of New York Mellon Corp acquired a new position in Piedmont Realty Trust during the second quarter worth approximately $4,975,000. Wilsey Asset Management Inc. increased its position in Piedmont Realty Trust by 0.3% during the second quarter. Wilsey Asset Management Inc. now owns 4,909,232 shares of the real estate investment trust's stock worth $44,919,000 after buying an additional 16,682 shares during the period. Amundi lifted its stake in Piedmont Realty Trust by 12.4% in the first quarter. Amundi now owns 74,381 shares of the real estate investment trust's stock valued at $489,000 after buying an additional 8,204 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Piedmont Realty Trust by 5.5% in the first quarter. Lazard Asset Management LLC now owns 74,236 shares of the real estate investment trust's stock valued at $488,000 after buying an additional 3,856 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 $9.69 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.53. Piedmont Realty Trust, Inc. has a 52-week low of $6.32 and a 52-week high of $10.13. The business's 50-day moving average price is $9.61 and its 200 day moving average price is $8.47. The firm has a market cap of $1.21 billion, a P/E ratio of -14.91 and a beta of 1.36.

Piedmont Realty Trust (NYSE:PDM - Get Free Report) last posted 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 net margin of 14.18% and a negative return on equity of 5.39%. The company had revenue of $144.12 million for the quarter, compared to analysts' expectations of $133.68 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. On average, equities research analysts expect that Piedmont Realty Trust, Inc. will post 1.51 earnings per share for the current year.

Analysts Set New Price Targets

PDM has been the subject of several research analyst reports. Robert W. Baird increased their price objective on Piedmont Realty Trust from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, August 14th. Weiss Ratings cut shares of Piedmont Realty Trust from a "sell (d+)" rating to a "sell (d-)" rating in a report on Thursday, July 30th. Finally, Truist Financial reiterated a "buy" rating and issued a $11.00 price target (up from $10.00) on shares of Piedmont Realty Trust in a research report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $10.50.

About Piedmont Realty Trust

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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