Robeco Institutional Asset Management B.V. Has $4.48 Million Position in Piedmont Realty Trust, Inc. $PDM

Key Points

• Robeco Institutional Asset Management B.V. reduced its holdings in Piedmont Realty Trust by 13.5%, owning approximately 0.49% of the company, worth about $4.48 million after the sale of 96,011 shares.
• Analysts have mixed ratings for Piedmont Realty Trust, with one Buy, three Hold, and one Sell, and an average target price of $8.67 per share.
• Piedmont Realty Trust reported a loss for the last quarter, with earnings per share of $0.36, slightly above expectations, but revenue declined 2.1% year-over-year.

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Piedmont Realty Trust, Inc. (NYSE:PDM - Free Report) by 13.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 614,027 shares of the real estate investment trust's stock after selling 96,011 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.49% of Piedmont Realty Trust worth $4,476,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PDM. Nuveen LLC acquired a new stake in shares of Piedmont Realty Trust during the 1st quarter valued at about $5,764,000. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Piedmont Realty Trust by 48.0% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,222,986 shares of the real estate investment trust's stock valued at $9,013,000 after purchasing an additional 396,923 shares during the last quarter. Systematic Financial Management LP lifted its holdings in Piedmont Realty Trust by 20.6% during the 1st quarter. Systematic Financial Management LP now owns 1,446,437 shares of the real estate investment trust's stock valued at $10,660,000 after purchasing an additional 247,171 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Piedmont Realty Trust by 55.1% during the 1st quarter. SG Americas Securities LLC now owns 626,950 shares of the real estate investment trust's stock valued at $4,621,000 after purchasing an additional 222,789 shares during the last quarter. Finally, Strs Ohio bought a new position in Piedmont Realty Trust during the 1st quarter valued at about $1,305,000. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PDM. Wall Street Zen raised shares of Piedmont Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 23rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Piedmont Realty Trust in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. cut 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 report on Friday, June 13th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $8.67.

Piedmont Realty Trust Trading Down 1.0%

Shares of NYSE PDM opened at $8.65 on Tuesday. Piedmont Realty Trust, Inc. has a 1-year low of $5.46 and a 1-year high of $11.11. The company has a market cap of $1.08 billion, a PE ratio of -15.73 and a beta of 1.52. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average of $8.33 and a two-hundred day moving average of $7.50.

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

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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