Wolverine Asset Management LLC Has $2.84 Million Position in Piedmont Realty Trust, Inc. $PDM

Key Points

• Wolverine Asset Management cut its stake in Piedmont Realty Trust by 47.8% in Q4 and now owns 340,925 shares worth about $2.84 million (≈0.27% of the company).
• Piedmont reported an EPS miss of ($0.10) versus ($0.03) expected while revenue beat at $143.3 million, and it issued FY2026 guidance of 1.490–1.540 EPS.
• Analyst sentiment is mixed with a consensus "Hold" and $9.00 price target, ranging from a Weiss "sell (D-)" to Truist's "buy" (price target lowered to $10).

Wolverine Asset Management LLC reduced its position in shares of Piedmont Realty Trust, Inc. (NYSE:PDM - Free Report) by 47.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 340,925 shares of the real estate investment trust's stock after selling 311,587 shares during the period. Wolverine Asset Management LLC owned approximately 0.27% of Piedmont Realty Trust worth $2,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in Piedmont Realty Trust in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC increased its holdings in 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 worth $32,000 after purchasing an additional 3,005 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Piedmont Realty Trust by 79.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,444 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 3,299 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 worth $78,000 after purchasing an additional 4,015 shares in the last quarter. Finally, Pitcairn Co. acquired a new position in Piedmont Realty Trust in the 2nd quarter worth about $96,000. 84.48% of the stock is owned by institutional investors and hedge funds.

Piedmont Realty Trust Stock Performance

Shares of Piedmont Realty Trust stock opened at $8.09 on Tuesday. The company has a market cap of $1.01 billion, a PE ratio of -11.55 and a beta of 1.40. Piedmont Realty Trust, Inc. has a 52 week low of $6.32 and a 52 week high of $9.19. The business has a 50 day moving average price of $7.24 and a 200-day moving average price of $7.97. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.52.

Piedmont Realty Trust (NYSE:PDM - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The company had revenue of $143.29 million during the quarter, compared to analysts' expectations of $128.67 million. Piedmont Realty Trust had a negative return on equity of 5.70% and a negative net margin of 15.28%.Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. Equities analysts anticipate that Piedmont Realty Trust, Inc. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PDM shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Piedmont Realty Trust in a research report on Tuesday, April 21st. Wall Street Zen upgraded Piedmont Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. Finally, Truist Financial dropped their price target on Piedmont Realty Trust from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, March 9th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.00.

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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