Piedmont Realty Trust, Inc. (NYSE:PDM) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Piedmont Realty Trust has a consensus recommendation of "Hold" from analysts, with one sell, three hold, and one buy rating among the five firms covering the stock.
• The average target price for Piedmont Realty Trust's stock is $8.67, with recent trading showing a slight increase to $8.74.
• Recently announced earnings revealed a quarterly EPS of $0.36, slightly above estimates, but a 2.1% decline in revenue year-over-year, reflecting ongoing challenges for the company.

Piedmont Realty Trust, Inc. (NYSE:PDM - Get Free Report) has received an average recommendation of "Hold" from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $8.6667.

PDM has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Piedmont Realty Trust in a research note on Saturday, September 27th. JPMorgan Chase & Co. reduced 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. Finally, Wall Street Zen upgraded shares of Piedmont Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 23rd.

Piedmont Realty Trust Trading Up 0.1%

Shares of Piedmont Realty Trust stock traded up $0.01 during trading hours on Friday, hitting $8.74. The company's stock had a trading volume of 526,758 shares, compared to its average volume of 938,759. The company has a market capitalization of $1.09 billion, a PE ratio of -15.88 and a beta of 1.52. The business has a fifty day moving average of $8.28 and a 200 day moving average of $7.48. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.41. Piedmont Realty Trust 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 earnings results on Monday, July 28th. The real estate investment trust reported $0.36 earnings per share 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 business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. Piedmont Realty Trust has set its FY 2025 guidance at 1.380-1.440 EPS. As a group, equities analysts forecast that Piedmont Realty Trust will post 1.41 EPS for the current year.

Institutional Trading of Piedmont Realty Trust

Large investors have recently modified their holdings of the company. Private Management Group Inc. increased its holdings in shares of Piedmont Realty Trust by 4.1% in the 1st quarter. Private Management Group Inc. now owns 4,074,332 shares of the real estate investment trust's stock worth $30,028,000 after acquiring an additional 160,453 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its stake 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 buying an additional 396,923 shares during the period. GAMMA Investing LLC increased its stake in Piedmont Realty Trust by 540.9% during the 1st quarter. GAMMA Investing LLC now owns 23,636 shares of the real estate investment trust's stock valued at $174,000 after buying an additional 19,948 shares during the period. Sonora Investment Management Group LLC acquired a new position in Piedmont Realty Trust during the 1st quarter valued at about $295,000. Finally, Teacher Retirement System of Texas acquired a new position in Piedmont Realty Trust during the 1st quarter valued at about $134,000. Institutional investors and hedge funds own 84.48% of the company's stock.

About Piedmont Realty Trust

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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