Piedmont Realty Trust (NYSE:PDM) Updates FY 2025 Earnings Guidance

Key Points

• Piedmont Realty Trust updated its FY 2025 earnings guidance, projecting EPS between 1.380 and 1.440, slightly below the consensus estimate of 1.413.
• The company's stock price as of Monday was $7.47, with a market capitalization of approximately $929.34 million and a debt-to-equity ratio of 1.40.
• Recent insider activity included CFO Sherry L. Rexroad purchasing 16,850 shares at $5.95, increasing her holdings and reflecting confidence in the company's performance.

Piedmont Realty Trust (NYSE:PDM - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 1.380-1.440 for the period, compared to the consensus EPS estimate of 1.413. The company issued revenue guidance of -.

Piedmont Realty Trust Price Performance

NYSE PDM traded down $0.26 during trading hours on Wednesday, hitting $7.54. The company had a trading volume of 890,242 shares, compared to its average volume of 962,729. The firm has a 50 day simple moving average of $7.36 and a 200 day simple moving average of $7.34. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.79 and a current ratio of 1.79. Piedmont Realty Trust has a 52 week low of $5.46 and a 52 week high of $11.11. The firm has a market capitalization of $938.04 million, a price-to-earnings ratio of -13.71 and a beta of 1.43.

Piedmont Realty Trust (NYSE:PDM - Get Free Report) last announced its quarterly earnings results 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 firm 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 4.29%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. Equities research analysts expect that Piedmont Realty Trust will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PDM shares. Truist Financial dropped their target price on shares of Piedmont Realty Trust from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, May 20th. JPMorgan Chase & Co. dropped their price target on Piedmont Realty Trust from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Friday, June 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Piedmont Realty Trust currently has an average rating of "Hold" and an average price target of $8.67.

Insider Buying and Selling

In other news, CFO Sherry L. Rexroad acquired 16,850 shares of the stock in a transaction dated Thursday, May 1st. The stock was purchased at an average cost of $5.95 per share, with a total value of $100,257.50. Following the completion of the purchase, the chief financial officer owned 16,850 shares in the company, valued at approximately $100,257.50. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Piedmont Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in PDM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Piedmont Realty Trust by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 950,015 shares of the real estate investment trust's stock worth $7,002,000 after buying an additional 96,182 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Piedmont Realty Trust by 28.5% in the 1st quarter. AQR Capital Management LLC now owns 332,286 shares of the real estate investment trust's stock worth $2,449,000 after acquiring an additional 73,762 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Piedmont Realty Trust by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,346 shares of the real estate investment trust's stock worth $541,000 after acquiring an additional 3,187 shares in the last quarter. Institutional investors 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.