Piedmont Realty Trust (NYSE:PDM) Issues 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) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 1.380-1.440 for the period, compared to the consensus earnings per share estimate of 1.413. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Piedmont Realty Trust from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, May 20th. JPMorgan Chase & Co. decreased their price objective 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $8.67.

Piedmont Realty Trust Price Performance

Shares of Piedmont Realty Trust stock traded down $0.20 on Friday, hitting $7.36. The company's stock had a trading volume of 272,960 shares, compared to its average volume of 959,440. Piedmont Realty Trust has a 52-week low of $5.46 and a 52-week high of $11.11. The company has a quick ratio of 1.79, a current ratio of 1.67 and a debt-to-equity ratio of 1.41. The firm has a fifty day moving average price of $7.40 and a 200-day moving average price of $7.34. The company has a market capitalization of $915.82 million, a P/E ratio of -13.39 and a beta of 1.43.

Piedmont Realty Trust (NYSE:PDM - Get Free Report) last released its earnings results on Monday, July 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The company had revenue of $111.13 million for the quarter, compared to analyst estimates 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 firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. On average, equities research analysts expect that Piedmont Realty Trust will post 1.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PDM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Piedmont Realty Trust by 11.3% in the 1st 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 valued at $7,002,000 after purchasing an additional 96,182 shares in the last quarter. AQR Capital Management LLC lifted its holdings in 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 valued at $2,449,000 after purchasing an additional 73,762 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 valued at $541,000 after purchasing an additional 3,187 shares in the last quarter. 84.48% of the stock is currently owned by hedge funds and other institutional investors.

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.