Piedmont Realty Trust (PDM) Projected to Post Earnings on Monday

Piedmont Realty Trust (NYSE:PDM - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results after the market closes on Monday, July 28th. Analysts expect Piedmont Realty Trust to post earnings of $0.35 per share and revenue of $141.96 million for the quarter. Piedmont Realty Trust has set its FY 2025 guidance at 1.380-1.440 EPS.

Piedmont Realty Trust (NYSE:PDM - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The business had revenue of $136.06 million during the quarter, compared to the consensus estimate of $141.29 million. Piedmont Realty Trust had a negative return on equity of 3.82% and a negative net margin of 10.80%. Piedmont Realty Trust's quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. On average, analysts expect Piedmont Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Piedmont Realty Trust Trading Down 0.3%

PDM traded down $0.03 during midday trading on Thursday, hitting $7.57. 1,143,662 shares of the company were exchanged, compared to its average volume of 743,078. The firm's 50 day moving average price is $7.32 and its 200-day moving average price is $7.37. Piedmont Realty Trust has a 1-year low of $5.46 and a 1-year high of $11.11. The firm has a market capitalization of $941.16 million, a P/E ratio of -15.44 and a beta of 1.43. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.40.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Truist Financial decreased their target price on 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. reduced 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 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 company. According to data from MarketBeat.com, Piedmont Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $8.67.

Insider Activity

In related news, CFO Sherry L. Rexroad bought 16,850 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average price of $5.95 per share, for a total transaction of $100,257.50. Following the completion of the acquisition, the chief financial officer owned 16,850 shares of the company's stock, valued at $100,257.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.29% of the stock is currently owned by insiders.

Institutional Trading of Piedmont Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. 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 worth $541,000 after purchasing an additional 3,187 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Piedmont Realty Trust by 28.5% in the first quarter. AQR Capital Management LLC now owns 332,286 shares of the real estate investment trust's stock worth $2,449,000 after buying an additional 73,762 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Piedmont Realty Trust by 11.3% during 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 acquiring an additional 96,182 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors.

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.