Piedmont Realty Trust, Inc. (NYSE:PDM - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.60 and traded as high as $9.48. Piedmont Realty Trust shares last traded at $9.4050, with a volume of 1,166,328 shares changing hands.
Analyst Ratings Changes
PDM has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of Piedmont Realty Trust from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, September 9th. Weiss Ratings downgraded shares of Piedmont Realty Trust from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Thursday, July 30th. Robert W. Baird boosted their price objective on shares of Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. Finally, Truist Financial reissued a "buy" rating and issued a $11.00 price objective (up from $10.00) on shares of Piedmont Realty Trust in a research report on Monday, June 15th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.67.
Read Our Latest Research Report on PDM
Piedmont Realty Trust Trading Up 0.8%
The firm has a market cap of $1.18 billion, a P/E ratio of -14.47 and a beta of 1.36. The business's 50 day moving average is $9.60 and its 200-day moving average is $8.60. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.53.
Piedmont Realty Trust (NYSE:PDM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). The company had revenue of $144.12 million for the quarter, compared to the consensus estimate of $133.68 million. Piedmont Realty Trust had a negative net margin of 14.18% and a negative return on equity of 5.39%. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, analysts forecast that Piedmont Realty Trust, Inc. will post 1.52 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Piedmont Realty Trust
A number of hedge funds have recently bought and sold shares of PDM. Global Retirement Partners LLC lifted its stake in Piedmont Realty Trust by 93.9% during the fourth quarter. Global Retirement Partners LLC now owns 9,334 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 4,519 shares during the last quarter. Readystate Asset Management LP bought a new stake in Piedmont Realty Trust during the second quarter valued at $94,000. DGS Capital Management LLC increased its stake in Piedmont Realty Trust by 9.5% during the first quarter. DGS Capital Management LLC now owns 15,980 shares of the real estate investment trust's stock valued at $105,000 after purchasing an additional 1,381 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Piedmont Realty Trust during the second quarter worth $168,000. Finally, HB Wealth Management LLC acquired a new stake in shares of Piedmont Realty Trust during the second quarter worth $204,000. 84.48% of the stock is currently owned by institutional investors and hedge funds.
Piedmont Realty Trust Company Profile
(
Get Free Report)
Piedmont Office Realty Trust, Inc is a self-managed real estate investment trust that owns, leases and manages primarily Class A office properties. The company provides office space and related property services to corporate and institutional tenants, with an emphasis on well-located buildings in major U.S. business markets.
Piedmont's portfolio has historically been concentrated in Sun Belt and other strategic office markets, including Atlanta, Boston, Dallas, Northern Virginia, Orlando, Southern California and the Washington, DC, area.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Piedmont Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Piedmont Realty Trust wasn't on the list.
While Piedmont Realty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.
This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
