Piedmont Realty Trust (NYSE:PDM) Hits New 12-Month High – Should You Buy?

Piedmont Realty Trust, Inc. (NYSE:PDM) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.78 and last traded at $9.7940, with a volume of 64713 shares trading hands. The stock had previously closed at $9.55.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PDM shares. Wall Street Zen upgraded shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. 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. Finally, Weiss Ratings upgraded shares of Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Piedmont Realty Trust presently has a consensus rating of “Hold” and an average target price of $11.00.

Piedmont Realty Trust Trading Up 1.9%

The stock has a market capitalization of $1.23 billion, a P/E ratio of -14.09 and a beta of 1.36. The stock’s 50 day moving average price is $8.85 and its 200-day moving average price is $8.15. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.52.

Piedmont Realty Trust (NYSE:PDM) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The business had revenue of $143.29 million during the quarter, compared to the consensus estimate of $128.67 million. Piedmont Realty Trust had a negative return on equity of 5.70% and a negative net margin of 15.28%.Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. As a group, equities research analysts expect that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current year.

Institutional Investors Weigh In On Piedmont Realty Trust

A number of hedge funds have recently made changes to their positions in PDM. AQR Capital Management LLC grew its stake in 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 valued at $2,449,000 after purchasing an additional 73,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Piedmont Realty Trust by 4.5% during the first 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 buying an additional 3,187 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 valued at $7,002,000 after buying an additional 96,182 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Piedmont Realty Trust by 18.0% in the 2nd quarter. Cetera Investment Advisers now owns 43,285 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 6,603 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Piedmont Realty Trust in the 2nd quarter worth approximately $813,000. 84.48% of the stock is currently owned by hedge funds and other institutional investors.

Piedmont Realty Trust Company Profile

Piedmont Realty Trust is a real estate investment trust (REIT) headquartered in Atlanta, Georgia, that focuses on the ownership, acquisition and management of office properties. The company’s portfolio comprises a mix of multi-tenant and single-tenant buildings, with a particular emphasis on small- to mid-size office campuses and urban infill properties. Piedmont Realty Trust structures its leases and property services to support a diversified base of tenants, including professional services firms, government agencies and technology companies.

The company’s operating model combines property management, leasing and strategic capital allocation to enhance asset value and drive income stability.