Piedmont Realty Trust (NYSE:PDM) Price Target Raised to $11.00 at JPMorgan Chase & Co.

Piedmont Realty Trust (NYSE:PDM) had its target price upped by research analysts at JPMorgan Chase & Co. from $10.00 to $11.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 15.61% from the company’s current price.

PDM has been the topic of several other reports. Robert W. Baird raised their price objective on Piedmont Realty Trust from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Weiss Ratings cut shares of Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Finally, Truist Financial reaffirmed a “buy” rating and set a $11.00 target price (up from $10.00) on shares of Piedmont Realty Trust in a report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.67.

Piedmont Realty Trust Price Performance

Shares of Piedmont Realty Trust stock traded up $0.01 on Wednesday, hitting $9.52. The company’s stock had a trading volume of 585,928 shares, compared to its average volume of 1,032,936. The company has a market capitalization of $1.19 billion, a P/E ratio of -14.64 and a beta of 1.36. Piedmont Realty Trust has a 52-week low of $6.32 and a 52-week high of $10.13. The firm has a fifty day moving average price of $9.62 and a 200-day moving average price of $8.48. 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) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $144.12 million for the quarter, compared to analyst estimates of $133.68 million. Piedmont Realty Trust had a negative return on equity of 5.39% and a negative net margin of 14.18%.Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. On average, equities research analysts expect that Piedmont Realty Trust will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Piedmont Realty Trust

Several hedge funds have recently bought and sold shares of PDM. Advisory Services Network LLC acquired a new stake in shares of Piedmont Realty Trust in the third quarter worth about $30,000. Kestra Advisory Services LLC acquired a new stake in Piedmont Realty Trust during the fourth quarter worth $30,000. EverSource Wealth Advisors LLC boosted its position in shares of Piedmont Realty Trust by 214.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 3,005 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Piedmont Realty Trust by 93.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,334 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 4,519 shares during the period. Finally, Federation des caisses Desjardins du Quebec grew its position in Piedmont Realty Trust by 26.4% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,854 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 2,058 shares during the period. 84.48% of the stock is 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.