Piedmont Realty Trust, Inc. $PDM Shares Purchased by Cohen & Steers Inc.

Cohen & Steers Inc. increased its holdings in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 13.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,698,202 shares of the real estate investment trust’s stock after buying an additional 812,700 shares during the period. Cohen & Steers Inc. owned about 0.05% of Piedmont Realty Trust worth $55,863,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Piedmont Realty Trust during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC grew 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 during the period. Global Retirement Partners LLC grew its position in shares of Piedmont Realty Trust by 93.9% during 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 acquiring an additional 4,519 shares during the period. Federation des caisses Desjardins du Quebec grew its position in shares of Piedmont Realty Trust by 26.4% during the 4th 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. Finally, BNP Paribas Financial Markets grew its position in shares of Piedmont Realty Trust by 59.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 4,015 shares during the period. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Piedmont Realty Trust Trading Up 1.3%

PDM stock opened at $9.10 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.52. Piedmont Realty Trust, Inc. has a 12-month low of $6.32 and a 12-month high of $9.44. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -13.00 and a beta of 1.38. The business’s 50-day moving average is $8.05 and its 200 day moving average is $8.01.

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

Analyst Ratings Changes

PDM has been the topic of a number of analyst reports. Wall Street Zen upgraded Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Finally, Truist Financial dropped their target price on Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.

About Piedmont Realty Trust

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.