Truist Financial Reiterates Buy Rating for Piedmont Realty Trust (NYSE:PDM)

Piedmont Realty Trust (NYSE:PDM)‘s stock had its “buy” rating restated by research analysts at Truist Financial in a research note issued on Monday,Benzinga reports. They currently have a $11.00 price target on the real estate investment trust’s stock, up from their prior price target of $10.00. Truist Financial’s price target points to a potential upside of 20.84% from the company’s current price.

PDM has been the subject of a number of other 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. One equities research 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 price target of $11.00.

Piedmont Realty Trust Stock Up 0.0%

NYSE PDM opened at $9.10 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $1.14 billion, a P/E ratio of -13.00 and a beta of 1.38. Piedmont Realty Trust has a one year low of $6.32 and a one year high of $9.44. The stock has a 50 day moving average price of $8.05 and a 200-day moving average price of $8.01.

Piedmont Realty Trust (NYSE:PDM) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The company 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 analysts predict that Piedmont Realty Trust will post 1.5 EPS for the current fiscal year.

Institutional Trading of Piedmont Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cohen & Steers Inc. increased its stake in Piedmont Realty Trust by 13.8% in the fourth quarter. Cohen & Steers Inc. now owns 6,698,202 shares of the real estate investment trust’s stock worth $55,863,000 after purchasing an additional 812,700 shares during the period. Wilsey Asset Management Inc. increased its stake in Piedmont Realty Trust by 15.4% in the first quarter. Wilsey Asset Management Inc. now owns 4,892,550 shares of the real estate investment trust’s stock worth $32,144,000 after purchasing an additional 651,648 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Piedmont Realty Trust by 9.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,450,821 shares of the real estate investment trust’s stock worth $28,780,000 after purchasing an additional 296,114 shares during the period. Centersquare Investment Management LLC increased its stake in Piedmont Realty Trust by 154.3% in the fourth quarter. Centersquare Investment Management LLC now owns 3,429,364 shares of the real estate investment trust’s stock worth $28,601,000 after purchasing an additional 2,080,658 shares during the period. Finally, Wellington Management Group LLP increased its stake in Piedmont Realty Trust by 8.1% in the third quarter. Wellington Management Group LLP now owns 3,322,045 shares of the real estate investment trust’s stock worth $29,898,000 after purchasing an additional 248,993 shares during the period. Hedge funds and other institutional investors own 84.48% of the company’s stock.

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.