SG Americas Securities LLC Decreases Stake in Piedmont Realty Trust, Inc. $PDM

SG Americas Securities LLC lessened its position in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 67.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,981 shares of the real estate investment trust’s stock after selling 319,329 shares during the period. SG Americas Securities LLC’s holdings in Piedmont Realty Trust were worth $1,005,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cohen & Steers Inc. raised its holdings in shares of Piedmont Realty Trust by 13.8% in the 4th quarter. Cohen & Steers Inc. now owns 6,698,202 shares of the real estate investment trust’s stock valued at $55,863,000 after purchasing an additional 812,700 shares in the last quarter. Wilsey Asset Management Inc. grew its stake in shares of Piedmont Realty Trust by 4.4% during the fourth quarter. Wilsey Asset Management Inc. now owns 4,240,902 shares of the real estate investment trust’s stock worth $35,369,000 after purchasing an additional 179,001 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $28,780,000 after buying an additional 296,114 shares during the last quarter. Centersquare Investment Management LLC increased its holdings 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 valued at $28,601,000 after buying an additional 2,080,658 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings 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 valued at $29,898,000 after buying an additional 248,993 shares during the last quarter. 84.48% of the stock is owned by hedge funds and other institutional investors.

Piedmont Realty Trust Trading Down 0.4%

Shares of Piedmont Realty Trust stock opened at $9.57 on Friday. The company has a fifty day simple moving average of $8.63 and a 200-day simple moving average of $8.08. Piedmont Realty Trust, Inc. has a 12-month low of $6.32 and a 12-month high of $9.71. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.52. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -13.67 and a beta of 1.36.

Piedmont Realty Trust (NYSE:PDM) last posted its earnings results 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). Piedmont Realty Trust had a negative net margin of 15.28% and a negative return on equity of 5.70%. The company had revenue of $143.29 million during the quarter, compared to analysts’ expectations of $128.67 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. On average, equities analysts forecast that Piedmont Realty Trust, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Finally, Truist Financial reiterated a “buy” rating and issued a $11.00 price objective (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 and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.00.

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.