Piedmont Realty Trust (NYSE:PDM) Issues Quarterly Earnings Results

Piedmont Realty Trust (NYSE:PDM) released its quarterly earnings data on Tuesday. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03), FiscalAI reports. 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 $144.12 million for the quarter, compared to analysts’ expectations of $133.68 million. Piedmont Realty Trust updated its FY 2026 guidance to 1.500-1.550 EPS.

Piedmont Realty Trust Price Performance

Shares of PDM opened at $10.05 on Wednesday. The firm has a 50-day simple moving average of $9.10 and a two-hundred day simple moving average of $8.22. The stock has a market cap of $1.26 billion, a PE ratio of -14.41 and a beta of 1.36. Piedmont Realty Trust has a 1-year low of $6.32 and a 1-year high of $9.99. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.45 and a quick ratio of 1.45.

Institutional Trading of Piedmont Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of PDM. Daiwa Securities Group Inc. lifted its holdings in Piedmont Realty Trust by 2.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 46,683 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 1,321 shares in the last quarter. Van ECK Associates Corp boosted its position in Piedmont Realty Trust by 3.9% in the 3rd quarter. Van ECK Associates Corp now owns 36,743 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 1,387 shares during the period. M&T Bank Corp grew its stake in shares of Piedmont Realty Trust by 12.8% in the second quarter. M&T Bank Corp now owns 13,549 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 1,540 shares in the last quarter. Inceptionr LLC grew its stake in shares of Piedmont Realty Trust by 8.0% in the third quarter. Inceptionr LLC now owns 24,049 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 1,774 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its position in shares of Piedmont Realty Trust by 26.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,854 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 2,058 shares during the period. 84.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PDM shares. Wall Street Zen raised shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research note 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 note on Monday, June 15th. Finally, Weiss Ratings raised shares of Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Piedmont Realty Trust has an average rating of “Hold” and an average price target of $11.00.

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.