Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in Piedmont Realty Trust, Inc. $PDM

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 13.9% in the third quarter, Holdings Channel.com reports. The firm owned 1,368,573 shares of the real estate investment trust’s stock after acquiring an additional 167,018 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Piedmont Realty Trust were worth $12,317,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. M&T Bank Corp boosted its holdings in 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 valued at $99,000 after purchasing an additional 1,540 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Piedmont Realty Trust by 3.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 73,194 shares of the real estate investment trust’s stock worth $534,000 after acquiring an additional 2,318 shares in the last quarter. Sonora Investment Management Group LLC raised its stake in shares of Piedmont Realty Trust by 2.0% in the 3rd quarter. Sonora Investment Management Group LLC now owns 127,900 shares of the real estate investment trust’s stock valued at $1,151,000 after purchasing an additional 2,500 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Piedmont Realty Trust by 6.2% in the second quarter. Daiwa Securities Group Inc. now owns 43,865 shares of the real estate investment trust’s stock valued at $320,000 after buying an additional 2,577 shares during the last quarter. Finally, Csenge Advisory Group lifted its holdings in Piedmont Realty Trust by 17.0% during the 3rd quarter. Csenge Advisory Group now owns 18,123 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 2,630 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Truist Financial increased their target price on shares of Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Piedmont Realty Trust in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.00.

Piedmont Realty Trust Stock Down 0.2%

Shares of PDM stock opened at $8.40 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market cap of $1.05 billion, a PE ratio of -14.73 and a beta of 1.26. The business’s fifty day moving average is $8.41 and its 200-day moving average is $8.26. Piedmont Realty Trust, Inc. has a 1 year low of $5.46 and a 1 year high of $9.19.

Piedmont Realty Trust (NYSE:PDM) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $110.75 million during the quarter, compared to analyst estimates of $141.46 million. Piedmont Realty Trust had a negative net margin of 12.44% and a negative return on equity of 4.51%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. Piedmont Realty Trust has set its FY 2025 guidance at 1.400-1.420 EPS. Equities analysts expect that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current fiscal year.

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.