Piedmont Realty Trust (NYSE:PDM) Price Target Raised to $11.00

Piedmont Realty Trust (NYSE:PDM) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from $10.00 to $11.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 15.61% from the stock’s previous close.

A number of other research analysts have also recently issued reports on PDM. 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. Weiss Ratings lowered shares of Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Finally, Robert W. Baird upped their target price on Piedmont Realty Trust from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Piedmont Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $10.67.

Piedmont Realty Trust Trading Up 0.1%

Piedmont Realty Trust stock traded up $0.01 during mid-day trading on Wednesday, hitting $9.52. 585,928 shares of the company’s stock were exchanged, compared to its average volume of 1,032,936. Piedmont Realty Trust has a fifty-two week low of $6.32 and a fifty-two week high of $10.13. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $1.19 billion, a P/E ratio of -14.64 and a beta of 1.36. The company’s 50 day simple moving average is $9.62 and its 200-day simple moving average is $8.48.

Piedmont Realty Trust (NYSE:PDM) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Piedmont Realty Trust had a negative return on equity of 5.39% and a negative net margin of 14.18%.The business had revenue of $144.12 million for the quarter, compared to the consensus estimate of $133.68 million. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. On average, equities analysts anticipate that Piedmont Realty Trust will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On Piedmont Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Piedmont Realty Trust by 0.3% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 388,039 shares of the real estate investment trust’s stock worth $3,236,000 after buying an additional 1,300 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Piedmont Realty Trust by 2.9% in 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 during the period. DGS Capital Management LLC increased its stake in shares of Piedmont Realty Trust by 9.5% during the first quarter. DGS Capital Management LLC now owns 15,980 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 1,381 shares in the last quarter. Van ECK Associates Corp increased its position in Piedmont Realty Trust by 3.9% during 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 in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Piedmont Realty Trust by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 22,725 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 1,461 shares during the last quarter. 84.48% of the stock is currently owned by hedge funds and other institutional investors.

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.