Systematic Financial Management LP Boosts Stake in Piedmont Realty Trust, Inc. $PDM

Systematic Financial Management LP raised its holdings in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 6.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,676,141 shares of the real estate investment trust’s stock after acquiring an additional 98,860 shares during the period. Systematic Financial Management LP’s holdings in Piedmont Realty Trust were worth $13,979,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PDM. Ameriprise Financial Inc. grew its position in Piedmont Realty Trust by 368.8% during the second quarter. Ameriprise Financial Inc. now owns 2,046,431 shares of the real estate investment trust’s stock worth $14,262,000 after buying an additional 1,609,919 shares in the last quarter. Centersquare Investment Management LLC purchased a new position in Piedmont Realty Trust during the third quarter worth about $12,138,000. Lighthouse Investment Partners LLC purchased a new position in Piedmont Realty Trust during the third quarter worth about $3,825,000. Arrowstreet Capital Limited Partnership grew its position in Piedmont Realty Trust by 101.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 834,157 shares of the real estate investment trust’s stock worth $6,081,000 after buying an additional 421,095 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Piedmont Realty Trust by 1,166.6% during the second quarter. First Trust Advisors LP now owns 394,226 shares of the real estate investment trust’s stock worth $2,874,000 after buying an additional 363,102 shares in the last quarter. 84.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PDM shares. Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Truist Financial reduced their target price on Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Finally, Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.00.

Piedmont Realty Trust Trading Up 0.3%

Shares of PDM stock opened at $8.22 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.52. The business has a 50-day moving average price of $7.43 and a two-hundred day moving average price of $7.96. Piedmont Realty Trust, Inc. has a 12-month low of $6.32 and a 12-month high of $9.19. The firm has a market cap of $1.03 billion, a P/E ratio of -11.75 and a beta of 1.40.

Piedmont Realty Trust (NYSE:PDM) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The company had revenue of $143.29 million for the quarter, compared to analysts’ expectations of $128.67 million. Piedmont Realty Trust had a negative net margin of 15.28% and a negative return on equity of 5.70%. Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. Equities analysts anticipate that Piedmont Realty Trust, Inc. will post 1.5 EPS for the current fiscal year.

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.