Piedmont Realty Trust (NYSE:PDM) Reaches New 52-Week High – Still a Buy?

Piedmont Realty Trust, Inc. (NYSE:PDM) shares reached a new 52-week high on Tuesday . The company traded as high as $9.26 and last traded at $9.3150, with a volume of 100889 shares changing hands. The stock had previously closed at $8.92.

Analyst Upgrades and Downgrades

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

Piedmont Realty Trust Stock Performance

The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -13.16 and a beta of 1.38. The company has a fifty day moving average of $7.84 and a two-hundred day moving average of $7.98. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.45 and a current ratio of 1.45.

Piedmont Realty Trust (NYSE:PDM) last posted its quarterly earnings data 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 firm had revenue of $143.29 million for the quarter, compared to the consensus estimate of $128.67 million. Piedmont Realty Trust had a negative return on equity of 5.70% and a negative net margin of 15.28%.Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. As a group, equities research analysts predict that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Cohen & Steers Inc. increased its position in Piedmont Realty Trust by 13.8% during the 4th quarter. Cohen & Steers Inc. now owns 6,698,202 shares of the real estate investment trust’s stock worth $55,863,000 after buying an additional 812,700 shares during the period. Wilsey Asset Management Inc. increased its position in Piedmont Realty Trust by 15.4% during the 1st quarter. Wilsey Asset Management Inc. now owns 4,892,550 shares of the real estate investment trust’s stock worth $32,144,000 after buying an additional 651,648 shares during the period. LSV Asset Management increased its position in Piedmont Realty Trust by 0.6% during the 3rd quarter. LSV Asset Management now owns 4,095,654 shares of the real estate investment trust’s stock worth $36,861,000 after buying an additional 23,925 shares during the period. Charles Schwab Investment Management Inc. increased its position in Piedmont Realty Trust by 9.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,450,821 shares of the real estate investment trust’s stock worth $28,780,000 after buying an additional 296,114 shares during the period. Finally, Centersquare Investment Management LLC increased its position in Piedmont Realty Trust by 154.3% during the 4th quarter. Centersquare Investment Management LLC now owns 3,429,364 shares of the real estate investment trust’s stock worth $28,601,000 after buying an additional 2,080,658 shares during the period. Institutional investors own 84.48% of the company’s stock.

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.