Legal & General Group Plc Boosts Holdings in Piedmont Realty Trust, Inc. $PDM

Legal & General Group Plc raised its position in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 13.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,654 shares of the real estate investment trust’s stock after acquiring an additional 62,010 shares during the period. Legal & General Group Plc owned approximately 0.42% of Piedmont Realty Trust worth $4,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Piedmont Realty Trust by 8.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,490,514 shares of the real estate investment trust’s stock worth $12,451,000 after acquiring an additional 121,941 shares in the last quarter. Wilsey Asset Management Inc. raised its holdings in shares of Piedmont Realty Trust by 4.4% during the 4th quarter. Wilsey Asset Management Inc. now owns 4,240,902 shares of the real estate investment trust’s stock worth $35,369,000 after acquiring an additional 179,001 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in Piedmont Realty Trust during the 3rd quarter valued at $622,000. Centersquare Investment Management LLC purchased a new stake in Piedmont Realty Trust during the 3rd quarter valued at $12,138,000. Finally, JPMorgan Chase & Co. raised its holdings in Piedmont Realty Trust by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,221,209 shares of the real estate investment trust’s stock valued at $19,991,000 after buying an additional 255,519 shares during the period. 84.48% of the stock is owned by hedge funds and other institutional investors.

Piedmont Realty Trust Trading Up 1.1%

NYSE PDM opened at $8.94 on Tuesday. 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 firm has a market cap of $1.12 billion, a PE ratio of -12.76 and a beta of 1.38. The company has a 50 day moving average price of $7.84 and a 200 day moving average price of $7.98. Piedmont Realty Trust, Inc. has a 52 week low of $6.32 and a 52 week high of $9.19.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen upgraded Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings raised Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Finally, Truist Financial cut their price objective on Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. One equities research 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 stock currently has a consensus rating of “Hold” and an average price target of $9.00.

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.