Piedmont Realty Trust (NYSE:PDM) Price Target Raised to $10.00 at Robert W. Baird

Piedmont Realty Trust (NYSE:PDM) had its price target upped by Robert W. Baird from $9.00 to $10.00 in a report published on Friday,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on PDM. Weiss Ratings cut shares of Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Truist Financial reiterated a “buy” rating and set a $11.00 price target (up from $10.00) on shares of Piedmont Realty Trust in a report on Monday, June 15th. 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. Based on data from MarketBeat.com, Piedmont Realty Trust presently has an average rating of “Hold” and an average price target of $10.50.

Piedmont Realty Trust Trading Down 1.3%

Piedmont Realty Trust stock opened at $9.49 on Friday. Piedmont Realty Trust has a 12 month low of $6.32 and a 12 month high of $10.13. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -14.61 and a beta of 1.35. The business’s fifty day simple moving average is $9.42 and its two-hundred day simple moving average is $8.33. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.53.

Piedmont Realty Trust (NYSE:PDM) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $144.12 million for the quarter, compared to the consensus estimate of $133.68 million. Piedmont Realty Trust had a negative net margin of 14.18% and a negative return on equity of 5.39%. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, equities analysts predict that Piedmont Realty Trust will post 1.52 earnings per share for the current fiscal year.

Institutional Trading of Piedmont Realty Trust

A number of large investors have recently made changes to their positions in the stock. Centersquare Investment Management LLC grew its holdings in shares of Piedmont Realty Trust by 154.3% in the fourth quarter. Centersquare Investment Management LLC now owns 3,429,364 shares of the real estate investment trust’s stock worth $28,601,000 after acquiring an additional 2,080,658 shares during the period. Donald Smith & CO. Inc. bought a new position in Piedmont Realty Trust in the second quarter valued at about $17,788,000. Ameriprise Financial Inc. boosted its position in Piedmont Realty Trust by 368.8% in 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 purchasing an additional 1,609,919 shares during the last quarter. Cohen & Steers Inc. grew its stake in shares of 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 valued at $55,863,000 after purchasing an additional 812,700 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Piedmont Realty Trust during the 4th quarter valued at about $5,469,000. 84.48% of the stock is currently owned by institutional investors.

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.