Aberdeen Group plc Has $254,000 Holdings in Piedmont Realty Trust, Inc. $PDM

Aberdeen Group plc boosted its holdings in shares of Piedmont Realty Trust, Inc. (NYSE:PDMFree Report) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,778 shares of the real estate investment trust’s stock after buying an additional 2,984 shares during the quarter. Aberdeen Group plc’s holdings in Piedmont Realty Trust were worth $254,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wilsey Asset Management Inc. lifted its position in shares of Piedmont Realty Trust by 2.6% in the second quarter. Wilsey Asset Management Inc. now owns 4,115,288 shares of the real estate investment trust’s stock worth $30,000,000 after buying an additional 103,658 shares during the last quarter. Private Management Group Inc. lifted its holdings in Piedmont Realty Trust by 4.1% in the 1st quarter. Private Management Group Inc. now owns 4,074,332 shares of the real estate investment trust’s stock worth $30,028,000 after purchasing an additional 160,453 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Piedmont Realty Trust by 1.3% in the 1st quarter. Wellington Management Group LLP now owns 2,134,947 shares of the real estate investment trust’s stock worth $15,735,000 after purchasing an additional 28,088 shares during the last quarter. Systematic Financial Management LP boosted its position in Piedmont Realty Trust by 20.6% during the first quarter. Systematic Financial Management LP now owns 1,446,437 shares of the real estate investment trust’s stock worth $10,660,000 after purchasing an additional 247,171 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its holdings in Piedmont Realty Trust by 48.0% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,222,986 shares of the real estate investment trust’s stock valued at $9,013,000 after purchasing an additional 396,923 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PDM. Wall Street Zen upgraded shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Piedmont Realty Trust in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.67.

View Our Latest Stock Analysis on PDM

Piedmont Realty Trust Stock Up 0.4%

PDM opened at $8.19 on Friday. The business has a 50 day moving average of $8.44 and a 200-day moving average of $7.55. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -14.88 and a beta of 1.52. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.41. Piedmont Realty Trust, Inc. has a 1-year low of $5.46 and a 1-year high of $11.11.

Piedmont Realty Trust (NYSE:PDMGet Free Report) last released its earnings results on Monday, July 28th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Piedmont Realty Trust had a negative net margin of 12.10% and a negative return on equity of 4.32%. The firm had revenue of $111.13 million during the quarter, compared to analysts’ expectations of $141.96 million. During the same period in the prior year, the company earned $0.37 EPS. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. Piedmont Realty Trust has set its FY 2025 guidance at 1.380-1.440 EPS. As a group, sell-side analysts anticipate that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Piedmont Realty Trust Company Profile

(Free Report)

Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.

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Institutional Ownership by Quarter for Piedmont Realty Trust (NYSE:PDM)

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