Piedmont Realty Trust (NYSE:PDM) Sets New 52-Week High – Here’s Why

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

Analyst Ratings Changes

A number of research firms have recently issued reports on PDM. Wall Street Zen upgraded shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Truist Financial lowered their price target 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. Finally, Weiss Ratings raised Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. One 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.00.

Piedmont Realty Trust Stock Down 1.3%

The stock has a market capitalization of $1.14 billion, a P/E ratio of -13.02 and a beta of 1.38. 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 50 day simple moving average of $7.95 and a two-hundred day simple moving average of $8.00.

Piedmont Realty Trust (NYSE:PDM) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The firm had revenue of $143.29 million during the quarter, compared to the consensus estimate 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. On average, equities research analysts expect that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in Piedmont Realty Trust during the 3rd quarter worth $30,000. Kestra Advisory Services LLC bought a new position in Piedmont Realty Trust during the 4th quarter worth $30,000. EverSource Wealth Advisors LLC raised its position in Piedmont Realty Trust by 214.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 3,005 shares during the last quarter. Global Retirement Partners LLC raised its position in Piedmont Realty Trust by 93.9% during the 4th quarter. Global Retirement Partners LLC now owns 9,334 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 4,519 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Piedmont Realty Trust by 59.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 4,015 shares during the last quarter. 84.48% of the stock is owned by institutional investors.

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.