Piedmont Realty Trust (NYSE:PDM) Posts Earnings Results, Misses Estimates By $0.03 EPS

Piedmont Realty Trust (NYSE:PDM) issued its quarterly earnings data on Tuesday. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03), FiscalAI reports. The company had revenue of $144.12 million during the quarter, compared to analysts’ expectations of $133.68 million. Piedmont Realty Trust had a negative net margin of 14.18% and a negative return on equity of 5.36%. Piedmont Realty Trust updated its FY 2026 guidance to 1.500-1.550 EPS.

Piedmont Realty Trust Price Performance

Shares of NYSE:PDM traded down $0.29 during trading on Thursday, reaching $9.62. The stock had a trading volume of 229,724 shares, compared to its average volume of 1,027,988. Piedmont Realty Trust has a 52 week low of $6.32 and a 52 week high of $10.13. The business’s 50-day moving average price is $9.14 and its 200 day moving average price is $8.23. The stock has a market capitalization of $1.20 billion, a PE ratio of -14.81 and a beta of 1.36. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.45 and a quick ratio of 1.45.

Wall Street Analyst Weigh In

Several research firms have issued reports on PDM. Weiss Ratings raised shares of Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Truist Financial reaffirmed a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Piedmont Realty Trust in a research note on Monday, June 15th. Finally, Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Piedmont Realty Trust currently has an average rating of “Hold” and an average price target of $11.00.

Institutional Investors Weigh In On Piedmont Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in shares of Piedmont Realty Trust in the 4th quarter valued at about $30,000. Advisory Services Network LLC acquired a new stake in Piedmont Realty Trust during the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC lifted its holdings in Piedmont Realty Trust by 214.6% during the second quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 3,005 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Piedmont Realty Trust by 59.7% in the second quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 4,015 shares during the period. Finally, Federation des caisses Desjardins du Quebec raised its position in shares of Piedmont Realty Trust by 26.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,854 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 2,058 shares during the period. 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.