Piedmont Realty Trust (NYSE:PDM) Issues FY 2026 Earnings Guidance

Piedmont Realty Trust (NYSE:PDM) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.490-1.540 for the period, compared to the consensus estimate of 1.490. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several research firms have weighed in on PDM. Truist Financial decreased their price target on shares of Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Wall Street Zen raised shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Piedmont Realty Trust in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.00.

Piedmont Realty Trust Stock Up 1.8%

PDM stock traded up $0.15 during midday trading on Thursday, reaching $8.37. 1,671,494 shares of the company’s stock traded hands, compared to its average volume of 1,212,690. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -12.30 and a beta of 1.29. The firm’s fifty day moving average price is $7.24 and its 200-day moving average price is $7.97. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.49. Piedmont Realty Trust has a 52 week low of $5.93 and a 52 week high of $9.19.

Piedmont Realty Trust (NYSE:PDM) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.46). The business had revenue of $143.29 million during the quarter, compared to the consensus estimate of $113.05 million. Piedmont Realty Trust had a negative net margin of 14.80% and a negative return on equity of 5.44%. 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 will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of Piedmont Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in shares of 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. Balyasny Asset Management L.P. purchased a new position in shares of Piedmont Realty Trust during the fourth quarter valued at approximately $5,469,000. Lighthouse Investment Partners LLC bought a new stake in Piedmont Realty Trust during the third quarter worth $3,825,000. Arrowstreet Capital Limited Partnership grew its holdings in Piedmont Realty Trust by 101.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 834,157 shares of the real estate investment trust’s stock worth $6,081,000 after buying an additional 421,095 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Piedmont Realty Trust by 1,166.6% in the 2nd quarter. First Trust Advisors LP now owns 394,226 shares of the real estate investment trust’s stock valued at $2,874,000 after buying an additional 363,102 shares during the last quarter. 84.48% of the stock is 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.