Centersquare Investment Management LLC Raises Stock Holdings in Piedmont Realty Trust, Inc. $PDM

Centersquare Investment Management LLC grew its stake in Piedmont Realty Trust, Inc. (NYSE:PDM) by 154.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,429,364 shares of the real estate investment trust’s stock after acquiring an additional 2,080,658 shares during the quarter. Centersquare Investment Management LLC’s holdings in Piedmont Realty Trust were worth $28,601,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Piedmont Realty Trust by 0.3% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 388,039 shares of the real estate investment trust’s stock valued at $3,236,000 after acquiring an additional 1,300 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Piedmont Realty Trust by 2.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 46,683 shares of the real estate investment trust’s stock valued at $389,000 after acquiring an additional 1,321 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of Piedmont Realty Trust by 2.1% in the fourth quarter. Merit Financial Group LLC now owns 67,292 shares of the real estate investment trust’s stock valued at $561,000 after acquiring an additional 1,356 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Piedmont Realty Trust by 3.9% in the third quarter. Van ECK Associates Corp now owns 36,743 shares of the real estate investment trust’s stock valued at $330,000 after acquiring an additional 1,387 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Piedmont Realty Trust by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 22,725 shares of the real estate investment trust’s stock valued at $190,000 after acquiring an additional 1,461 shares in the last quarter. 84.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PDM has been the topic of several recent analyst reports. Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Truist Financial reduced their target price 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. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.00.

Piedmont Realty Trust Stock Performance

NYSE PDM opened at $8.99 on Friday. The business’s 50-day moving average price is $8.00 and its 200 day moving average price is $8.00. Piedmont Realty Trust, Inc. has a twelve month low of $6.32 and a twelve month high of $9.44. The company has a market capitalization of $1.12 billion, a PE ratio of -12.85 and a beta of 1.38. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.52.

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 the consensus estimate of ($0.03) by ($0.07). The firm had revenue of $143.29 million for the quarter, compared to analyst estimates of $128.67 million. Piedmont Realty Trust had a negative return on equity of 5.70% and a negative net margin of 15.28%.Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. On average, research analysts predict that Piedmont Realty Trust, Inc. will post 1.49 earnings per share for the current year.

Piedmont Realty Trust 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.