Hussman Strategic Advisors Inc. Makes New $765,000 Investment in Piedmont Realty Trust, Inc. $PDM

Hussman Strategic Advisors Inc. purchased a new position in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 105,000 shares of the real estate investment trust’s stock, valued at approximately $765,000. Hussman Strategic Advisors Inc. owned approximately 0.08% of Piedmont Realty Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PDM. Nuveen LLC bought a new stake in Piedmont Realty Trust during the first quarter worth $5,764,000. Wolverine Asset Management LLC raised its position in Piedmont Realty Trust by 6,504.1% during the second quarter. Wolverine Asset Management LLC now owns 433,094 shares of the real estate investment trust’s stock worth $3,157,000 after acquiring an additional 426,536 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position 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 worth $9,013,000 after acquiring an additional 396,923 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Piedmont Realty Trust during the second quarter worth $2,819,000. Finally, Systematic Financial Management LP raised 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 acquiring an additional 247,171 shares in the last quarter. 84.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Piedmont Realty Trust in a research report on Wednesday, October 8th. Finally, Truist Financial set a $9.00 price objective on shares of Piedmont Realty Trust in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.67.

Piedmont Realty Trust Price Performance

NYSE:PDM opened at $8.11 on Wednesday. Piedmont Realty Trust, Inc. has a 52 week low of $5.46 and a 52 week high of $10.72. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -14.23 and a beta of 1.52. The firm’s 50-day simple moving average is $8.54 and its 200 day simple moving average is $7.72. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.67 and a current ratio of 1.67.

Piedmont Realty Trust (NYSE:PDM) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Piedmont Realty Trust had a negative net margin of 12.44% and a negative return on equity of 4.51%. The business had revenue of $110.75 million for the quarter, compared to analyst estimates of $141.46 million. During the same period last year, the firm earned $0.36 earnings per share. Piedmont Realty Trust’s revenue for the quarter was down .1% compared to the same quarter last year. Piedmont Realty Trust has set its FY 2025 guidance at 1.400-1.420 EPS. As a group, sell-side analysts predict that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current year.

About Piedmont Realty Trust

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.