Universal Beteiligungs und Servicegesellschaft mbH Grows Holdings in Piedmont Realty Trust, Inc. $PDM

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 710.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,201,555 shares of the real estate investment trust’s stock after buying an additional 1,053,256 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.97% of Piedmont Realty Trust worth $8,759,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in Piedmont Realty Trust in the second quarter worth $36,000. Wolverine Asset Management LLC bought a new position in shares of Piedmont Realty Trust during the 1st quarter valued at about $48,000. New Age Alpha Advisors LLC purchased a new position in shares of Piedmont Realty Trust during the 1st quarter valued at about $71,000. Arkadios Wealth Advisors raised its holdings in shares of Piedmont Realty Trust by 13.0% during the 1st quarter. Arkadios Wealth Advisors now owns 13,002 shares of the real estate investment trust’s stock valued at $96,000 after buying an additional 1,500 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Piedmont Realty Trust in the 2nd quarter worth approximately $127,000. 84.48% of the stock is owned by institutional investors.

Piedmont Realty Trust Price Performance

PDM stock opened at $8.02 on Friday. The stock has a market capitalization of $998.02 million, a price-to-earnings ratio of -14.06 and a beta of 1.48. The firm’s 50-day moving average price is $8.45 and its two-hundred day moving average price is $7.84. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.43. Piedmont Realty Trust, Inc. has a 12-month low of $5.46 and a 12-month high of $10.02.

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

Analyst Upgrades and Downgrades

PDM has been the topic of a number of recent research reports. Truist Financial set a $9.00 price target on shares of Piedmont Realty Trust in a research report on Tuesday, October 28th. Wall Street Zen raised shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Piedmont Realty Trust in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.67.

Piedmont Realty Trust Profile

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.