Legal & General Group Plc Increases Stake in Piedmont Realty Trust, Inc. $PDM

Legal & General Group Plc raised its holdings in Piedmont Realty Trust, Inc. (NYSE:PDM) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 522,654 shares of the real estate investment trust’s stock after purchasing an additional 62,010 shares during the period. Legal & General Group Plc’s holdings in Piedmont Realty Trust were worth $4,359,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Piedmont Realty Trust in the third quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of Piedmont Realty Trust by 214.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 3,005 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Piedmont Realty Trust by 93.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,334 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 4,519 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Piedmont Realty Trust by 59.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 4,015 shares during the period. Finally, Sherry Group Inc. purchased a new stake in shares of Piedmont Realty Trust in the 4th quarter valued at $96,000. 84.48% of the stock is owned by institutional investors and hedge funds.

Piedmont Realty Trust Stock Up 1.1%

Shares of NYSE PDM opened at $8.94 on Tuesday. The stock has a market cap of $1.12 billion, a PE ratio of -12.76 and a beta of 1.38. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.52. Piedmont Realty Trust, Inc. has a 52-week low of $6.32 and a 52-week high of $9.19. The business has a 50-day moving average price of $7.84 and a 200 day moving average price of $7.98.

Piedmont Realty Trust (NYSE:PDM) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The firm had revenue of $143.29 million during the quarter, compared to analyst estimates of $128.67 million. Piedmont Realty Trust had a negative net margin of 15.28% and a negative return on equity of 5.70%. Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. Equities research analysts forecast that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PDM. Truist Financial cut their price objective on Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Piedmont Realty Trust has an average rating of “Hold” and a consensus target price of $9.00.

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.