Piedmont Realty Trust (NYSE:PDM) Reaches New 52-Week High – Still a Buy?

Shares of Piedmont Realty Trust, Inc. (NYSE:PDM) reached a new 52-week high on Tuesday . The stock traded as high as $9.26 and last traded at $9.3150, with a volume of 100889 shares traded. The stock had previously closed at $8.92.

Analyst Upgrades and Downgrades

PDM has been the topic of a number of 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 decreased their price target 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 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. According to MarketBeat, Piedmont Realty Trust has a consensus rating of “Hold” and a consensus target price of $9.00.

Piedmont Realty Trust Stock Up 3.5%

The stock has a 50-day moving average of $7.84 and a 200 day moving average of $7.98. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $1.15 billion, a P/E ratio of -13.16 and a beta of 1.38.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amundi grew its position in Piedmont Realty Trust by 12.4% in the first quarter. Amundi now owns 74,381 shares of the real estate investment trust’s stock valued at $489,000 after acquiring an additional 8,204 shares during the last quarter. Lazard Asset Management LLC grew its position in Piedmont Realty Trust by 5.5% in the first quarter. Lazard Asset Management LLC now owns 74,236 shares of the real estate investment trust’s stock valued at $488,000 after acquiring an additional 3,856 shares during the last quarter. Waverly Advisors LLC bought a new position in Piedmont Realty Trust in the first quarter valued at about $153,000. Punch & Associates Investment Management Inc. bought a new position in Piedmont Realty Trust in the first quarter valued at about $3,614,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Piedmont Realty Trust by 33.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 393,532 shares of the real estate investment trust’s stock valued at $2,586,000 after acquiring an additional 98,372 shares during the last quarter. Institutional investors own 84.48% of the company’s stock.

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.