Helix Partners Management LP Lowers Stake in Piedmont Realty Trust, Inc. $PDM

Helix Partners Management LP reduced its position in Piedmont Realty Trust, Inc. (NYSE:PDM) by 29.6% during the first quarter, HoldingsChannel reports. The fund owned 439,787 shares of the real estate investment trust’s stock after selling 185,213 shares during the quarter. Piedmont Realty Trust comprises 0.8% of Helix Partners Management LP’s holdings, making the stock its 9th biggest position. Helix Partners Management LP’s holdings in Piedmont Realty Trust were worth $2,889,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PDM. Arrowstreet Capital Limited Partnership lifted its holdings in Piedmont Realty Trust by 33.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 393,532 shares of the real estate investment trust’s stock worth $2,586,000 after purchasing an additional 98,372 shares in the last quarter. Sei Investments Co. grew its stake in Piedmont Realty Trust by 46.9% in the 1st quarter. Sei Investments Co. now owns 150,780 shares of the real estate investment trust’s stock worth $991,000 after buying an additional 48,116 shares in the last quarter. Bessemer Group Inc. increased its stake in Piedmont Realty Trust by 63,822.3% in the first quarter. Bessemer Group Inc. now owns 474,943 shares of the real estate investment trust’s stock valued at $3,120,000 after acquiring an additional 474,200 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Piedmont Realty Trust by 40.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,931 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 16,005 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Piedmont Realty Trust by 21.8% in the 1st quarter. Hsbc Holdings PLC now owns 224,639 shares of the real estate investment trust’s stock worth $1,476,000 after buying an additional 40,232 shares during the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Analysts Set New Price Targets

PDM has been the subject of several recent research reports. Truist Financial reissued a “buy” rating and issued a $11.00 price target (up from $10.00) on shares of Piedmont Realty Trust in a research note on Monday, June 15th. Wall Street Zen upgraded shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings raised Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Piedmont Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Piedmont Realty Trust Stock Up 2.1%

NYSE:PDM opened at $9.78 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $1.22 billion, a P/E ratio of -13.96 and a beta of 1.36. Piedmont Realty Trust, Inc. has a fifty-two week low of $6.32 and a fifty-two week high of $9.99. The firm has a 50-day simple moving average of $9.03 and a two-hundred day simple moving average of $8.21.

Piedmont Realty Trust (NYSE:PDM) last issued its 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 return on equity of 5.70% and a negative net margin of 15.28%.The firm 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. Analysts predict that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current fiscal year.

Piedmont Realty Trust Company 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.