Piedmont Realty Trust, Inc. (NYSE:PDM) Short Interest Up 61.0% in August

Piedmont Realty Trust, Inc. (NYSE:PDM) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 5,672,173 shares, a growth of 61.0% from the July 30th total of 3,522,104 shares. Currently, 4.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 953,165 shares, the days-to-cover ratio is presently 6.0 days.

Hedge Funds Weigh In On Piedmont Realty Trust

Hedge funds have recently bought and sold shares of the company. Cohen & Steers Inc. increased its stake in Piedmont Realty Trust by 13.8% in the fourth quarter. Cohen & Steers Inc. now owns 6,698,202 shares of the real estate investment trust’s stock valued at $55,863,000 after purchasing an additional 812,700 shares in the last quarter. Wilsey Asset Management Inc. grew its stake in shares of Piedmont Realty Trust by 0.3% in the 2nd quarter. Wilsey Asset Management Inc. now owns 4,909,232 shares of the real estate investment trust’s stock valued at $44,919,000 after buying an additional 16,682 shares during the period. Charles Schwab Investment Management Inc. increased its position in Piedmont Realty Trust by 9.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,450,821 shares of the real estate investment trust’s stock valued at $28,780,000 after buying an additional 296,114 shares in the last quarter. Centersquare Investment Management LLC increased its position in Piedmont Realty Trust by 154.3% in the 4th quarter. Centersquare Investment Management LLC now owns 3,429,364 shares of the real estate investment trust’s stock valued at $28,601,000 after buying an additional 2,080,658 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Piedmont Realty Trust by 16.5% during the 2nd quarter. Wellington Management Group LLP now owns 3,350,794 shares of the real estate investment trust’s stock worth $30,660,000 after buying an additional 474,144 shares during the period. Institutional investors own 84.48% of the company’s stock.

Piedmont Realty Trust Stock Up 2.1%

NYSE PDM traded up $0.20 during trading hours on Wednesday, hitting $9.74. 720,297 shares of the company traded hands, compared to its average volume of 1,029,224. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.36 and a current ratio of 1.36. The business’s 50-day moving average is $9.57 and its 200-day moving average is $8.42. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -15.01 and a beta of 1.36. Piedmont Realty Trust has a twelve month low of $6.32 and a twelve month high of $10.13.

Piedmont Realty Trust (NYSE:PDM) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $144.12 million for the quarter, compared to analyst estimates of $133.68 million. Piedmont Realty Trust had a negative net margin of 14.18% and a negative return on equity of 5.39%. Piedmont Realty Trust has set its FY 2026 guidance at 1.500-1.550 EPS. Sell-side analysts anticipate that Piedmont Realty Trust will post 1.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PDM. Truist Financial reissued a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Piedmont Realty Trust in a research note on Monday, June 15th. Robert W. Baird raised their price target on Piedmont Realty Trust from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Finally, Weiss Ratings lowered Piedmont Realty Trust from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Piedmont Realty Trust has a consensus rating of “Hold” and a consensus price target of $10.50.

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.