Piedmont Realty Trust (NYSE:PDM) Releases Quarterly Earnings Results

Piedmont Realty Trust (NYSE:PDM) released its quarterly earnings results on Tuesday. 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), FiscalAI reports. Piedmont Realty Trust had a negative net margin of 15.28% and a negative return on equity of 5.70%. The firm had revenue of $144.12 million during the quarter, compared to analyst estimates of $133.68 million. Piedmont Realty Trust updated its FY 2026 guidance to 1.500-1.550 EPS.

Piedmont Realty Trust Stock Performance

Piedmont Realty Trust stock traded down $0.17 during mid-day trading on Tuesday, hitting $9.62. 595,389 shares of the company’s stock traded hands, compared to its average volume of 1,034,358. 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 firm has a 50 day simple moving average of $9.07 and a two-hundred day simple moving average of $8.21. Piedmont Realty Trust has a fifty-two week low of $6.32 and a fifty-two week high of $9.99. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -13.74 and a beta of 1.36.

Analyst Ratings Changes

PDM has been the subject of a number of recent research reports. Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings upgraded shares of Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Finally, Truist Financial reissued a “buy” rating and issued a $11.00 price objective (up from $10.00) on shares of Piedmont Realty Trust in a research report on Monday, June 15th. One investment 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 presently has an average rating of “Hold” and an average price target of $11.00.

Hedge Funds Weigh In On Piedmont Realty Trust

Several large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Piedmont Realty Trust by 9.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,450,821 shares of the real estate investment trust’s stock worth $28,780,000 after buying an additional 296,114 shares during the period. Wellington Management Group LLP raised its holdings in Piedmont Realty Trust by 8.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,322,045 shares of the real estate investment trust’s stock valued at $29,898,000 after acquiring an additional 248,993 shares during the period. Geode Capital Management LLC lifted its position in Piedmont Realty Trust by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 3,247,516 shares of the real estate investment trust’s stock worth $27,088,000 after acquiring an additional 38,687 shares during the last quarter. Hudson Bay Capital Management LP lifted its position in Piedmont Realty Trust by 1.0% during the fourth quarter. Hudson Bay Capital Management LP now owns 3,247,359 shares of the real estate investment trust’s stock worth $27,083,000 after acquiring an additional 32,020 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Piedmont Realty Trust by 368.8% during the second quarter. Ameriprise Financial Inc. now owns 2,046,431 shares of the real estate investment trust’s stock worth $14,262,000 after acquiring an additional 1,609,919 shares during the period. 84.48% of the stock is owned by institutional investors.

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.