Piedmont Realty Trust (NYSE:PDM) Updates FY 2026 Earnings Guidance

Piedmont Realty Trust (NYSE:PDM) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.490-1.540 for the period, compared to the consensus earnings per share estimate of 1.490. The company issued revenue guidance of -.

Piedmont Realty Trust Stock Performance

PDM stock traded down $0.05 during mid-day trading on Friday, hitting $8.32. 1,182,245 shares of the company were exchanged, compared to its average volume of 1,249,446. The business has a 50 day simple moving average of $7.24 and a 200-day simple moving average of $7.97. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $1.04 billion, a PE ratio of -12.23 and a beta of 1.40. Piedmont Realty Trust has a 1-year low of $6.32 and a 1-year high of $9.19.

Piedmont Realty Trust (NYSE:PDM) last issued its quarterly earnings data 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). The company had revenue of $143.29 million for the quarter, compared to analyst estimates of $128.67 million. Piedmont Realty Trust had a negative return on equity of 5.66% and a negative net margin of 15.28%.Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. On average, equities analysts forecast that Piedmont Realty Trust will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PDM shares. Weiss Ratings restated a “sell (d-)” rating on shares of Piedmont Realty Trust in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Truist Financial cut their price objective on shares of Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, March 9th. One equities research 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’s stock. According to data from MarketBeat.com, Piedmont Realty Trust has an average rating of “Hold” and a consensus price target of $9.00.

Institutional Investors Weigh In On Piedmont Realty Trust

Several institutional investors have recently made changes to their positions in PDM. Inspire Investing LLC lifted its stake in Piedmont Realty Trust by 10.8% during the fourth quarter. Inspire Investing LLC now owns 55,857 shares of the real estate investment trust’s stock worth $466,000 after purchasing an additional 5,440 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Piedmont Realty Trust by 2.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 46,683 shares of the real estate investment trust’s stock valued at $389,000 after purchasing an additional 1,321 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Piedmont Realty Trust by 63.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 39,872 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 15,542 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Piedmont Realty Trust by 10.3% in the 4th quarter. Van ECK Associates Corp now owns 40,522 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 3,779 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Piedmont Realty Trust by 26.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 37,309 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 7,810 shares during the last quarter. 84.48% of the stock is currently 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.