Strs Ohio Buys New Holdings in Piedmont Realty Trust, Inc. $PDM

Strs Ohio bought a new position in Piedmont Realty Trust, Inc. (NYSE:PDM) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 177,100 shares of the real estate investment trust’s stock, valued at approximately $1,305,000. Strs Ohio owned about 0.14% of Piedmont Realty Trust as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PDM. Ameriprise Financial Inc. lifted its stake in Piedmont Realty Trust by 6.1% in the fourth quarter. Ameriprise Financial Inc. now owns 818,947 shares of the real estate investment trust’s stock valued at $7,497,000 after purchasing an additional 47,110 shares during the last quarter. Cetera Investment Advisers raised its holdings in Piedmont Realty Trust by 26.1% during the 4th quarter. Cetera Investment Advisers now owns 37,252 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 7,704 shares during the period. Deutsche Bank AG raised its holdings in Piedmont Realty Trust by 23.7% during the 4th quarter. Deutsche Bank AG now owns 242,358 shares of the real estate investment trust’s stock valued at $2,218,000 after acquiring an additional 46,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Piedmont Realty Trust by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,159 shares of the real estate investment trust’s stock valued at $642,000 after acquiring an additional 2,321 shares during the period. Finally, Millennium Management LLC raised its holdings in Piedmont Realty Trust by 153.9% during the 4th quarter. Millennium Management LLC now owns 235,907 shares of the real estate investment trust’s stock valued at $2,159,000 after acquiring an additional 142,976 shares during the period. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Piedmont Realty Trust Stock Performance

Piedmont Realty Trust stock opened at $8.74 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average of $7.97 and a 200-day moving average of $7.35. The firm has a market cap of $1.09 billion, a P/E ratio of -15.88 and a beta of 1.53. Piedmont Realty Trust, Inc. has a 1-year low of $5.46 and a 1-year high of $11.11.

Piedmont Realty Trust (NYSE:PDM) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $111.13 million during the quarter, compared to analyst estimates of $141.96 million. Piedmont Realty Trust had a negative net margin of 12.10% and a negative return on equity of 4.32%. Piedmont Realty Trust’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. Piedmont Realty Trust has set its FY 2025 guidance at 1.380-1.440 EPS. Sell-side analysts expect that Piedmont Realty Trust, Inc. will post 1.41 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 23rd. JPMorgan Chase & Co. lowered their target price on shares of Piedmont Realty Trust from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, June 13th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Piedmont Realty Trust currently has an average rating of “Hold” and a consensus target price of $8.67.

Piedmont Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.