Piedmont Realty Trust, Inc. $PDM Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lessened its stake in Piedmont Realty Trust, Inc. (NYSE:PDM) by 20.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,826 shares of the real estate investment trust’s stock after selling 4,974 shares during the period. IFM Investors Pty Ltd’s holdings in Piedmont Realty Trust were worth $145,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PDM. Cetera Investment Advisers grew its stake in shares of Piedmont Realty Trust by 26.1% in the 4th quarter. Cetera Investment Advisers now owns 37,252 shares of the real estate investment trust’s stock valued at $341,000 after purchasing an additional 7,704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Piedmont Realty Trust by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,159 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 2,321 shares during the period. Millennium Management LLC lifted its holdings in shares of Piedmont Realty Trust by 153.9% during the fourth quarter. Millennium Management LLC now owns 235,907 shares of the real estate investment trust’s stock worth $2,159,000 after purchasing an additional 142,976 shares during the period. Quantinno Capital Management LP raised its position in Piedmont Realty Trust by 6.5% during the 4th quarter. Quantinno Capital Management LP now owns 22,803 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 1,390 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Piedmont Realty Trust by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 34,771 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 11,440 shares during the last quarter. Institutional investors and hedge funds own 84.48% of the company’s stock.

Piedmont Realty Trust Stock Performance

Shares of NYSE:PDM opened at $9.07 on Wednesday. The company has a market cap of $1.13 billion, a P/E ratio of -16.48 and a beta of 1.53. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.67 and a current ratio of 1.67. Piedmont Realty Trust, Inc. has a one year low of $5.46 and a one year high of $11.11. The business’s 50-day simple moving average is $8.08 and its 200 day simple moving average is $7.39.

Piedmont Realty Trust (NYSE:PDM) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Piedmont Realty Trust had a negative net margin of 12.10% and a negative return on equity of 4.32%. The company had revenue of $111.13 million during the quarter, compared to the consensus estimate of $141.96 million. During the same quarter last year, the company earned $0.37 earnings per share. Piedmont Realty Trust’s revenue for the quarter was down 2.1% on a year-over-year basis. Piedmont Realty Trust has set its FY 2025 guidance at 1.380-1.440 EPS. On average, sell-side analysts forecast that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PDM has been the topic of a number of analyst reports. Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 23rd. JPMorgan Chase & Co. cut their target price on shares of Piedmont Realty Trust from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, June 13th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.67.

Piedmont Realty Trust 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.