Cwm LLC Acquires 20,659 Shares of Piedmont Realty Trust, Inc. $PDM

Cwm LLC boosted its stake in Piedmont Realty Trust, Inc. (NYSE:PDM) by 165.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,138 shares of the real estate investment trust’s stock after buying an additional 20,659 shares during the quarter. Cwm LLC’s holdings in Piedmont Realty Trust were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Arkadios Wealth Advisors raised its position in Piedmont Realty Trust by 13.0% in the 1st quarter. Arkadios Wealth Advisors now owns 13,002 shares of the real estate investment trust’s stock valued at $96,000 after buying an additional 1,500 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Piedmont Realty Trust by 7.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 25,929 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 1,781 shares during the last quarter. Inspire Investing LLC raised its position in Piedmont Realty Trust by 5.3% in the 1st quarter. Inspire Investing LLC now owns 46,648 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 2,368 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Piedmont Realty Trust by 3.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,840 shares of the real estate investment trust’s stock valued at $559,000 after buying an additional 2,605 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Piedmont Realty Trust by 1.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 183,945 shares of the real estate investment trust’s stock valued at $1,341,000 after buying an additional 2,691 shares during the last quarter. 84.48% of the stock is owned by hedge funds and other institutional investors.

Piedmont Realty Trust Stock Up 1.3%

PDM stock opened at $8.54 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -15.52 and a beta of 1.52. Piedmont Realty Trust, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $10.72. The stock has a fifty day moving average of $8.52 and a 200-day moving average of $7.64.

Piedmont Realty Trust (NYSE:PDM) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $110.75 million during the quarter, compared to the consensus estimate of $141.46 million. Piedmont Realty Trust had a negative return on equity of 4.32% and a negative net margin of 12.10%.The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS. Piedmont Realty Trust has set its FY 2025 guidance at 1.400-1.420 EPS. As a group, equities research analysts predict that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Piedmont Realty Trust in a research report on Wednesday, October 8th. Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.