Squarepoint Ops LLC Takes Position in Piedmont Realty Trust, Inc. $PDM

Squarepoint Ops LLC purchased a new position in Piedmont Realty Trust, Inc. (NYSE:PDM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 93,632 shares of the real estate investment trust’s stock, valued at approximately $683,000. Squarepoint Ops LLC owned about 0.08% of Piedmont Realty Trust at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Piedmont Realty Trust by 214.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 3,005 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Piedmont Realty Trust in the 2nd quarter valued at approximately $36,000. Laurel Wealth Advisors LLC increased its holdings in Piedmont Realty Trust by 629.0% in the second quarter. Laurel Wealth Advisors LLC now owns 7,786 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 6,718 shares during the last quarter. BNP Paribas Financial Markets raised its position in Piedmont Realty Trust by 59.7% during the second quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 4,015 shares in the last quarter. Finally, Pitcairn Co. bought a new position in Piedmont Realty Trust during the second quarter valued at approximately $96,000. Institutional investors and hedge funds own 84.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Piedmont Realty Trust in a research note on Wednesday, October 8th. Truist Financial upped their price objective on shares of Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 24th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Piedmont Realty Trust Price Performance

NYSE PDM opened at $8.23 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.43. The company has a fifty day simple moving average of $8.34 and a 200 day simple moving average of $8.11. The company has a market cap of $1.02 billion, a P/E ratio of -14.43 and a beta of 1.26. Piedmont Realty Trust, Inc. has a 1 year low of $5.46 and a 1 year high of $9.25.

Piedmont Realty Trust (NYSE:PDM) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Piedmont Realty Trust had a negative net margin of 12.44% and a negative return on equity of 4.51%. The firm had revenue of $110.75 million for the quarter, compared to the consensus estimate of $141.46 million. During the same quarter last year, the firm posted $0.36 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Piedmont Realty Trust has set its FY 2025 guidance at 1.400-1.420 EPS. On average, sell-side analysts predict that Piedmont Realty Trust, Inc. will post 1.41 EPS for the current year.

Piedmont Realty Trust Company Profile

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.