Robeco Institutional Asset Management B.V. Has $4.99 Million Stock Holdings in Piedmont Realty Trust, Inc. $PDM

Robeco Institutional Asset Management B.V. reduced its position in Piedmont Realty Trust, Inc. (NYSE:PDM) by 9.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 554,242 shares of the real estate investment trust’s stock after selling 59,785 shares during the period. Robeco Institutional Asset Management B.V. owned 0.45% of Piedmont Realty Trust worth $4,988,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Piedmont Realty Trust by 214.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 3,005 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Piedmont Realty Trust in the 2nd quarter worth $36,000. Laurel Wealth Advisors LLC grew its stake in shares of Piedmont Realty Trust by 629.0% during the second quarter. Laurel Wealth Advisors LLC now owns 7,786 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 6,718 shares during the period. Farther Finance Advisors LLC increased its holdings in Piedmont Realty Trust by 79.6% in the third quarter. Farther Finance Advisors LLC now owns 7,444 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 3,299 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Piedmont Realty Trust by 59.7% in 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 buying an additional 4,015 shares during the period. Institutional investors and hedge funds own 84.48% of the company’s stock.

Piedmont Realty Trust Trading Down 1.0%

Shares of NYSE:PDM opened at $8.41 on Friday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -14.75 and a beta of 1.26. Piedmont Realty Trust, Inc. has a 12 month low of $5.46 and a 12 month high of $9.19. The company’s fifty day simple moving average is $8.36 and its 200 day simple moving average is $8.18. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.43.

Piedmont Realty Trust (NYSE:PDM) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $141.46 million. During the same period in the prior year, the business earned $0.36 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Piedmont Realty Trust has set its FY 2025 guidance at 1.400-1.420 EPS. As a group, research analysts forecast that Piedmont Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Piedmont Realty Trust in a report 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 company a “buy” rating in a research report on Monday, November 24th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Piedmont Realty Trust has an average rating of “Hold” and a consensus target price of $9.00.

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.