SG Americas Securities LLC Sells 193,865 Shares of Piedmont Realty Trust, Inc. $PDM

SG Americas Securities LLC decreased its position in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) by 29.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 463,924 shares of the real estate investment trust’s stock after selling 193,865 shares during the period. SG Americas Securities LLC owned 0.37% of Piedmont Realty Trust worth $4,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PDM. Vanderbilt University bought a new position in Piedmont Realty Trust in the 3rd quarter worth approximately $140,000. Farther Finance Advisors LLC boosted its position in shares of Piedmont Realty Trust by 79.6% during 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 buying an additional 3,299 shares during the period. Sonora Investment Management Group LLC boosted its holdings in Piedmont Realty Trust by 2.0% during the 3rd quarter. Sonora Investment Management Group LLC now owns 127,900 shares of the real estate investment trust’s stock valued at $1,151,000 after acquiring an additional 2,500 shares during the period. Squarepoint Ops LLC purchased a new position in Piedmont Realty Trust in the 2nd quarter worth about $683,000. Finally, Pitcairn Co. bought a new stake in shares of Piedmont Realty Trust during the second quarter valued at approximately $96,000. 84.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PDM has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Piedmont Realty Trust in a research note on Wednesday, October 8th. Truist Financial upped their target price on Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Piedmont Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $9.00.

Piedmont Realty Trust Stock Down 1.0%

Shares of PDM stock opened at $8.41 on Monday. Piedmont Realty Trust, Inc. has a 1-year low of $5.46 and a 1-year high of $9.19. The stock’s fifty day moving average price is $8.36 and its 200 day moving average price is $8.19. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.67 and a quick ratio of 1.67. The company 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 (NYSE:PDM) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Piedmont Realty Trust had a negative return on equity of 4.51% and a negative net margin of 12.44%.The company had revenue of $110.75 million during the quarter, compared to analysts’ expectations of $141.46 million. During the same period last year, the business posted $0.36 earnings per share. The firm’s revenue 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. On average, research analysts expect that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current fiscal year.

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.