Piedmont Realty Trust (NYSE:PDM) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Piedmont Realty Trust, Inc. (NYSE:PDM) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.26 and traded as high as $8.41. Piedmont Realty Trust shares last traded at $8.3950, with a volume of 590,322 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on PDM shares. Truist Financial raised their price target on Piedmont Realty Trust from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, November 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Piedmont Realty Trust in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Piedmont Realty Trust has an average rating of “Hold” and an average price target of $9.00.

Piedmont Realty Trust Stock Performance

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 stock has a 50-day moving average price of $8.41 and a 200-day moving average price of $8.26. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -14.73 and a beta of 1.26.

Piedmont Realty Trust (NYSE:PDM) last posted 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 return on equity of 4.51% and a negative net margin of 12.44%.The business had revenue of $110.75 million for the quarter, compared to analyst estimates of $141.46 million. During the same period in the previous year, the firm earned $0.36 EPS. 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. As a group, analysts forecast that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PDM. AQR Capital Management LLC lifted its position in Piedmont Realty Trust by 28.5% during the first quarter. AQR Capital Management LLC now owns 332,286 shares of the real estate investment trust’s stock worth $2,449,000 after acquiring an additional 73,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Piedmont Realty Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,346 shares of the real estate investment trust’s stock worth $541,000 after purchasing an additional 3,187 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Piedmont Realty Trust by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 950,015 shares of the real estate investment trust’s stock worth $7,002,000 after purchasing an additional 96,182 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Piedmont Realty Trust by 18.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 42,104 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 6,499 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake 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 purchasing an additional 2,691 shares during the period. Institutional investors and hedge funds own 84.48% of the company’s stock.

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.