1,348,706 Shares in Piedmont Realty Trust, Inc. $PDM Acquired by Centersquare Investment Management LLC

Centersquare Investment Management LLC acquired a new stake in shares of Piedmont Realty Trust, Inc. (NYSE:PDM) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 1,348,706 shares of the real estate investment trust’s stock, valued at approximately $12,138,000. Centersquare Investment Management LLC owned approximately 1.08% of Piedmont Realty Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in shares of 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. lifted its stake in Piedmont Realty Trust by 4.5% in the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 valued at $7,002,000 after purchasing an additional 96,182 shares during the last quarter. Ethic Inc. grew its position in shares of Piedmont Realty Trust by 7.7% during the second quarter. Ethic Inc. now owns 39,513 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 2,828 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Piedmont Realty Trust by 10.5% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,279 shares of the real estate investment trust’s stock valued at $1,045,000 after purchasing an additional 13,591 shares in the last quarter. Institutional investors own 84.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PDM shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Piedmont Realty Trust in a research note on Thursday, January 22nd. Wall Street Zen cut Piedmont Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Truist Financial raised their target price on shares of Piedmont Realty Trust from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, November 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.00.

Piedmont Realty Trust Trading Up 3.2%

Shares of PDM stock opened at $7.74 on Thursday. The company has a market cap of $966.34 million, a PE ratio of -11.38 and a beta of 1.26. Piedmont Realty Trust, Inc. has a 1 year low of $5.46 and a 1 year high of $9.19. The stock’s 50 day simple moving average is $8.33 and its two-hundred day simple moving average is $8.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.30 and a quick ratio of 1.30.

Piedmont Realty Trust (NYSE:PDM) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $142.85 million for the quarter, compared to the consensus estimate of $139.39 million. Piedmont Realty Trust had a negative return on equity of 5.44% and a negative net margin of 14.80%. Research analysts predict that Piedmont Realty Trust, Inc. will post 1.41 earnings per share 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.