Nepsis Inc. Acquires New Position in Piedmont Realty Trust, Inc. $PDM

Nepsis Inc. bought a new position in Piedmont Realty Trust, Inc. (NYSE:PDM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 223,179 shares of the real estate investment trust’s stock, valued at approximately $2,009,000. Piedmont Realty Trust comprises approximately 0.6% of Nepsis Inc.’s portfolio, making the stock its 28th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilsey Asset Management Inc. raised its position in shares of Piedmont Realty Trust by 2.6% during the 2nd quarter. Wilsey Asset Management Inc. now owns 4,115,288 shares of the real estate investment trust’s stock worth $30,000,000 after purchasing an additional 103,658 shares during the period. Geode Capital Management LLC lifted its stake in Piedmont Realty Trust by 1.4% in the second quarter. Geode Capital Management LLC now owns 3,418,028 shares of the real estate investment trust’s stock valued at $24,920,000 after buying an additional 46,198 shares during the last quarter. Hudson Bay Capital Management LP boosted its holdings in shares of Piedmont Realty Trust by 34.9% during the second quarter. Hudson Bay Capital Management LP now owns 3,013,575 shares of the real estate investment trust’s stock valued at $21,969,000 after acquiring an additional 780,050 shares during the period. Ameriprise Financial Inc. grew its position in shares of Piedmont Realty Trust by 368.8% during the second quarter. Ameriprise Financial Inc. now owns 2,046,431 shares of the real estate investment trust’s stock worth $14,262,000 after acquiring an additional 1,609,919 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Piedmont Realty Trust by 4.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,965,690 shares of the real estate investment trust’s stock worth $14,330,000 after acquiring an additional 79,945 shares during the period. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Piedmont Realty Trust Stock Performance

PDM stock opened at $8.41 on Friday. The company has a 50-day simple moving average of $8.36 and a 200 day simple moving average of $8.18. The company has a market capitalization of $1.05 billion, a P/E ratio of -14.75 and a beta of 1.26. 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, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $9.19.

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, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $110.75 million for the quarter, compared to the consensus estimate of $141.46 million. Piedmont Realty Trust had a negative net margin of 12.44% and a negative return on equity of 4.51%. Piedmont Realty Trust’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Piedmont Realty Trust has set its FY 2025 guidance at 1.400-1.420 EPS. Sell-side analysts predict that Piedmont Realty Trust, Inc. will post 1.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PDM has been the subject of a number of 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 boosted their price objective on Piedmont Realty Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, November 24th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.