Piedmont Realty Trust, Inc. $PDM Shares Purchased by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC lifted its position in Piedmont Realty Trust, Inc. (NYSE:PDM) by 17.6% in the fourth quarter, Holdings Channel reports. The firm owned 819,238 shares of the real estate investment trust’s stock after acquiring an additional 122,346 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Piedmont Realty Trust were worth $6,832,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PDM. Ameriprise Financial Inc. boosted its position in shares of Piedmont Realty Trust by 368.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,046,431 shares of the real estate investment trust’s stock valued at $14,262,000 after purchasing an additional 1,609,919 shares during the period. Centersquare Investment Management LLC acquired a new stake in shares of Piedmont Realty Trust in the 3rd quarter valued at about $12,138,000. Lighthouse Investment Partners LLC acquired a new stake in shares of Piedmont Realty Trust in the 3rd quarter valued at about $3,825,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Piedmont Realty Trust by 101.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 834,157 shares of the real estate investment trust’s stock valued at $6,081,000 after purchasing an additional 421,095 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Piedmont Realty Trust by 1,166.6% in the 2nd quarter. First Trust Advisors LP now owns 394,226 shares of the real estate investment trust’s stock valued at $2,874,000 after purchasing an additional 363,102 shares during the period. 84.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PDM. Weiss Ratings raised Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Truist Financial decreased their target price on Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Finally, Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Piedmont Realty Trust currently has an average rating of “Hold” and an average target price of $9.00.

Piedmont Realty Trust Stock Performance

Shares of PDM stock opened at $8.31 on Tuesday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -11.88 and a beta of 1.38. The stock has a 50 day simple moving average of $7.63 and a 200-day simple moving average of $7.96. Piedmont Realty Trust, Inc. has a 12-month low of $6.32 and a 12-month high of $9.19. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.52.

Piedmont Realty Trust (NYSE:PDM) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The business had revenue of $143.29 million for the quarter, compared to analysts’ expectations of $128.67 million. Piedmont Realty Trust had a negative return on equity of 5.70% and a negative net margin of 15.28%.Piedmont Realty Trust has set its FY 2026 guidance at 1.490-1.540 EPS. On average, equities analysts forecast that Piedmont Realty Trust, Inc. will post 1.5 EPS for the current year.

Piedmont Realty Trust 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.