Piedmont Realty Trust (NYSE:PDM) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Piedmont Realty Trust, Inc. (NYSE:PDM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.12 and traded as high as $9.46. Piedmont Realty Trust shares last traded at $9.4110, with a volume of 783,052 shares changing hands.

Analysts Set New Price Targets

PDM has been the topic of several recent research reports. Weiss Ratings upgraded shares of Piedmont Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Truist Financial restated a “buy” rating and issued a $11.00 price objective (up from $10.00) on shares of Piedmont Realty Trust in a research note on Monday, June 15th. Finally, Wall Street Zen raised Piedmont Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.00.

Piedmont Realty Trust Stock Up 1.2%

The company has a market capitalization of $1.21 billion, a PE ratio of -13.81 and a beta of 1.36. The company’s fifty day moving average is $8.80 and its 200-day moving average is $8.13. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.45 and a current ratio of 1.45.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in Piedmont Realty Trust during the third quarter valued at about $30,000. Kestra Advisory Services LLC purchased a new stake in shares of Piedmont Realty Trust during the fourth quarter worth about $30,000. EverSource Wealth Advisors LLC grew its position in shares of Piedmont Realty Trust by 214.6% during the second quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 3,005 shares in the last quarter. Global Retirement Partners LLC raised its stake in Piedmont Realty Trust by 93.9% during the 4th quarter. Global Retirement Partners LLC now owns 9,334 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 4,519 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Piedmont Realty Trust by 59.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 4,015 shares during the period. Institutional investors 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.