Piedmont Realty Trust (NYSE:PDM) Stock Price Passes Above 200 Day Moving Average – Time to Sell?
by Scott Moore · The Cerbat GemShares of Piedmont Realty Trust, Inc. (NYSE:PDM – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.95 and traded as high as $8.06. Piedmont Realty Trust shares last traded at $7.9950, with a volume of 754,529 shares.
Analyst Ratings Changes
Several brokerages have recently commented on PDM. Truist Financial decreased their target price on Piedmont Realty Trust from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Weiss Ratings upgraded Piedmont Realty Trust from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded 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, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.00.
Check Out Our Latest Stock Analysis on Piedmont Realty Trust
Piedmont Realty Trust Stock Performance
The firm has a fifty day moving average of $7.43 and a 200-day moving average of $7.96. The firm has a market cap of $1.03 billion, a P/E ratio of -11.75 and a beta of 1.40. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.52.
Piedmont Realty Trust (NYSE:PDM – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The firm had revenue of $143.29 million during the quarter, compared to the consensus estimate 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. Research analysts predict that Piedmont Realty Trust, Inc. will post 1.5 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Piedmont Realty Trust
Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Piedmont Realty Trust in the third quarter valued at about $30,000. Kestra Advisory Services LLC acquired a new position in Piedmont Realty Trust in the fourth quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its stake in Piedmont Realty Trust by 214.6% in the second quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 3,005 shares during the period. Global Retirement Partners LLC lifted its stake in Piedmont Realty Trust by 93.9% in the fourth quarter. Global Retirement Partners LLC now owns 9,334 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 4,519 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Piedmont Realty Trust by 59.7% in the second quarter. BNP Paribas Financial Markets now owns 10,741 shares of the real estate investment trust’s stock valued at $78,000 after buying 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.