Short Interest in Piedmont Realty Trust, Inc. (NYSE:PDM) Decreases By 20.1%

Piedmont Realty Trust, Inc. (NYSE:PDM - Get Free Report) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 3,252,183 shares, a drop of 20.1% from the January 15th total of 4,070,326 shares. Currently, 2.6% of the company's shares are sold short. Based on an average daily volume of 774,817 shares, the days-to-cover ratio is presently 4.2 days. Based on an average daily volume of 774,817 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.6% of the company's shares are sold short.Get Piedmont Realty Trust alerts:Piedmont Realty Trust Stock Up 5.1%Shares of Piedmont Realty Trust stock opened at $8.22 on Friday. The company has a 50-day simple moving average of $8.42 and a two-hundred day simple moving average of $8.36. The stock has a market capitalization of $1.02 billion, a PE ratio of -12.08 and a beta of 1.26. Piedmont Realty Trust has a 52-week low of $5.46 and a 52-week high of $9.19. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.67 and a current ratio of 1.67. Piedmont Realty Trust (NYSE:PDM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The company had revenue of $111.99 million during the quarter, compared to analyst estimates of $139.39 million. Piedmont Realty Trust had a negative net margin of 14.80% and a negative return on equity of 5.40%. On average, analysts anticipate that Piedmont Realty Trust will post 1.41 EPS for the current fiscal year. Analysts Set New Price TargetsPDM has been the subject of a number of recent analyst reports. Truist Financial upped their price target 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. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Piedmont Realty Trust in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Piedmont Realty Trust currently has an average rating of "Hold" and an average target price of $9.00.Get Our Latest Analysis on Piedmont Realty TrustInstitutional Investors Weigh In On Piedmont Realty TrustLarge investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in Piedmont Realty Trust during the third quarter valued at $30,000. Kestra Advisory Services LLC bought a new position in Piedmont Realty Trust in the 4th quarter worth $30,000. EverSource Wealth Advisors LLC increased its stake in Piedmont Realty Trust by 214.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,405 shares of the real estate investment trust's stock worth $32,000 after buying an additional 3,005 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of Piedmont Realty Trust by 629.0% in the second quarter. Laurel Wealth Advisors LLC now owns 7,786 shares of the real estate investment trust's stock valued at $57,000 after acquiring an additional 6,718 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Piedmont Realty Trust by 79.6% in the third quarter. Farther Finance Advisors LLC now owns 7,444 shares of the real estate investment trust's stock worth $67,000 after acquiring an additional 3,299 shares during the period. 84.48% of the stock is currently owned by institutional investors. Piedmont Realty Trust Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Piedmont Realty TrustYour Bank Account Is No Longer SafeNvidia CEO Issues Bold Tesla CallBuy this Gold Stock Before May 2026What a Former CIA Agent Knows About the Coming CollapseThe day the gold market brokeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Piedmont Realty Trust Right Now?Before you consider Piedmont Realty Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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