
How Investors Are Reacting To Piedmont Realty Trust (PDM) Analyst Upgrade and Revised Earnings Outlook

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Piedmont Realty Trust has been upgraded to a Zacks Rank #2 (Buy) due to improved earnings estimates, indicating renewed investor confidence. The company focuses on high-growth markets and has signed a long-term lease with Travel + Leisure Co., which may enhance future revenues. However, risks remain, including exposure to remote work trends and tenant concentration. Analysts project $584.3 million in revenue and $62.4 million in earnings by 2028, with fair value estimates ranging from $8.67 to $17.83 per share, reflecting mixed investor sentiment.
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