<div id="readability-page-1"><p><span>Piedmont Realty Trust (NYSE:PDM - Get Free Report)</span> had its price target raised by equities research analysts at Truist Financial  from $9.00 to $10.00 in a report issued on Monday,Benzinga reports. The firm currently has a &#34;buy&#34; rating on the real estate investment trust's stock. Truist Financial's price objective would indicate a potential upside of 20.55% from the stock's current price.</p><p>PDM has been the subject of a number of other reports. Wall Street Zen upgraded Piedmont Realty Trust from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, August 23rd. Weiss Ratings  reaffirmed a &#34;sell (d-)&#34; rating on shares of Piedmont Realty Trust in a research note on Wednesday, October 8th. One equities research analyst  has rated the stock with a Buy rating, three have given a Hold rating and one  has issued  a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of &#34;Hold&#34; and an average target price of $9.00.</p><div><p><span></span><span>Get <strong>Piedmont Realty Trust</strong> alerts:</span></p></div><p><b>View Our Latest Report on Piedmont Realty Trust</b></p><h2>Piedmont Realty Trust Stock Performance</h2><p>PDM stock traded up $0.07 during trading hours on Monday, hitting $8.30. 177,958 shares of the stock were exchanged, compared to its average volume of 910,311. Piedmont Realty Trust has a 12 month low of $5.46 and a 12 month high of $10.02. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $1.03 billion, a P/E ratio of -14.55 and a beta of 1.48. The company has a 50-day simple moving average of $8.44 and a two-hundred day simple moving average of $7.87. </p><p>Piedmont Realty Trust (NYSE:PDM - Get Free Report) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Piedmont Realty Trust had a negative net margin of 12.44% and a negative return on equity of 4.51%. The company had revenue of $110.75 million during the quarter, compared to analysts' expectations of $141.46 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. Piedmont Realty Trust's quarterly revenue was down .1% on a year-over-year basis.  Piedmont Realty Trust has set its FY 2025 guidance at 1.400-1.420 EPS. On average, analysts forecast that  Piedmont Realty Trust will post 1.41 earnings per share for the current fiscal year. </p><h2>Hedge Funds Weigh In On Piedmont Realty Trust</h2><p>A number of institutional investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in  Piedmont Realty Trust in the third quarter valued at about $30,000.  EverSource Wealth Advisors LLC boosted its stake in shares of  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 valued at $32,000 after purchasing an additional 3,005 shares in the last quarter.  Ameritas Advisory Services LLC acquired a new stake in shares of  Piedmont Realty Trust in the 2nd quarter valued at approximately $36,000.  Wolverine Asset Management LLC bought a new stake in shares of  Piedmont Realty Trust during the 1st quarter valued at approximately $48,000.  Finally, Farther Finance Advisors LLC grew its holdings in shares of  Piedmont Realty Trust by 79.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,444 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 3,299 shares during the last quarter. Institutional investors and hedge funds own  84.48% of the company's stock. </p><h2>Piedmont Realty Trust Company Profile</h2> (Get Free Report)<p>Piedmont Office Realty Trust, Inc (also referred to herein as &#34;Piedmont&#34; or the &#34;Company&#34;) <span>NYSE: PDM<span></span></span> is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust (&#34;REIT&#34;) with local management offices in each of its markets and is investment-grade rated by Standard &amp; Poor's and Moody's.</p><h2>Read More</h2><ul><li>Five stocks we like better than Piedmont Realty Trust</li><li>Why Invest in High-Yield Dividend Stocks?</li><li>These 3 Tech Companies Are Suddenly Paying Bigger Dividends</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>Holiday Spending to Hit $1 Trillion—Time to Buy This Retail ETF?</li><li>Pets Are Big Business: 4 Big-Ticket Pet Stocks to Add to Your Portfolio</li><li>BJ’s Wholesale Club and the Case for a Bullish Market Reversal</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBETQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBETQ"/></p><p><em>This 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.</em></p><h2>Should You Invest $1,000 in Piedmont Realty Trust Right Now?</h2><p>Before you consider Piedmont Realty Trust, you'll want to hear this.</p><p>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. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Piedmont Realty Trust wasn't on the list.</p><p>While Piedmont Realty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Truist Financial has raised its price target for Piedmont Realty Trust (NYSE:PDM) from $9.00 to $10.00, maintaining a "buy" rating. This suggests a potential upside of 20.55% from the current stock price. Other analysts have mixed ratings, with one "buy," three "hold," and one "sell." The stock's average rating is "hold," with an average target price of $9.00.</p>

Piedmont Realty Trust (NYSE:PDM) Stock Price Expected to Rise, Truist Financial Analyst Says