Truist Securities Reiterates Buy Rating on Piedmont Realty Trust
Truist Securities reaffirms its buy recommendation for Piedmont Realty Trust, Inc, a 26% upside from the current price.
Key Points
- Truist Securities reiterated its buy rating on Piedmont Realty Trust, Inc. with a target price of $11 as of June 15, 2026.
- Truist Securities's $11 price target implies 26% upside from Piedmont Realty Trust, Inc.'s ($PDM) current $8.73 share price.
- Shares of Piedmont Realty Trust are trading at $9.10, with a market cap of approximately $1.14 billion and a beta of 1.372.
- Major institutional holders like BlackRock and Cohen & Steers have increased their positions, while State Street Corp reduced its stake.
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Truist Securities has reiterated its buy rating on Piedmont Realty Trust, Inc. (NYSE:PDM), setting a price target of $11. This reaffirmation came on June 15, 2026, as the real estate investment trust's shares traded at $9.10.
Other Institutional Activity in Piedmont Realty Trust
Institutional investors have been active in Piedmont Realty Trust. BlackRock, Inc. increased its holdings by 552,844 shares, bringing its total to 15,071,609 shares valued at about $99 million. Vanguard Portfolio Management LLC entered a new position with 12,487,149 shares worth approximately $82 million. Cohen & Steers, Inc. also boosted its stake by 728,855 shares, reaching 7,427,057 shares valued at $48.8 million. Meanwhile, State Street Corp trimmed its position by 84,585 shares, holding 5,305,333 shares valued at roughly $34.9 million.
Piedmont Realty Trust, Inc. Stock Down 8.5%
Shares of NYSE:PDM are trading near $9.10. Piedmont Realty Trust has a market cap of approximately $1.14 billion and a beta of 1.372, indicating higher volatility compared to the market. The stock's 52-week range is between $6.32 and $9.44, with a 50-day moving average of $8.14 and a 200-day moving average of $8.15. The company has a current ratio of 0.519 and a quick ratio of 0.467, reflecting its liquidity position, while its debt-to-equity ratio stands at 151.886.
Recent Earnings
Piedmont Realty Trust reported revenue of approximately $565.6 million, with a slight growth of 0.4%. The company is not currently profitable, with an EPS of -$0.69, resulting in a net margin of -15.3% and a return on equity of -5.7%. The next earnings release is scheduled for July 28, 2026.
Dividend
Piedmont Realty Trust offers an annual dividend rate of $0.50, yielding about 6.27%. The dividend payout ratio is 0.0%, indicating that the company is not paying dividends from current earnings.
Insider Buying and Selling at Piedmont Realty Trust, Inc.
On May 12, 2026, several insiders engaged in transactions. Jeffrey Donnelly bought 15,217 shares, while Glenn Gary Cohen, Dale Taysom, Kelly Hefner Barrett, and Stephen Lewis each acquired 12,883 shares. Barbara Lang sold 15,217 shares on the same date. These transactions were not part of a pre-arranged trading plan.
Analysts Set New Price Targets
On June 15, 2026, Truist Securities reiterated its buy rating for Piedmont Realty Trust, Inc. with a price target of $11. The consensus among analysts is a buy, with a mean price target of approximately $9.67 based on three analyst opinions.
About Piedmont Realty Trust, Inc.
Piedmont Realty Trust, Inc. is a real estate investment trust (REIT) based in Atlanta, Georgia. It focuses on owning, managing, and developing Class A office properties across major Sunbelt markets in the U.S. Known for its hospitality-driven approach, the company aims to enhance workplace environments through its properties. Led by CEO Christopher Brent Smith, Piedmont Realty Trust employs around 140 people.
Bottom Line
Truist Securities' reiterated buy rating and $11 price target highlight confidence in Piedmont Realty Trust, Inc.'s potential. The stock trades at $9.10, with significant institutional interest and a generous dividend yield. As a REIT focused on prime office properties, Piedmont Realty Trust remains a notable player in the real estate sector. Remember, 13F filings and analyst ratings are backward-looking and may not reflect the latest market conditions.
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