Piedmont Realty Trust, Inc. (PDM) Stock Price & Analysis
Piedmont Realty Trust, Inc. (PDM) closed at USD 9.63 on Thursday, October 22, 2026, up 4.11% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 9.25; the Oct 22, 2026 session ranged USD 9.25–9.67 on volume of 1,516,723 shares. Market capitalization is $1.21B, with a 52-week range of USD 6.32–10.13 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PDM.md
Key facts (PDM)
- Last four reported quarters (through Jun 30, 2026): revenue $569M, net income -$80.7M (-14.2% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $39K; 1 not under a Rule 10b5-1 plan ($39K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.75 on a 1–5 scale) (4 analysts), mean target USD 10.75 (range 10–11).
- Total return with dividends: 1Y +15.3% vs S&P 500 +14.9%; 5Y -32.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-26, EPS estimate USD -0.01, revenue estimate $147M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PDM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $529M | $564M | $578M | $570M | $565M | $569M |
| Net income | -$1.2M | $147M | -$48.4M | -$79.1M | -$83.6M | -$80.7M |
| EPS (diluted) | -$0.01 | $1.19 | -$0.39 | -$0.64 | -$0.67 | — |
| Net margin | -0.2% | 26.0% | -8.4% | -13.9% | -14.8% | -14.2% |
| Revenue growth | -1.2% | +6.6% | +2.5% | -1.3% | -0.9% | — |
| Cash + short-term investments | $7.4M | $16.5M | $825K | $110M | $731K | — |
| Total debt | $1.88B | $1.98B | $2.05B | $2.22B | $2.22B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PDM)
P/S 2.1x · EV/Sales 6.0x · P/B 0.8x · Earnings yield -6.70% · Dividend yield (paid, TTM) 0.01% · Net debt $2.23B · EV $3.44B
Insider sales (SEC Form 4, open-market, last ~7 months) (PDM)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Rexroad Sherry L | EVP-CFO | 4,446 | $39K | 7.6% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (PDM)
Consensus Hold (mean 2.75 on a 1–5 scale), 4 analysts; mean target USD 10.75 (low 10, high 11).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-09 | JP Morgan | Target raised | Neutral | $10 → $11 |
| 2026-08-14 | Baird | Target raised | Neutral | $9 → $10 |
Total return (dividends reinvested) (PDM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +15.3% | -32.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +15.4% | -7.6% |
| Volatility (annualized) | 31.9% | 34.4% |
| Max drawdown | -27.9% (Feb 2026→Mar 2026) | -70.4% (Jan 2022→Oct 2023) |
PDM revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Atlanta | $44.5M | 30.9% | -0.0% |
| Dallas | $27.5M | 19.1% | +4.2% |
| Orlando | $18.6M | 12.9% | +23.8% |
| New York | $13.9M | 9.6% | -5.4% |
| Northern Virginia/Washington, D.C. | $13.3M | 9.2% | +4.2% |
| Minneapolis | $11.7M | 8.1% | +2.2% |
| Boston | $9.7M | 6.7% | -9.1% |
| Total revenue | $144.1M | 100% | — |
PDM revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Other property related income | $6.8M | 4.7% | +7.9% |
| Property management fee revenue | $108,000 | 0.1% | +33.3% |
| Total revenue | $144.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
PDM company outlook (results filed Jul 28, 2026)
- “Outlook for second quarter in a row – Generated Same Store NOI Cash Growth of 9% – Strong leasing momentum continues with almost 460,000 square feet executed and cash leasing spreads of over 14% – Signed but yet to commence leases total $39 million equivalent to 570 bps of portfolio occupancy ATLANTA, July 28, 2026 — Piedmont Realty Trust, Inc.”
Quoted word-for-word from the SEC 8-K results press release.
PDM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.01 | $-0.01 | -21.0% | $146.7M | 1 |
| Next quarter (ends Dec 2026) | $0.03 | $0.02 | +90.0% | $149.4M | 1 |
| Current fiscal year (ends Dec 2026) | $-0.17 | $-0.13 | +31.5% | $583.6M | 1 |
| Next fiscal year (ends Dec 2027) | $0.25 | $0.12 | +109.1% | $597.6M | 1 |
PDM options: expected move
Options price a move of about ±10.1% (±$0.98) by Dec 18, 2026, which includes earnings on Oct 26, 2026. Over the last 8 reports the stock moved ±5.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Dec 18, 2026 | 56 | 30.3% | ±10.1% |
30-day implied volatility 73.5% vs 31.7% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:38 UTC)
| Price | USD 9.63 |
|---|---|
| Change | ▲ 4.11% (up) |
| Previous Close | USD 9.25 |
| Open | USD 9.25 |
| Day Range | USD 9.25 – 9.67 |
| 52-Week Range | USD 6.32 – 10.13 |
| Volume | 1,516,723 shares |
| Market Cap | $1.21B |
| Exchange | NYQ |
Technical Analysis (PDM)
Nexqual's technical model rates PDM "NEUTRAL" based on 4 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 08:38 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 60.44 (neutral) |
| vs SMA50 | Above (USD 9.34) |
| MACD | -0.01 (negative) |
Analyst Ratings (PDM)
Wall Street analysts rate PDM "Hold" based on 4 analysts, with a mean price target of USD 10.75 (range USD 10–11), per Nexqual as of October 23, 2026 at 08:38 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 10.75 |
| High Target | USD 11 |
| Low Target | USD 10 |
| Buy / Hold / Sell | 1 / 3 / 0 |
Earnings (PDM)
| Next Earnings Date | 2026-10-26 |
|---|---|
| Revenue Estimate | $146.74M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.09 vs est -0.09 ▲ beat |
| 2026-03-31 | USD -0.1 vs est -0.03 ▼ miss |
| 2025-12-31 | USD -0.35 vs est -0.05 ▼ miss |
| 2025-09-30 | USD -0.11 vs est -0.05 ▼ miss |
Source: Nexqual, October 23, 2026 at 08:38 UTC.
Financials & Fundamentals (PDM)
| Total Revenue | $569.43M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +2.70% |
| Gross Margin | +60.02% |
| Operating Margin | +14.29% |
| Profit Margin | -14.18% |
| ROE | -5.34% |
| Debt / Equity | 1.53 |
| Current Ratio | 1.5 |
| Total Cash | $17.32M |
| Total Debt | $2.25B |
Source: Nexqual, October 23, 2026 at 08:38 UTC.
Financial Health Score (PDM)
Nexqual rates Piedmont Realty Trust, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 08:38 UTC.
| Growth | Weak — Revenue -1% YoY (annual), declining |
|---|---|
| Profitability | Strong — Gross margin 60%, operating 14% (last 12 months) |
| Balance Sheet | Weak — $17M cash and investments vs $2.25B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $179M (TTM) |
| Efficiency | Critical — ROE -5%, ROA 1.2% |
Ownership (PDM)
| Insider Ownership | +1.32% |
|---|---|
| Institutional Ownership | +95.70% |
| Shares Outstanding | 125.13M |
| Float | 123.50M |
| Short % of Float | +9.64% |
Source: Nexqual, October 23, 2026 at 08:38 UTC.
Leadership (PDM)
Piedmont Realty Trust, Inc. is led by Christopher Brent Smith, President, CEO & Director, per Nexqual as of October 23, 2026 at 08:38 UTC.
| President, CEO & Director | Christopher Brent Smith |
|---|---|
| Executive VP, CFO & Company Secretary | Sherry L. Rexroad |
| Executive VP & Co-COO | George M. Wells |
| Executive Vice President of Investments & Strategy | Christopher A. Kollme |
| Executive VP & Co-COO | Alex Valente |
Major Backers & Investors (PDM)
Notable institutional backers of Piedmont Realty Trust, Inc. include Cohen & Steers Inc., Wilsey Asset Management Inc, Private Management Group, Inc., according to Nexqual as of October 23, 2026 at 08:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Cohen & Steers Inc. | 6.46% |
| Wilsey Asset Management Inc | 3.95% |
| Private Management Group, Inc. | 3.26% |
| LSV Asset Management | 3.07% |
| DEUTSCHE DWS MARKET TRUST-DWS RREEF Real Assets Fund | 1.5% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 14.59% |
| BlackRock | 12.22% |
| Deutsche Bank AG | 4.58% |
| State Street | 4.21% |
| Geode Capital | 2.82% |
Source: Nexqual, October 23, 2026 at 08:38 UTC.
Legal & Regulatory Risks from Piedmont Realty Trust, Inc.'s Latest 10-K (filed 2026-02-17)
- We may be subject to litigation, which could have a material adverse effect on our financial condition.
- Our rights and the rights of our stockholders to recover claims against our board of directors and officers are limited, which could reduce our recovery and our stockholders' recovery against them if they negligently cause us to incur losses.
- Changes in tax laws may eliminate the benefits of REIT status, prevent us from maintaining our qualification as a REIT, or otherwise adversely affect our stockholders.
- We face possible adverse changes in state and local tax laws regarding the treatment of REITs and their stockholders, which may result in an increase in our tax liability.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DEA | Easterly Government Properties, | USD 22.57 | ▲ 2.13% |
| ESBA | Empire State Realty OP, L.P. Se | USD 4.99 | ▲ 4.51% |
| PSTL | Postal Realty Trust, Inc. | USD 21.87 | ▲ 2.39% |
| DEI | Douglas Emmett, Inc. | USD 10.09 | ▲ 5.88% |
| HPP | Hudson Pacific Properties, Inc. | USD 10.58 | ▲ 11.84% |
| BDN | Brandywine Realty Trust | USD 2.95 | ▲ 9.26% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:38 UTC. This page is informational and not investment advice.
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