Piedmont Realty Trust

PDM · NYSE

$9.25+$0.31 (+3.47%)TodayMarket closed · Oct 20, 4:41 PM ET

Prev close $8.94

PDM analyst rating

HoldConsensus of 3 analysts over the last 12 months. 33% rate it a buy.

Strong buy0
Buy1
Hold2
Underperform0
Sell0

12-month price target · 5 analysts

Average $10.88 (+17.6% upside)

Low: $10.10
Now: $9.25
High: $11.55

Upgrades and downgrades

The latest rating actions, newest first

PDM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Sep 9, 2026	Maintains	Neutral	$10.00 → $11.00	58%
Baird	Aug 14, 2026	Maintains	Neutral	$9.00 → $10.00	53%
Truist Securities	Jun 15, 2026	Maintains	Buy	$10.00 → $11.00	45%
Truist Securities	Mar 9, 2026	Maintains	Buy	$11.00 → $10.00	45%
Truist Securities	Nov 24, 2025	Maintains	Buy	$9.00 → $10.00	45%

The case for and against

Updated Nov 7, 2025

Bull case

Piedmont Realty Trust Inc. has demonstrated resilience in its markets, with expectations of slightly positive market rent growth across its targeted U.S. Sunbelt regions. The company's strategic cash management decision is anticipated to enhance its ability to manage leverage and generate better earnings growth, indicating a commitment to improving long-term financial stability. Additionally, the stock has showed a competitive performance, gaining 1% since the announcement compared to a 2% increase in the VNQ, reflecting investor confidence in its operational strategies and market positioning.

Bear case

Piedmont Realty Trust is facing a negative outlook primarily due to projected declines in normalized Funds From Operations per share (FFOps), with an anticipated 4.5% decrease in 2025 followed by a slight drop of 0.5% in 2026. Additionally, investor concerns have emerged regarding the company's financial strength, especially in light of recent dividend cuts that were perceived as unnecessary, signaling potential strain on cash flow. The revision of financial models to account for slower leasing percentages and economic occupancy further underscores challenges that may negatively impact the company's overall financial health.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.