Piedmont Office Realty TrustPDM
Market Cap: $1.17B
About: Piedmont Office Realty Trust Inc is a real estate investment trust engaged in the acquisition, development, and management of commercial real estate properties throughout the U.S. The company's real estate portfolio is mainly composed of office properties located in the majority of American metropolitan areas. Piedmont derives majority of its revenue in the form of rental income from tenants in mid- to long-term lease agreements. The vast majority of the company's revenue comes from the leasing of its assets in Washington D.C., New York City, Chicago, Atlanta, Minneapolis, Dallas, and Boston. Piedmont's large customers in terms of rental revenue are U.S. Government entities, business services companies, and financial institutions.
Employees: 150
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
6,322% more call options, than puts
Call options by funds: $1.16M | Put options by funds: $18K
200% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 3 (+2) [Q2]
15% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 75
11.77% more ownership
Funds ownership: 74.0% [Q1] → 85.77% (+11.77%) [Q2]
2% more capital invested
Capital invested by funds: $755M [Q1] → $770M (+$15.5M) [Q2]
3% less funds holding
Funds holding: 233 [Q1] → 227 (-6) [Q2]
17% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 36
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Truist Securities Michael Lewis 84% 1-year accuracy 37 / 44 met price target | 17%upside $11 | Buy Reiterated | 14 Aug 2024 |
Financial journalist opinion
Based on 3 articles about PDM published over the past 30 days