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PDMPiedmont Realty Trust, Inc.Sell4.4·$9.62+0.10%
SellModerate Confidence
Investment thesis

Piedmont Realty Trust screens cheap on an FFO-proxy basis, but a persistent 4-quarter earnings miss streak, quality just below the engine's floor, and a negative asymmetry ratio suggest the office REIT's discount reflects structural, not temporary, weakness.

Thesis pillars

  • Office Reit Fcf Yield ValueStable
  • Consistent Earnings Miss StreakStable
  • Quality Below Engine FloorStable
  • +2 more pillars — see the Why tab for full reasoning

Full reasoning →

Open full analysis

Piedmont Realty Trust, Inc. (PDM) Stock Analysis

Breakout setup

SellModerate Confidence

Real Estate · REIT - Office

Sell if holding. Engine safety override at $9.62: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.4/10. Specifically: Below-average business quality.

Piedmont Realty Trust Inc. is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of approximately 16 MM SF of Class A properties across major U.S. Sunbelt markets,... Read more

$9.62-0.4% A.UpsideScore 4.4/10#13 of 17 REIT - Office
QualityF-score6 / 9FCF yield20.43%
IncomeYield6.27%(5y avg 6.79%)Payout0.00%
Stop $9.02Target $9.58(resistance)A.R:R -1.1:1
Analyst target$10.00+4.0%3 analysts
$9.58our TP
$9.62price
$10.00mean
$9
$11

Sell if holding. Engine safety override at $9.62: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.4/10. Specifically: Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 60, MACD bullish. Score 4.4/10, moderate confidence.

Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 22d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Tue, Jul 28, 202622d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Concentration risk — Property Type: office
Concentration risk — Geographic: Sunbelt markets (70.0%)
Target reached (-11.6% upside)

Key Metrics

P/E (TTM)
P/E (Fwd)-96.1
Mkt Cap$1.2B
EV/EBITDA13.1
Profit Mgn-15.3%
ROE-5.7%
Rev Growth0.4%
Beta1.35
Dividend6.27%
Rating analysts7

Quality Signals

Piotroski F6/9

Concentration Risks(10-K Item 1A)

  • HIGHPropertyoffice
    10-K Item 1A: 'Because our portfolio consists exclusively of office properties, we are subject to risks inherent in investments in a single property type.'
  • HIGHGeographicSunbelt markets70%
    10-K Item 1: 'Collectively, over 70% of our ALR is generated from our properties located in our Sunbelt markets.'

Material Events(8-K, last 90d)

  • 2026-05-12Item 5.02LOW
    Stockholders approved the Third Amended and Restated Omnibus Incentive Plan on May 12, 2026, increasing shares available for issuance by 5,000,000 (13,666,667 to 18,666,667). Routine compensatory plan amendment; no officer departure.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Methodology · Editorial policy & full disclaimer

Rating Breakdown

4 floor-breakers

Growth below the gate floor. Component breakdown shows what dragged the score down.static

Revenue Growth
2.6
Low model confidence on this dimension (33%).

No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static

Earnings History
0.0
Surprise Avg
0.0
Erm
5.0
Earnings Timing
5.0
Dividend Safety
5.2
Earnings concerns: 0B/4MDividend: 627.0%

Unprofitable operations — net margin -15.3%. Quality floor flags this regardless of sector context.static

Roe
0.0
Net Margin
0.0
Roa
0.8
Current Ratio
2.1
Moat
4.6
Operating Margin
5.2
Fcf Quality
6.0
Piotroski F
6.7
Gross Margin
8.0
FCF-positive but moderate margins (FCF margin 43%, FCF yield 20.4%)No competitive moat

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Bollinger
0.3
Support Resistance
1.4
52w Position
9.7
GatesA.R:R -1.1=NEGATIVEExecutive change: officer departure/appointmentMomentum 6.5>=5.5Insider activity: OKNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 22d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARBreakoutSuitability: Aggressive
RSI
60 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $8.65Resistance $9.78

Price Targets

$9
$10
A.Upside-0.4%
A.R:R-1.1:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-11.6% upside)
! Quality below floor (3.7 < 4.0)
! Negative risk/reward — downside exceeds upside

Earnings

M
M
M
M
0/4 beats
Next Earnings2026-07-28 (22d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is PDM stock a buy right now?

Sell if holding. Engine safety override at $9.62: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.4/10. Specifically: Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 60, MACD bullish. Prior stop was $9.02. Score 4.4/10, moderate confidence.

What is the PDM stock price target?

Take-profit target: $9.58 (-0.4% upside). Prior stop was $9.02. Stop-loss: $9.02.

What are the risks of investing in PDM?

Concentration risk — Property Type: office; Concentration risk — Geographic: Sunbelt markets (70.0%); Target reached (-11.6% upside).

Is PDM overvalued or undervalued?

Piedmont Realty Trust, Inc. trades at a P/E of N/A (forward -96.1). TrendMatrix value score: 4.7/10. Verdict: Sell.

What do analysts say about PDM?

7 analysts cover PDM with a consensus score of 3.7/5. Average price target: $10.

What does Piedmont Realty Trust, Inc. do?Piedmont Realty Trust Inc. is a fully integrated, self-managed real estate investment company focused on delivering an...

Piedmont Realty Trust Inc. is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer and operator of approximately 16 MM SF of Class A properties across major U.S. Sunbelt markets, Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into premier piedmont places that enhance each client's workplace experience. Piedmont Realty Trust, Inc. was incorporated in 1997 and is based in Atlanta, United States.

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