Zacks upgrades Piedmont Realty Trust stock to strong buy
Published on 10/21/2026 at 02:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalysts and earnings dates
- Zacks Research upgraded Piedmont Realty Trust on October 17, 2026.
- Second-quarter revenue reached USD 144.12 million in Q2 2026.
- Third-quarter results are scheduled for October 26, 2026.
Piedmont Realty Trust (ISIN US7201902068) was upgraded by Zacks Research from a Hold rating to a Strong Buy rating in a report released on October 17, 2026, according to MarketBeat. The broader consensus remained Hold with a USD 10.67 target, giving the rating change a clear counterpoint.
Recent events set the context
On September 14, 2026, Piedmont Realty Trust announced a USD 200 million exchangeable senior notes offering through its investor-relations page, Piedmont Realty Trust.
On October 1, 2026, Chief Financial Officer Sherry Rexroad sold 4,446 shares at an average price of USD 8.81, according to MarketBeat. On October 17, 2026, Zacks Research moved its rating from Hold to Strong Buy.
What does the upgrade change?
The upgrade strengthens the bullish side of the debate, but the operating figures remain mixed. Piedmont reported second-quarter 2026 revenue of USD 144.12 million against a USD 133.68 million consensus estimate, while adjusted earnings per share came in at a loss of USD 0.09 versus an expected loss of USD 0.06, according to MarketBeat.
Upcoming results and call dates
Piedmont Realty Trust is scheduled to release third-quarter 2026 results after the New York Stock Exchange close on October 26, 2026, followed by a conference call on October 27, 2026, at 9:00 a.m. ET, according to WBOC. MarketBeat lists consensus estimates of USD 146.80 million in revenue and a loss of USD 0.0483 per share for the third quarter.
Office portfolio remains central
Piedmont Realty Trust describes itself as a self-managed real estate investment company focused on Class A office properties across major U.S. Sun Belt markets. Its investor-relations page lists 2025 revenue of USD 565 million and identifies the company as a NYSE-listed real estate investment trust.
Piedmont Realty Trust at a glance
- Company: Piedmont Realty Trust, Inc.
- ISIN: US7201902068
- Ticker: PDM
- Primary exchange: NYSE
- Market capitalization: USD 1.1 billion (as of October 17, 2026)
- 52-week range: USD 6.32-10.13 (as of October 17, 2026)
- Sector / Industry: Real estate / office real estate investment trust
Market context: Market report S&P 500.
