Truist Securities Reiterates Buy Rating for PDM
Truist Securities reaffirms its buy rating on PDM with an $11 price target.
Key Points
- Truist Securities reiterated its buy rating on PDM with a price target of $11 on June 15, 2026.
- PDM stock is trading at $9.10, with recent insider buying activity noted on May 12, 2026.
- Institutional investors like BlackRock and Vanguard have increased their stakes in PDM recently.
Truist Securities has reiterated its buy rating on PDM, setting a price target of $11. This reaffirmation was made on June 15, 2026, and suggests confidence in the company's prospects. PDM shares are currently trading at $9.10.
Other Institutional Activity in PDM
Several institutional investors have been active in PDM recently. BlackRock, Inc. grew its holdings by 552,844 shares, ending with 15,071,609 shares valued at about $99.0 million. Vanguard Portfolio Management LLC added a significant 12,487,149 shares, bringing its total to 12,487,149 shares worth approximately $82.0 million. Cohen & Steers, Inc. increased its position by 728,855 shares to hold 7,427,057 shares valued at $48.8 million. Meanwhile, State Street Corp slightly reduced its position by 84,585 shares, leaving it with 5,305,333 shares valued at $34.9 million.
Insider Buying and Selling at Piedmont Realty Trust, Inc.
There was notable insider activity at PDM on May 12, 2026. Jeffrey Donnelly acquired 15,217 shares, while Glenn Gary Cohen, Dale Taysom, Kelly Hefner Barrett, and Stephen Lewis each purchased 12,883 shares. Barbara Lang, however, sold 15,217 shares. These transactions were not part of any planned trading scheme.
Analysts Set New Price Targets
On June 15, 2026, Truist Securities reiterated its buy rating for PDM, setting a price target of $11. Earlier, on March 9, 2026, the firm maintained its buy rating with a $10 target. JP Morgan, in contrast, maintained a hold rating with an $8 target on June 13, 2025. The consensus among analysts suggests a positive outlook for PDM, with a general buy recommendation.
About PDM
PDM is a company involved in [industry/sector details if available]. It operates in [location or global presence] and is known for [key products/services]. The company is guided by [mention of CEO if available], and it employs [number of employees if available].
Bottom Line
Truist Securities' reiteration of a buy rating with an $11 target reflects confidence in PDM's potential. Institutional investors, including BlackRock and Vanguard, have shown interest in the stock, further supporting its outlook. Insider buying activity suggests optimism within the company. It's important to note that these ratings and holdings are based on past filings and may not represent current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.