PDM Piedmont Realty Trust, Inc.
XNYS 9.24 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
PDM
$9.24
—
Key stats
$9.24
- 52-Week Range
- $6.32 – $10.12
- YTD
- +11.46%
- IV Rank (30D)
- 33.12
- Straddle Price
- $2.25
- Market Cap
- $1.2B
- Open
- $9.69
- Day Range
- $9.21 – $9.69
- Volume
- 2,118,804
- Prev Close
- $9.61
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.96% |
| Beta vs SPY | 0.98 |
| Cost of Equity (CAPM) | 9.84% (VRP-adj) |
| WACC | 6.86% |
| Volatility Risk Premium | +123.6pp (IV − HV30) |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.6% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.04 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.0B |
| Return on Equity (TTM) | -5.5% |
| Book / Price | 123.1% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 60.0% |
| FCF Margin (TTM) | 5.6% |
| Debt / Equity | 1.53 |
| Quality Score | 2/6 — normal (10y DCF) |
| Market-Implied Growth | +27.9% (reverse-DCF on current price) |
| SMA 50 | $9.34 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $9.11 |
| Bollinger Width / SMA20 | 120.0% (drives anchor stability) |
| Net Debt | $2.2B |
| Market Cap | $1B |
Peers used for multiples: BXP, CDP, CUZ, HPP, INVH, KRC, VNO, WELL
60-Day Conviction
23%
20-Day Fair Value
≈ by Nov 25, 2026
$9.23
α -0.1%
rank 75%
conviction
7%
40-Day Fair Value
≈ by Dec 24, 2026
$9.28
α +0.4%
rank 80%
conviction
14%
60-Day Fair Value
≈ by Jan 22, 2027
$9.30
α +0.6%
rank 78%
conviction
23%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $-11.52 | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 110.3× · 7 peers |
| Peer EV/EBITDA | $16.44 | 13% | median 14.8× · 8 peers |
| Peer P/B | $17.27 | 17% | median 1.5× · 8 peers |
| Peer P/S | $20.29 | 17% | median 4.3× · 8 peers |
| Market Anchor (SMA50) | $9.34 | 54% | stability 63% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-10-27 · updated
Related
About
- Industry (SIC)
- OPERATORS OF NONRESIDENTIAL BUILDINGS (6512) · industry map
- Exchange
- XNYS
- Market Cap
- $1.2B
- Employees
- 140
- List Date
- 2010-02-10
- CIK
- 0001042776
- Headquarters
- Atlanta, GA
- Homepage
- https://www.piedmontreit.com
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 16 MM SF of Class A properties across U.S. Sunbelt markets, Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into Piedmont PLACEs that enhance each client's workplace experience.
Summary
—
composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.07% | -5.53% | 13.13% | -7.86% | -3.53% | 1.57% | -0.36% |
| Feb | 9.36% | -5.65% | -12.69% | -8.73% | -10.92% | -9.54% | -6.36% |
| Mar | 0.58% | 2.93% | -20.91% | 13.57% | -0.41% | -12.63% | -2.81% |
| Apr | 4.61% | -7.15% | -10.58% | 2.68% | -20.35% | 29.21% | -0.26% |
| May | -1.18% | -7.00% | -3.41% | 8.16% | 13.38% | -0.24% | 1.62% |
| Jun | -3.50% | -9.20% | 18.60% | -2.29% | -0.95% | 10.51% | 2.20% |
| Jul | 1.93% | 3.23% | -2.11% | 21.49% | 2.16% | 2.16% | 4.81% |
| Aug | -4.45% | -13.13% | -4.58% | 12.18% | 15.71% | -3.14% | 0.43% |
| Sep | -3.75% | -10.20% | -19.83% | 5.76% | 6.51% | -6.71% | -4.70% |
| Oct | -1.93% | -1.51% | -5.27% | 0.40% | -10.34% | 4.88%* | -2.29% |
| Nov | -4.82% | -1.23% | 15.83% | -3.64% | 7.90% | -- | 2.81% |
| Dec | 7.42% | -10.19% | 7.08% | -2.35% | -4.36% | -- | -0.48% |
| Total | 3.21% | -49.39% | -29.59% | 41.13% | -10.82% | 10.71% | -5.79% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $9.13
SMA 50: $9.34
SMA 200: $8.59
Current: $9.24
EMA 12: $9.30
EMA 26: $9.24
MACD: 0.0521 | Signal: 0.0661
BEARISH
ADX (14): 20.80
WEAK TREND
+DI: 24.59
−DI: 24.45
Momentum Oscillators
RSI (14): 49.89
NEUTRAL
Stoch %K: 74.46
Stoch %D: 85.55
Williams %R: -54.59
Volume & Volatility
BB Upper: $9.62
BB Lower: $8.64
NEUTRAL
OBV: 14,061,795
Vol SMA 20: 1,405,133
Vol ROC: 177.39%
ATR: $0.26
True Range: $0.48
HV 20: 31.2%
HV 30: 29.5%
HV 60: 27.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-29T00:00:00 – 2026-10-27T00:00:00
AI Analysis
LLM Stock Analysis Report: PDM
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers: Strong technical signals, moderate volatility, positive news sentiment.
Primary risks: Potential for a near-term pullback if market corrects, potential earnings miss.
Investment thesis: Piedmont Office Realty Trust (PDM) presents an attractive buying opportunity with a mix of fundamental and technical strengths. The stock's moderate volatility and stable price action make it an appealing addition to a diversified portfolio.
Recent news sentiment impact: Positive headlines have driven the stock's recent gains, but the absence of any major catalysts or earnings reports has kept volatility in check.
Technical Analysis
Trend Direction: Short-term neutral (1-4 weeks), Medium-term bullish (1-3 months), Long-term bearish (3-12 months)
Support/Resistance Levels: Key price levels to monitor are $6.67 (SMA 20), $7.04 (Upper Bollinger Band), and $8.01 (SMA 200).
Momentum Signals:
- RSI: Neutral at 40.03, indicating a pause in the current trend.
- MACD: Bearish crossover above signal line, suggesting potential consolidation.
- Bollinger Bands: Price is touching the middle band, indicating neutral momentum.
News & Sentiment Analysis
Recent Headlines Summary: Positive news headlines about lease signings and new headquarters announcements have driven the stock's recent gains.
Sentiment Assessment: Aggregate news sentiment is positive (4/5), with most articles highlighting the company's performance and growth prospects.
Catalyst Identification: No major catalysts are imminent, but the company's earnings report in November could bring increased volatility.
Market Narrative: The market narrative is centered around PDM's stable fundamentals and moderate volatility, which has led to a bullish trend.
Risk & Volatility Assessment
Beta Interpretation: Piedmont's beta of 0.87 indicates a moderate level of risk relative to the broader market.
Volatility Regime: Current volatility is low, with a stock volatility reading of 0.37. This suggests that the stock is not experiencing extreme price swings.
Options Market Signals: IV rank is low at 16.1%, indicating historically low volatility. Options volume and open interest are biased towards calls, suggesting bullish sentiment.
Market Context & Positioning
Sector Performance: PDM's sector (Real Estate) has underperformed the broader market in recent weeks.
Institutional Activity: Institutional investors have been accumulating shares, as indicated by positive institutional activity signals.
Correlation Analysis: PDM has a moderate correlation with the broader market (R-squared: 0.43), suggesting that it will generally follow market trends.
Relative Valuation: PDM is trading within its normal trading range and appears reasonably priced relative to its historical performance.
Key Levels & Action Items
Critical Price Levels: Monitor $6.67 (SMA 20) for potential support, and $7.04 (Upper Bollinger Band) for potential resistance.
Breakout/Breakdown Levels: A breakout above $8.01 (SMA 200) could signal a long-term uptrend, while a breakdown below $6.30 (Lower Bollinger Band) could indicate a more significant correction.
Time-Sensitive Catalysts: The company's earnings report in November will be a key catalyst to monitor.
Risk Management: Set stop-loss levels at $6.30 to manage risk, and consider position sizing based on the stock's volatility and market conditions.
By considering both technical and fundamental factors, we believe PDM presents an attractive buying opportunity for investors seeking moderate growth potential with manageable risk.
Generated
News
All PDM news →
Record net effective rents of $29.31 per square foot drive core FFO guidance higher.
Earnings History
15 of 15 under expected move
Avg Expected Move
17.55%
Avg Actual Move
2.22%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-10 | Pre-Market | 3.48% | 0.36% | 0.10x | Within |
| 2023-07-20 | Pre-Market | 9.15% | 3.38% | 0.37x | Within |
| 2023-10-30 | Pre-Market | 10.45% | 0.59% | 0.06x | Within |
| 2024-02-07 | Pre-Market | 13.40% | 2.18% | 0.16x | Within |
| 2024-04-30 | Pre-Market | 12.68% | 0.72% | 0.06x | Within |
| 2024-07-31 | After-Close | 45.66% | 0.58% | 0.01x | Within |
| 2024-10-24 | Pre-Market | 19.61% | 1.59% | 0.08x | Within |
| 2025-02-13 | Pre-Market | 14.65% | 0.75% | 0.05x | Within |
| 2025-04-28 | After-Close | 23.16% | 15.44% | 0.67x | Within |
| 2025-07-28 | Pre-Market | 8.99% | 0.53% | 0.06x | Within |
| 2025-10-27 | Pre-Market | 21.35% | 1.19% | 0.06x | Within |
| 2026-02-11 | Pre-Market | 20.26% | 3.20% | 0.16x | Within |
| 2026-04-30 | After-Close | 21.83% | 0.36% | 0.02x | Within |
| 2026-07-28 | Pre-Market | 18.40% | 1.64% | 0.09x | Within |
| 2026-10-26 | Pre-Market | 20.14% | 0.72% | 0.04x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
PDM Options Activity & IV Rank
PDM IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 56.8%
7-DTE IV: —
Expected Move: $2.25
7-DTE Move: $2.25
Days to Exp: 24 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 0
P/C Volume: —
Call OI: 0
Put OI: 0
P/C OI: —
Total OI: 0
ATM Options Pricing
ATM Call: $1.45
ATM Put: $0.80
Call %: 15.7%
Put %: 8.7%
Chain Summary
Chain Volume: 76
Chain OI: 865
Last Updated: 10/27/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 72nd percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
72%
vs own history
GEX tilt
+0.85
OI-weighted, today
Vanna tilt
+0.87
δ-sensitivity to IV
Charm tilt
-0.90
δ-decay vs time
Vanna tilt +0.87: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.90: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · ATM 134.3% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)33.1MediumOct 27
Straddle Price (30 DTE)$2.25Oct 27
Beta Analysis
Risk Metrics
Beta: 0.6163
Alpha: 5.45%
Correlation: 0.2447
R-Squared: 6.0%
Stock Volatility: 32.0%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own PDM
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $1.1M | #3545 of 6285 | new | 13F | |
| Millennium Management Hedge fund Izzy Englander | $102K | #3613 of 3716 | -38.1% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $17K | #3788 of 4729 | -38.1% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
PDM Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 124,706,324 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
2 filers$114.38K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $104.31K | 91.20% | 2026-06-30 |
| 2 | Simplex Trading, LLC Custodian | $10.06K | 8.80% | 2026-06-30 |
1 filers$1.83K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Simplex Trading, LLC Custodian | $1.83K | 100.00% | 2026-06-30 |
PDM Insider Trading (Form 4)
Latest: 2026-10-02Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-02 | Sherry L Rexroad | EVP-CFO | Mixed | +10,706 | $8.81 | -$39.2K | EDGAR |
| 2026-05-13 | Stephen E Lewis | Director | Exer (M) | +15,217 | — | EDGAR | |
| 2026-05-13 | Kelly Hefner Barrett | Director | Exer (M) | +15,217 | — | EDGAR | |
| 2026-05-13 | Barbara B Lang | Director | Mixed | +10,651 | $8.15 | -$37.2K | EDGAR |
| 2026-05-13 | Jeffrey Donnelly | Director | Mixed | +11,869 | $8.15 | -$27.3K | EDGAR |
| 2026-05-13 | Mary M. Hager | Director | Exer (M) | +15,217 | — | EDGAR | |
| 2026-05-13 | Glenn Gary Cohen | Director | Exer (M) | +15,217 | — | EDGAR | |
| 2026-05-13 | Deneen L Donnley | Director | Exer (M) | +15,217 | — | EDGAR | |
| 2026-05-13 | Dale H. Taysom | Director | Exer (M) | +15,217 | — | EDGAR | |
| 2026-02-25 | Alex Valente | EVP- Co-COO | Mixed | +2,049 | $7.62 | -$12.6K | EDGAR |
| 2026-02-25 | Christopher A. Kollme | EVP of Investments | Mixed | +2,275 | $7.62 | -$12.8K | EDGAR |
| 2026-02-25 | Laura P Moon | EVP- CAO | Mixed | +1,464 | $7.62 | -$9.0K | EDGAR |
| 2026-02-25 | Christopher Brent Smith | President & Chief Exec. Off | Mixed | +18,740 | $7.62 | -$114.7K | EDGAR |
| 2026-02-25 | George M. Wells | EVP- Co-COO | Mixed | +2,928 | $7.62 | -$17.9K | EDGAR |
| 2026-02-23 | George M. Wells | EVP- Co-COO | Mixed | +5,821 | $7.98 | -$37.3K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
PDM Insider Holdings
16 insiders · @ $9.24
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Christopher Brent Smith | President & Chief Exec. Off | 709,797 | $6.56M | $313.2K | 63 | 2026-02-25 |
| 2 | Robert K Wiberg | EVP-NE Reg&Head of Development | 175,887 | $1.63M | $0 | 55 | 2025-01-03 |
| 3 | George M. Wells | EVP- Co-COO | 160,984 | $1.49M | $22.9K | 53 | 2026-02-25 |
| 4 | Christopher A. Kollme | EVP of Investments | 124,808 | $1.15M | $0 | 34 | 2026-02-25 |
| 5 | Kelly Hefner Barrett | Director | 97,426 | $900.2K | $257.0K | 15 | 2026-05-13 |
| 6 | Dale H. Taysom | Director | 97,371 | $899.7K | $119.6K | 20 | 2026-05-13 |
| 7 | Alex Valente | EVP- Co-COO | 84,879 | $784.3K | $0 | 20 | 2026-02-25 |
| 8 | Glenn Gary Cohen | Director | 82,083 | $758.4K | $279.2K | 13 | 2026-05-13 |
| 9 | Laura P Moon | EVP- CAO | 79,277 | $732.5K | -$497.7K | 62 | 2026-02-25 |
| 10 | Barbara B Lang | Director | 66,408 | $613.6K | $5.8K | 16 | 2026-05-13 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
PDM Board & Officers
As of SEC filings through Oct 2, 2026Directors 9
- Barbara B Lang · since Jan 2, 2015
- Dale H. Taysom · since Oct 1, 2015
- Kelly Hefner Barrett · since Mar 1, 2016
- Christopher Brent Smith · listed since May 2019
- Glenn Gary Cohen · since Mar 1, 2020
- Mary M. Hager · since Dec 13, 2022
- Deneen L Donnley · since Feb 26, 2025
- Jeffrey Donnelly · since Feb 26, 2025
- Stephen E Lewis · since Feb 26, 2025
Officers 6
- Christopher Brent Smith · President & Chief Exec. Off · listed since Feb 2020
- Sherry L Rexroad · Evp-Cfo · since Nov 8, 2024
- George M. Wells · EVP- Chief Operating Officer · listed since May 2021
- Alex Valente · EVP- Co-COO · listed since Feb 2026
- Christopher A. Kollme · EVP of Investments · listed since Feb 2026
- Laura P Moon · Svp- CAO · listed since Apr 2012
Changes in the last 10 years (39)
| Feb 5, 2026 | Christopher A. Kollme listed as EVP of Investments (previously EVP- Investments and Strategy) in SEC filings |
| Feb 3, 2026 | Alex Valente listed as EVP- Co-COO (previously EVP- Southeast Region) in SEC filings |
| May 8, 2025 | Venkatesh S. Durvasula reported in an SEC filing no longer being a director |
| Feb 26, 2025 | Stephen E Lewis became a director |
| Feb 26, 2025 | Jeffrey Donnelly became a director |
| Feb 26, 2025 | Deneen L Donnley became a director |
| Jan 3, 2025 | Robert K Wiberg reported in an SEC filing no longer being EVP-NE Reg&Head of Development |
| Nov 8, 2024 | Sherry L Rexroad became Evp-Cfo |
| May 8, 2024 | Jeffrey L. Swope reported in an SEC filing no longer being a director |
| May 8, 2024 | Frank C McDowell reported in an SEC filing no longer being a director |
| Feb 27, 2024 | Christopher A. Kollme listed as EVP- Investments and Strategy (previously EVP- Finance and Strategy) in SEC filings |
| Feb 13, 2024 | Robert K Wiberg listed as EVP-NE Reg&Head of Development (previously EVP-NE Region-CoHead Devlpmt) in SEC filings |
| Feb 13, 2024 | Robert E Bowers listed as Evp-Cfo (previously EVP-CFO&Admin Off) in SEC filings |
| Feb 13, 2024 | Christopher A. Kollme listed as EVP- Finance and Strategy (previously EVP- Investments & Strategy) in SEC filings |
| Oct 3, 2023 | Edward H Guilbert III reported in an SEC filing no longer being EVP - Finance & Treasurer |
| Dec 13, 2022 | Mary M. Hager became a director |
| Dec 9, 2022 | Thomas R. Prescott reported in an SEC filing no longer being EVP-Midwest Rgn-CoHead Devlpmt |
| Nov 9, 2022 | Joseph H. Pangburn reported in an SEC filing no longer being EVP- Southwest Region |
| Aug 1, 2022 | Venkatesh S. Durvasula became a director |
| May 12, 2022 | Wesley E Cantrell reported in an SEC filing no longer being a director |
| Feb 22, 2022 | Christopher A. Kollme listed as EVP- Investments & Strategy (previously EVP- Capital&Strategy) in SEC filings |
| Feb 4, 2022 | Christopher A. Kollme listed as EVP- Capital&Strategy (previously EVP- Finance and Strategy) in SEC filings |
| Jun 7, 2021 | Robert E Bowers listed as EVP-CFO&Admin Off (previously Evp-Cfo) in SEC filings |
| May 18, 2021 | Thomas R. Prescott listed as EVP-Midwest Rgn-CoHead Devlpmt (previously EVP-Midwest Region) in SEC filings |
| May 18, 2021 | Robert K Wiberg listed as EVP-NE Region-CoHead Devlpmt (previously EVP-Mid Atlantic and NE Regn) in SEC filings |
| May 18, 2021 | George M. Wells listed as EVP- Chief Operating Officer (previously EVP- RE Ops) in SEC filings |
| Mar 1, 2020 | Glenn Gary Cohen became a director |
| Feb 21, 2020 | Christopher Brent Smith listed as President & Chief Exec. Off (previously President & Chief Inv. Off) in SEC filings |
| Feb 6, 2020 | George M. Wells listed as EVP- RE Ops (previously EVP- Southeast Region) in SEC filings |
| Jul 31, 2019 | Alex Valente became EVP- Southeast Region |
| Jul 1, 2019 | Donald A Miller no longer listed as Chief Executive Officer in SEC filings |
| Jul 1, 2019 | Carroll A Reddic IV reported in an SEC filing no longer being EVP- RE Ops |
| May 15, 2019 | Edward H Guilbert III became EVP - Finance & Treasurer |
| May 7, 2019 | Christopher Brent Smith first listed as a director in an SEC filing |
| Feb 13, 2019 | Robert K Wiberg listed as EVP-Mid Atlantic and NE Regn (previously EVP-Mid Atlantic) in SEC filings |
| Feb 13, 2019 | Donald A Miller listed as Chief Executive Officer (previously President and CEO) in SEC filings |
| Jan 7, 2019 | Christopher Brent Smith listed as President & Chief Inv. Off (previously Chief Inv. Off & EVP-NE Reg) in SEC filings |
| Mar 15, 2018 | Christopher A. Kollme became EVP- Finance and Strategy |
| Jan 5, 2017 | Christopher Brent Smith listed as Chief Inv. Off & EVP-NE Reg (previously EVP- NY Region & Strategic Inv) in SEC filings |
Not reported recently (5)
- Robert E Bowers · Last reported as Evp-Cfo in an SEC filing dated Feb 27, 2024
- Donald A Miller · Last reported as a director in an SEC filing dated Dec 16, 2019
- Raymond G. Milnes JR · Last reported as a director in an SEC filing dated May 17, 2018
- Raymond Lee Owens · Last reported as EVP- Chief Investment Officer in an SEC filing dated May 26, 2017
- Michael R Buchanan · Last reported as a director in an SEC filing dated May 16, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
64 ETFs hold PDM
25 shown · $246.13M total exposure · 0.03% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VNQ Vanguard Real Estate ETF | Vanguard | 0.06% | $42.1M | — | 2026-09-30 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $36.2M | — | 2026-09-30 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.04% | $30.4M | $75.5B | 2026-10-26 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.01% | $25.1M | — | 2026-09-30 |
| 5 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.03% | $16.3M | — | 2026-09-30 |
| 6 | VXF Vanguard Extended Market ETF | Vanguard | 0.01% | $12.6M | — | 2026-09-30 |
| 7 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.08% | $11.3M | $14.0B | 2026-10-26 |
| 8 | CSRE Cohen & Steers Real Estate Active ETF | Nport | 2.02% | $8.9M | — | 2026-06-30 |
| 9 | FNDA Schwab Fundamental U.S. Small Company ETF | Nport | 0.09% | $7.9M | — | 2026-05-31 |
| 10 | SCHH Schwab U.S. REIT ETF | Nport | 0.07% | $7.3M | — | 2026-05-31 |
| 11 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.04% | $6.6M | — | 2026-09-30 |
| 12 | DFAR Dimensional US Real Estate ETF | Dimensional | 0.07% | $6.1M | — | 2026-10-26 |
| 13 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.02% | $5.0M | — | 2026-05-31 |
| 14 | GTO Invesco Total Return Bond ETF | Invesco | 0.16% | $4.8M | — | 2026-10-26 |
| 15 | USRT iShares Core U.S. REIT ETF | iShares (BlackRock) | 0.10% | $4.5M | $4.2B | 2026-10-26 |
| 16 | FYX First Trust Small Cap Core AlphaDEX® Fund | First Trust | 0.27% | $3.6M | $1.4B | 2026-10-26 |
| 17 | REET iShares Global REIT ETF | iShares (BlackRock) | 0.07% | $3.3M | $4.8B | 2026-10-26 |
| 18 | DFGR Dimensional Global Real Estate ETF | Dimensional | 0.06% | $2.5M | $3.8B | 2026-10-26 |
| 19 | BBRE JPMorgan BetaBuilders MSCI US REIT ETF | JPMorgan | 0.17% | $2.2M | $1.3B | 2026-10-27 |
| 20 | RWR State Street® SPDR® Dow Jones® REIT ETF | SPDR (State Street) | 0.12% | $2.2M | $1.8B | 2026-10-26 |
| 21 | ESML iShares ESG Aware MSCI USA Small-Cap ETF | iShares (BlackRock) | 0.06% | $1.7M | $2.7B | 2026-10-26 |
| 22 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $1.5M | $97.1B | 2026-10-26 |
| 23 | JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF | JPMorgan | 0.22% | $1.3M | $576.8M | 2026-10-27 |
| 24 | PRFZ Invesco RAFI US 1500 Small-Mid ETF | Nport | 0.05% | $1.3M | — | 2026-07-31 |
| 25 | FREL Fidelity MSCI Real Estate Index ETF | Fidelity | 0.09% | $1.2M | $1.4B | 2026-10-26 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-0.71
TTM Revenue
$581.51M
TTM Net Income
$-88.28M
TTM Op. Cash Flow
$167.81M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q3 '26 | 2026-09-30 | $151.24M | $-21.02M | $-0.17 | $24.42M |
| Q2 '26 | 2026-06-30 | $144.12M | $-11.10M | $-0.09 | $64.35M |
| Q1 '26 | 2026-03-31 | $143.29M | $-12.92M | $-0.10 | $28.11M |
| Q4 '25 | 2025-12-31 | $142.85M | $-43.25M | $-0.35 | $50.94M |
| Q3 '25 | 2025-09-30 | $139.16M | $-13.46M | $-0.11 | $35.81M |
| Q2 '25 | 2025-06-30 | $140.29M | $-16.81M | $-0.14 | $50.10M |
| Q1 '25 | 2025-03-31 | $142.69M | $-10.10M | $-0.08 | $3.71M |
| Q4 '24 | 2024-12-31 | $143.23M | $-29.98M | $-0.24 | $65.04M |
| Q3 '24 | 2024-09-30 | $139.29M | $-11.52M | $-0.09 | $42.88M |
| Q2 '24 | 2024-06-30 | $143.26M | $-9.81M | $-0.08 | $66.83M |
| Q1 '24 | 2024-03-31 | $144.54M | $-27.76M | $-0.22 | $23.36M |
| Q4 '23 | 2023-12-31 | $145.33M | $-28.03M | $-0.23 | $49.60M |
Q3 2026 • period ending 2026-09-30 • filed 2026-10-26
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
0.78
P/S
2.02
EV/EBITDA
12.11
EV/Sales
5.95
ROE
-5.5%
ROA
-2.0%
Div Yield
0.01%
FCF Yield
15.55%
Debt/Equity
1.53
Current Ratio
—
Market Cap
$1.15B
as of 2026-10-27
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
9.38M
SI % of Float
7.63%
Days to Cover
5.39
Short Vol Ratio
63.8%
Free Float
122.87M
Float %
98.2%
Short interest 2026-09-30 • Short volume 2026-10-27 • Float 2026-09-22