A new Securities and Exchange Commission filing shows PNC Financial Services Group increasing its holdings in Piedmont Realty Trust by 7.4 percent during the first quarter. The bank now controls 25,929 shares of the real-estate investment trust—an investment worth roughly $191,000.
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PNC Financial Services Group Inc. Has $191,000 Stake in Piedmont Realty Trust, Inc. $PDM
Key Takeaways:
- PNC raised its Piedmont Realty Trust stake by 7.4 percent in Q1.
- The bank now owns 25,929 shares of PDM.
- It acquired an additional 1,781 shares during the quarter.
- The position is valued at about $191,000.
- Details come from PNC’s latest 13F filing with the SEC.
PNC’s Latest Filing
The newest 13F report filed with the U.S. Securities and Exchange Commission reveals that PNC Financial Services Group Inc. has quietly increased its exposure to Piedmont Realty Trust, Inc. (NYSE: PDM). The filing, covering the first quarter of the year, shows the banking giant holding 25,929 shares of the real-estate investment trust.
A Measured Increase
The position represents a 7.4 percent bump from the previous quarter. In share terms, PNC bought an additional 1,781 shares, bringing the total market value of its stake to roughly $191,000.
Table 1: PNC’s Position in Piedmont Realty Trust
| Metric | Previous Quarter | Current Quarter | Change | |——–|—————–|—————–|——–| | Shares Held | 24,148 | 25,929 | +1,781 | | Percent Change | — | — | +7.4 % | | Estimated Value* | — | ~$191,000 | — |
*Value based on figures cited in the SEC filing headline.
Why 13F Filings Matter
Quarterly 13F disclosures offer a rare peek into the investment moves of large institutional investors. For market watchers, PNC’s filing provides a snapshot of how one of the nation’s largest financial services firms is positioning itself in the real-estate sector.
About Piedmont Realty Trust
Piedmont Realty Trust, structured as a real-estate investment trust, focuses on owning and operating high-quality office properties. While the filing does not explain PNC’s rationale, the purchase signals continued institutional interest in the company.
Looking Ahead
With its stake now approaching 26,000 shares, PNC joins a roster of investors keeping a close eye on Piedmont’s performance in a shifting commercial-property landscape. For now, the numbers tell the story: a deliberate, 7.4 percent vote of confidence, quantified and signed in an SEC document.
