Shares of Parkway Properties Inc. (NYSE:PKY) have been given an average rating of “Hold” by the nine research firms that are presently covering the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.08.

PKY has been the topic of several research reports. Zacks Investment Research raised Parkway Properties from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, October 12th. Stifel Nicolaus initiated coverage on Parkway Properties in a research report on Tuesday, October 18th. They set a “sell” rating and a $17.00 price target on the stock. Raymond James Financial Inc. lowered Parkway Properties from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 31st. Citigroup Inc. lowered Parkway Properties from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 31st. Finally, Robert W. Baird lowered Parkway Properties from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $18.00 in a research report on Wednesday, August 17th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its position in Parkway Properties by 1.7% in the second quarter. Hsbc Holdings PLC now owns 12,298 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 210 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Parkway Properties by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 31,800 shares of the real estate investment trust’s stock valued at $541,000 after buying an additional 300 shares during the last quarter. PineBridge Investments L.P. boosted its position in Parkway Properties by 3.9% in the second quarter. PineBridge Investments L.P. now owns 10,343 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 386 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Parkway Properties by 3.1% in the second quarter. Nisa Investment Advisors LLC now owns 13,200 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 400 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Parkway Properties by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 36,500 shares of the real estate investment trust’s stock valued at $621,000 after buying an additional 400 shares during the last quarter. 97.89% of the stock is owned by institutional investors.

Shares of Parkway Properties (NYSE:PKY) opened at 17.70 on Tuesday. Parkway Properties has a 12 month low of $11.54 and a 12 month high of $23.20. The stock has a market capitalization of $886.20 million, a price-to-earnings ratio of 49.44 and a beta of 1.21. The firm’s 50 day moving average is $17.79 and its 200 day moving average is $17.41.

Parkway Properties Company Profile

Parkway Properties, Inc is an integrated real estate investment trust. The Company is engaged in the acquisition, ownership, development and management of office properties in various submarkets in the Sunbelt region of the United States. The Company holds interests in a portfolio of approximately 40 office properties located in over six states with an aggregate of approximately 14.3 million square feet of leasable space.

5 Day Chart for NYSE:PKY

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