Parkway Inc (NYSE:PKY) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $1.52-$1.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.48.

Parkway Inc (NYSE:PKY) traded up 1.22% during mid-day trading on Friday, reaching $19.86. The company’s stock had a trading volume of 43,955 shares. The company’s market cap is $994.05 million. Parkway Inc has a 52-week low of $16.39 and a 52-week high of $26.20. The firm has a 50 day moving average price of $20.07 and a 200 day moving average price of $20.61.

Parkway (NYSE:PKY) last issued its earnings results on Monday, May 8th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. Parkway had a net margin of 23.58% and a return on equity of 6.36%. The company had revenue of $71.40 million for the quarter, compared to analysts’ expectations of $70.67 million. Equities research analysts anticipate that Parkway Inc will post ($0.60) earnings per share for the current year.

Earnings History and Estimates for Parkway (NYSE:PKY)

Several equities research analysts recently issued reports on PKY shares. Zacks Investment Research upgraded shares of Parkway from a sell rating to a hold rating in a report on Wednesday, May 3rd. Mizuho restated a neutral rating and issued a $20.00 target price on shares of Parkway in a report on Monday, March 27th. Finally, Capital One Financial Corp. upgraded shares of Parkway from an equal weight rating to an overweight rating and set a $25.00 target price on the stock in a report on Tuesday, February 21st. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $21.00.

TRADEMARK VIOLATION WARNING: “Parkway Inc (PKY) Updates FY17 Earnings Guidance” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/05/19/parkway-inc-pky-issues-fy17-earnings-guidance-updated.html.

Several hedge funds have recently made changes to their positions in PKY. Renaissance Technologies LLC purchased a new stake in shares of Parkway during the first quarter valued at approximately $1,227,000. Dimensional Fund Advisors LP increased its stake in shares of Parkway by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 630,143 shares of the real estate investment trust’s stock valued at $12,533,000 after buying an additional 36,143 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Parkway by 3.4% in the first quarter. Teachers Advisors LLC now owns 71,563 shares of the real estate investment trust’s stock valued at $1,423,000 after buying an additional 2,339 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Parkway Company Profile

Parkway, Inc is a self-managed real estate investment trust (REIT). The Company owns and operates office properties located in submarkets in Houston, Texas. As of December 31, 2016, the Company’s portfolio consisted of five Class A assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston.

5 Day Chart for NYSE:PKY

Receive News & Stock Ratings for Parkway Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parkway Inc and related stocks with our FREE daily email newsletter.