Parkway Properties (PKY) Receiving Somewhat Positive News Coverage, Report Shows
News stories about Parkway Properties (NYSE:PKY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Parkway Properties earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.8732101195036 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Parkway Properties (NYSE PKY) traded down 0.04% on Tuesday, hitting $22.95. The stock had a trading volume of 213,821 shares. The company’s market capitalization is $1.15 billion. The company has a 50 day moving average of $22.94 and a 200 day moving average of $21.04. Parkway Properties has a 12-month low of $16.39 and a 12-month high of $26.20.
A number of research analysts have commented on PKY shares. JMP Securities lowered Parkway Properties from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a research report on Thursday, July 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price objective on shares of Parkway Properties in a research report on Sunday, July 2nd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $21.67.
Parkway Properties 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.
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