State of Wisconsin Investment Board Purchases Shares of 165,000 Parkway Inc (PKY)
State of Wisconsin Investment Board purchased a new stake in Parkway Inc (NYSE:PKY) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 165,000 shares of the real estate investment trust’s stock, valued at approximately $3,800,000. State of Wisconsin Investment Board owned 0.34% of Parkway as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC grew its holdings in shares of Parkway by 1.1% in the third quarter. Frontier Capital Management Co. LLC now owns 1,099,628 shares of the real estate investment trust’s stock valued at $25,324,000 after purchasing an additional 11,748 shares in the last quarter. Dupont Capital Management Corp grew its holdings in Parkway by 1,109.9% during the 3rd quarter. Dupont Capital Management Corp now owns 83,300 shares of the real estate investment trust’s stock worth $1,918,000 after acquiring an additional 76,415 shares in the last quarter. ARP Americas LLC acquired a new position in Parkway during the 3rd quarter worth approximately $4,231,000. Davidson Kempner Capital Management LP grew its holdings in Parkway by 8.0% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 836,984 shares of the real estate investment trust’s stock worth $19,159,000 after acquiring an additional 61,984 shares in the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new position in Parkway during the 2nd quarter worth approximately $211,000. 97.11% of the stock is currently owned by institutional investors and hedge funds.
Parkway Inc (PKY) opened at $19.04 on Wednesday. Parkway Inc has a twelve month low of $16.39 and a twelve month high of $23.17.
Separately, Mizuho reiterated a “hold” rating and set a $23.00 price target on shares of Parkway in a report on Sunday, October 15th.
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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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