Noteworthy Rating Filing: Parkway (NYSE:PKY) Gets Coverage From JMP Securities with $22 PT

November 29, 2016 - By Adrian Mccoy

Noteworthy Rating Filing: Parkway (NYSE:PKY) Gets Coverage From JMP Securities with $22 PT

Why JMP Securities Gives Parkway (NYSE:PKY) $22 Price Target

Research professionals at JMP Securities issued Mkt Outperform rating on Parkway (NYSE:PKY). The firm has initiated coverage in analysts report revealed on Tuesday, 29 November. JMP Securities’s target suggests upside of 16.77% from the company’s last close price.

Parkway Inc (NYSE:PKY) Ratings Coverage

Out of 9 analysts covering Parkway Properties (NYSE:PKY), 2 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 22% are positive. $20 is the highest target while $15 is the lowest. The $17.36 average target is -7.86% below today’s ($18.84) stock price. Parkway Properties has been the topic of 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Robert W. Baird on Wednesday, August 17. The company was upgraded on Wednesday, August 5 by Zacks. Barclays Capital maintained it with “Overweight” rating and $16 target price in Friday, March 11 report. DA Davidson downgraded the shares of PKY in a report on Friday, May 13 to “Neutral” rating. Raymond James downgraded the shares of PKY in a report on Wednesday, August 31 to “Market Perform” rating. RBC Capital Markets downgraded the shares of PKY in a report on Monday, August 10 to “Outperform” rating. Mizuho upgraded the shares of PKY in a report on Monday, November 23 to “Buy” rating. The company was downgraded on Monday, May 2 by Mizuho. The stock of Parkway Inc (NYSE:PKY) has “Overweight” rating given on Tuesday, July 19 by Barclays Capital. The firm earned “Hold” rating on Monday, May 2 by Sandler O’Neill.

About 164,150 shares traded hands. Parkway Inc (NYSE:PKY) has risen 18.93% since April 26, 2016 and is uptrending. It has outperformed by 13.67% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.69 in 2016 Q2. Its down 0.51, from 1.2 in 2016Q1. The ratio is negative, as 19 funds sold all Parkway Inc shares owned while 56 reduced positions. 33 funds bought stakes while 57 increased positions. They now own 105.55 million shares or 2.37% less from 108.11 million shares in 2016Q1.

Parametric Associates Ltd has invested 0% of its portfolio in Parkway Inc (NYSE:PKY). Guggenheim Capital Ltd Limited Liability Company accumulated 862,670 shares or 0.05% of the stock. State Of New Jersey Common Pension Fund D has invested 0.01% of its portfolio in Parkway Inc (NYSE:PKY). Paloma Prns Mgmt has 0.01% invested in the company for 54,489 shares. Teacher Retirement Sys Of Texas last reported 0% of its portfolio in the stock. The New York-based Clearbridge Investments Lc has invested 0.01% in Parkway Inc (NYSE:PKY). Amp Invsts last reported 26,061 shares in the company. Vanguard Group Inc last reported 12.96M shares in the company. Ladenburg Thalmann Fincl Services Inc has invested 0% of its portfolio in Parkway Inc (NYSE:PKY). Tiaa Cref Invest Limited Liability owns 250,689 shares or 0% of their US portfolio. Rhumbline Advisers has 119,494 shares for 0.01% of their US portfolio. Barclays Pcl accumulated 0% or 162,168 shares. Lombardia Prns Ltd Llc has invested 1.86% of its portfolio in Parkway Inc (NYSE:PKY). Arizona State Retirement Systems reported 42,315 shares or 0.01% of all its holdings. Moreover, Fifth Third Savings Bank has 0% invested in Parkway Inc (NYSE:PKY) for 582 shares.

Parkway, Inc. is a real estate investment trust . The company has a market cap of $935.79 million. The Firm has a portfolio of approximately five Class A office assets totaling over 8.7 million rentable square feet in the Galleria, Greenway and Westchase submarkets of Houston, Texas. It currently has negative earnings. The Firm offers fee real estate services through its subsidiaries, which in total manages or leases approximately 2.7 million square feet primarily for third-party owners.

According to Zacks Investment Research, “Parkway, Inc. is a self-managed office real estate investment trust. It engaged in the ownership, acquisition, development and leasing of office assets primarily in Houston, Texas. Parkway, Inc., formerly known as Parkway Properties Inc., is based in Orlando, United States.”

PKY Company Profile

Parkway, Inc. is a real estate investment trust (REIT). The Firm has a portfolio of approximately five Class A office assets totaling over 8.7 million rentable square feet in the Galleria, Greenway and Westchase submarkets of Houston, Texas. The Firm offers fee real estate services through its subsidiaries, which in total manages or leases approximately 2.7 million square feet primarily for third-party owners.

Another recent and important Parkway Inc (NYSE:PKY) news was published by Prnewswire.com which published an article titled: “Cousins Completes Spin-Off of Parkway, Inc.” on October 07, 2016.

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