November 29, 2016 - By Nellie Frank
Parkway (NYSE:PKY)‘s “Market Perform” rating is no longer valid. The firm rating was upgraded by equity analysts at JMP Securities to a “Market Outperform”. They have a PT of $22.00 on PKY.
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 -8.10% below today’s ($18.89) stock price. Parkway Properties has been the topic of 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Raymond James downgraded Parkway Inc (NYSE:PKY) on Wednesday, August 31 to “Market Perform” rating. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, July 19. The stock of Parkway Inc (NYSE:PKY) earned “Neutral” rating by DA Davidson on Friday, May 13. As per Wednesday, August 5, the company rating was upgraded by Zacks. As per Monday, August 10, the company rating was downgraded by RBC Capital Markets. The firm has “Sell” rating by Stifel Nicolaus given on Tuesday, October 18. The company was maintained on Friday, March 11 by Barclays Capital. As per Wednesday, August 17, the company rating was downgraded by Robert W. Baird. Stifel Nicolaus downgraded Parkway Inc (NYSE:PKY) rating on Thursday, September 29. Stifel Nicolaus has “Sell” rating and $15.50 price target. The rating was downgraded by Mizuho on Monday, May 2 to “Neutral”.
About 1.32M shares traded hands or 145.70% up from the average. 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 Q2 2016. 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.
Schneider Cap Mgmt Corporation holds 2.03% or 647,129 shares in its portfolio. Magnetar Ltd Limited Liability Company has 1.87 million shares for 0.59% of their US portfolio. Art Advsr Limited Co reported 71,908 shares or 0.06% of all its holdings. Ls Invest Advsr Llc reported 2,908 shares or 0% of all its holdings. Teachers Retirement Of The State Of Kentucky last reported 30,200 shares in the company. Macquarie Gru holds 33,992 shares or 0% of its portfolio. State Of Alaska Department Of Revenue has 0.06% invested in the company for 36,990 shares. Ontario Teachers Pension Plan Board has 0.01% invested in the company for 56,900 shares. Us Comml Bank De has invested 0% of its portfolio in Parkway Inc (NYSE:PKY). Fdx Advsr accumulated 0.01% or 12,425 shares. Texas Permanent School Fund has 0.01% invested in the company for 62,359 shares. Shinko Asset Ltd holds 1.60 million shares or 0.19% of its portfolio. Voya Mgmt Limited Co owns 60,988 shares or 0% of their US portfolio. Sumitomo Mitsui Tru Holdings last reported 62,887 shares in the company. Tpg Holding (Sbs) Advsr has 4.35% invested in the company for 23.66M shares.
Parkway, Inc. is a real estate investment trust . The company has a market cap of $938.27 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.”
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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By Nellie Frank