November 29, 2016 - By Ellis Scott
JMP Securities analyst has started coverage with a “Mkt Outperform” rating on Parkway (NYSE:PKY) today and set a price target of $22.0. The company’s shares opened today at 18.89.
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. The stock has “Neutral” rating given by Mizuho on Monday, May 2. The firm earned “Market Perform” rating on Wednesday, August 31 by Raymond James. The firm earned “Hold” rating on Monday, May 2 by Sandler O’Neill. Mizuho upgraded Parkway Inc (NYSE:PKY) on Monday, November 23 to “Buy” rating. The rating was upgraded by Stifel Nicolaus on Tuesday, December 1 to “Buy”. The firm has “Sell” rating given on Wednesday, August 5 by Zacks. As per Thursday, September 29, the company rating was downgraded by Stifel Nicolaus. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, July 19 report. The stock has “Market Perform” rating given by Wells Fargo on Wednesday, October 7. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 10.
About 1.13M shares traded hands or 110.33% 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 2016 Q2. Its down 0.51, from 1.2 in 2016Q1. The ratio dived, 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.
Barclays Pcl has invested 0% of its portfolio in Parkway Inc (NYSE:PKY). Blackrock Ltd, a United Kingdom-based fund reported 643,520 shares. California State Teachers Retirement System last reported 0.01% of its portfolio in the stock. Css Ltd Liability Company Il last reported 16,000 shares in the company. Qs Ltd Com has invested 0% of its portfolio in Parkway Inc (NYSE:PKY). Weiss Multi holds 0.19% of its portfolio in Parkway Inc (NYSE:PKY) for 148,599 shares. Magnetar Fincl Limited Company reported 1.87M shares or 0.59% of all its holdings. Moreover, Morgan Stanley has 0.01% invested in Parkway Inc (NYSE:PKY) for 1.98 million shares. Raymond James Services Advisors owns 21,978 shares or 0% of their US portfolio. Jpmorgan Chase & Co last reported 393,316 shares in the company. Blackrock Japan Ltd owns 4,321 shares or 0% of their US portfolio. Ladenburg Thalmann Inc reported 4,076 shares or 0% of all its holdings. Tudor Investment Et Al last reported 26,505 shares in the company. Aqr Cap Management Lc has 84,903 shares for 0% of their US portfolio. Swiss Fincl Bank, a Switzerland-based fund reported 145,100 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 Ellis Scott