Stock Rating Runner: Is Parkway Properties Inc (NYSE:PKY) a Buy or a Sell? Learn What JMP Securities Thinks

November 29, 2016 - By Peter Kolinski

Stock Rating Runner: Is Parkway Properties Inc (NYSE:PKY) a Buy or a Sell? Learn What JMP Securities Thinks

Why JMP Securities Gives Parkway Properties Inc (NYSE:PKY) $22.00 Price Target

JMP Securities issued a “Mkt Outperform” rating on Parkway Properties Inc (NYSE:PKY). The firm initiated coverage on shares of PKY in a a research report issued to clients and investors on 29 November. JMP Securities’s target price per share indicates upside of 15.79% from the company’s 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 -8.49% below today’s ($18.97) stock price. Parkway Properties has been the topic of 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was upgraded by Mizuho to “Buy” on Monday, November 23. The rating was downgraded by RBC Capital Markets to “Outperform” on Monday, August 10. The stock of Parkway Inc (NYSE:PKY) earned “Overweight” rating by Barclays Capital on Tuesday, July 19. The rating was downgraded by Raymond James on Wednesday, August 31 to “Market Perform”. The stock of Parkway Inc (NYSE:PKY) earned “Overweight” rating by Barclays Capital on Friday, March 11. The firm earned “Neutral” rating on Wednesday, August 17 by Robert W. Baird. The rating was upgraded by Zacks to “Sell” on Wednesday, August 5. Sandler O’Neill downgraded Parkway Inc (NYSE:PKY) on Monday, May 2 to “Hold” rating. On Tuesday, December 1 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The firm has “Neutral” rating given on Monday, May 2 by Mizuho.

The stock increased 3.77% or $0.69 on November 29, hitting $18.97. About 1.70M shares traded hands or 216.43% 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 fall, 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.

Alyeska Inv Grp Inc Inc Limited Partnership has 0.04% invested in the company for 204,907 shares. Moreover, Legal General Public Ltd Llc has 0% invested in Parkway Inc (NYSE:PKY) for 171,876 shares. State Of Alaska Department Of Revenue accumulated 36,990 shares or 0.06% of the stock. Tiaa Cref Invest Mgmt Limited Liability Corporation owns 250,689 shares or 0% of their US portfolio. The Florida-based Real Estate Services Limited has invested 0.57% in Parkway Inc (NYSE:PKY). Sei Invests Com owns 23,905 shares or 0% of their US portfolio. Rbf Limited Liability Co accumulated 0.19% or 57,330 shares. Mutual Of America Cap Management Ltd Liability has 0.06% invested in the company for 163,769 shares. Westpac Banking Corp holds 0% or 100,924 shares in its portfolio. Weiss Multi last reported 0.19% of its portfolio in the stock. Public Sector Pension Inv Board reported 57,819 shares or 0.01% of all its holdings. State Of Tennessee Treasury Department accumulated 0.01% or 65,135 shares. Teachers Retirement System Of The State Of Kentucky last reported 0.01% of its portfolio in the stock. Clearbridge Investments Ltd holds 0.01% of its portfolio in Parkway Inc (NYSE:PKY) for 298,400 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 4,063 shares.

Parkway, Inc. is a real estate investment trust . The company has a market cap of $942.24 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>