Analyst Price Target Update on Parkway Properties (NYSE:PKY)

Parkway Properties (NYSE:PKY) stock has received a short term price target of $ 17.5 from 8 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $1.07. The higher estimate of target price is $19 , while the lower price target estimate is $16

Many analysts have stated their opinion on the company shares. DA Davidson downgrades their rating on the shares of Parkway Properties (NYSE:PKY). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 13, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that OReilly David R., officer (EVP & CHIEF FINANCIAL OFFICER) of Parkway Properties Inc, had unloaded 80,000 shares at an average price of $16.79 in a transaction dated on December 3, 2015. The total value of the transaction was worth $1,343,200.

Parkway Properties (NYSE:PKY) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.3725 points or 2.13% at $17.15 with 902,648 shares getting traded. Post opening the session at $17.66, the shares hit an intraday low of $17.14 and an intraday high of $17.74 and the price was in this range throughout the day. The company has a market cap of $1,988 million and the number of outstanding shares have been calculated to be 115,931,477 shares. The 52-week high of Parkway Properties (NYSE:PKY) is $18.68 and the 52-week low is $11.54.

Parkway Properties, Inc. (Parkway) is an integrated, self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the acquisition, ownership and management of office and parking properties in high-growth submarkets in the Sunbelt region of the United States. The Company offers fee-based real estate services through wholly owned subsidiaries, which in total managed and/or leased approximately six million square feet for third-party property owners. The Company serves as the general partner of Fund II and provides asset management, property management, leasing and construction management services to the fund. Fund II owns seven properties totaling approximately 2.5 million square feet in Atlanta, Georgia; Phoenix, Arizona; Jacksonville, Florida, and Philadelphia, Pennsylvania.

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