Analyst Rating Update on Parkway Properties (PKY)

Parkway Properties (NYSE:PKY) : 10 analysts are covering Parkway Properties (NYSE:PKY) and their average rating on the stock is 2.5, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Parkway Properties (NYSE:PKY) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Parkway Properties (NYSE:PKY) : Average target price received by Parkway Properties (NYSE:PKY) is $17.5 with an expected standard deviation of $1.07. The most aggressive target on the stock is $19, whereas the most downbeat target is $16. 8 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week Also, DA Davidson downgrades its view on Parkway Properties (NYSE:PKY) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on May 13, 2016.

Parkway Properties (NYSE:PKY): stock turned positive on Tuesday. Though the stock opened at $16.2, the bulls momentum made the stock top out at $16.32 level for the day. The stock recorded a low of $16.08 and closed the trading day at $16.19, in the green by 0.56%. The total traded volume for the day was 1,436,701. The stock had closed at $16.1 in the previous days trading.

In an insider trading activity, 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, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *