Chicago Capital Management adds Parkway Properties Inc (PKY) to its portfolio

Parkway Properties Inc (PKY) : Chicago Capital Management added new position in Parkway Properties Inc during the most recent quarter end. The investment management firm now holds 980,825 shares of Parkway Properties Inc which is valued at $17,439,069 , the company said in a statement filed on Jul 15, 2016 with the SEC.Parkway Properties Inc makes up approximately 6.31% of Chicago Capital Management’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in PKY in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 13,200 shares of Parkway Properties Inc which is valued at $234,696.Cutler Group Lp boosted its stake in PKY in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 462 shares of Parkway Properties Inc which is valued at $8,108.Bnp Paribas Arbitrage Sa boosted its stake in PKY in the latest quarter, The investment management firm added 14,496 additional shares and now holds a total of 26,158 shares of Parkway Properties Inc which is valued at $441,547.

Parkway Properties Inc closed down -0.04 points or -0.22% at $17.78 with 5,58,170 shares getting traded on Monday. Post opening the session at $17.78, the shares hit an intraday low of $17.67 and an intraday high of $17.85 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Parkway Properties Inc reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.31. The company had revenue of $111.10 million for the quarter, compared to analysts expectations of $106.93 million. The company’s revenue was down -7.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.

Investors should note that on Jul 7, 2016, Parkway Properties Inc announced a cash dividend of $0.1875. The company’s management has announced Aug 19, 2016 as the ex-dividend date and fixed the record date on Aug 23, 2016. The payable date has been fixed on Sep 6, 2016.

Many Wall Street Analysts have commented on Parkway Properties Inc. Parkway Properties Inc was Downgraded by DA Davidson to ” Neutral” on May 13, 2016. Mizuho Downgraded Parkway Properties Inc on May 2, 2016 to ” Neutral”, Price Target of the shares are set at $17.50.Parkway Properties Inc was Downgraded by Sandler O’Neill to ” Hold” on May 2, 2016.

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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