Parkway Properties (PKY) Receives Analyst Rating

Parkway Properties (PKY) has an average broker rating of 2.78, which is interpreted as a Hold, as rated by 9 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Parkway Properties (PKY) stock is expected to deviate a maximum of $0.27 from the average target price of $17.8 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $18.


Also, Raymond James downgrades their rating on the shares of Parkway Properties (NYSE:PKY). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 31, 2016.

Parkway Properties (NYSE:PKY): After opening at $17.51, the stock dipped to an intraday low of $17.51 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.72 and the buying power remained strong till the end. The stock closed at $17.64 for the day, a gain of 0.40% for the day session. The total traded volume was 641,287. The stocks close on the previous trading day was $17.57.

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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