The stock of Parkway Properties Inc (NYSE:PKY) is a huge mover today! Parkway Properties Inc (NYSE:PKY) has risen 16.82% since March 4, 2016 and is uptrending. It has outperformed by 8.78% the S&P500.
The move comes after 7 months positive chart setup for the $2.24 billion company. It was reported on Oct, 7 by Barchart.com. We have $30.22 PT which if reached, will make NYSE:PKY worth $1.05 billion more.
Analysts await Parkway Properties Inc (NYSE:PKY) to report earnings on November, 7. They expect $0.31 EPS, down 6.06% or $0.02 from last year’s $0.33 per share. PKY’s profit will be $33.77 million for 16.58 P/E if the $0.31 EPS becomes a reality. After $0.34 actual EPS reported by Parkway Properties Inc for the previous quarter, Wall Street now forecasts -8.82% negative EPS growth.
Parkway Properties 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. Parkway Properties has been the topic of 22 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Overweight” rating and $16 target price in Friday, March 11 report. The stock of Parkway Properties Inc (NYSE:PKY) has “Market Perform” rating given on Wednesday, August 31 by Raymond James. The rating was downgraded by Mizuho to “Neutral” on Monday, May 2. The rating was downgraded by Stifel Nicolaus to “Sell” on Thursday, September 29. The stock has “Sell” rating given by Zacks on Wednesday, August 5. Barclays Capital maintained the shares of PKY in a report on Tuesday, July 19 with “Overweight” rating. The firm earned “Outperform” rating on Monday, August 10 by RBC Capital Markets. Wells Fargo downgraded the shares of PKY in a report on Wednesday, October 7 to “Market Perform” rating. The stock has “Neutral” rating given by DA Davidson on Friday, May 13. The rating was upgraded by Stifel Nicolaus on Tuesday, December 1 to “Buy”.
According to Zacks Investment Research, “Parkway Properties, Inc. is a self-administered, self-managed real estate investment trust specializing in the acquisition, ownership, management, financing and leasing of office properties in the Southeastern United States and Texas.”
Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.20, from 1 in 2016Q1. The ratio is positive, as 19 funds sold all Parkway Properties 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.
Synovus Corp, a Georgia-based fund reported 200 shares. Vanguard Group has 0.01% invested in the company for 12.96 million shares. Cubist Systematic Strategies Ltd Liability Co has invested 0.03% of its portfolio in Parkway Properties Inc (NYSE:PKY). New York State Teachers Retirement System has 0.01% invested in the company for 202,408 shares. Schneider Capital Corp has 2.03% invested in the company for 647,129 shares. Texas Permanent School Fund last reported 0.01% of its portfolio in the stock. Old Bank In holds 12,425 shares or 0.01% of its portfolio. Ridgeworth Cap Mgmt Lc, a Georgia-based fund reported 3.45 million shares. Suntrust Banks reported 101,255 shares or 0.01% of all its holdings. Kcg has invested 0% of its portfolio in Parkway Properties Inc (NYSE:PKY). Blackrock Grp Incorporated Ltd has 643,520 shares for 0.01% of their US portfolio. Rbf Cap Ltd Company has invested 0.19% of its portfolio in Parkway Properties Inc (NYSE:PKY). Strs Ohio owns 147,080 shares or 0.01% of their US portfolio. The Illinois-based Alyeska Group Lp has invested 0.04% in Parkway Properties Inc (NYSE:PKY). S Muoio Co Lc last reported 0.24% of its portfolio in the stock.
More important recent Parkway Properties Inc (NYSE:PKY) news were published by: Bizjournals.com which released: “Cousins closes on Parkway Properties merger” on October 06, 2016, also Twst.com published article titled: “Parkway Properties Inc.: Cousins Completes Spin-Off of Parkway, Inc.”, Jaxdailyrecord.com published: “TPG buys Parkway Properties portfolio for $195M” on September 30, 2016. More interesting news about Parkway Properties Inc (NYSE:PKY) was released by: Bizjournals.com and their article: “Cousins Properties and Parkway Properties stockholders approve merger” with publication date: August 24, 2016.
PKY Company Profile
Parkway Properties, Inc., incorporated on May 17, 1996, is an integrated, self-administered and self-managed real estate investment trust. The Firm is engaged in the acquisition, ownership, development and management of office properties in various submarkets in the Sunbelt region of the United States. The Firm holds interests in a portfolio of approximately 40 office properties located in over six states with an aggregate of approximately 14.3 million square feet of leasable space. The Firm offers fee real estate services through its subsidiaries.
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