The stock of Parkway Inc (NYSE:PKY) is a huge mover today! About 270,809 shares traded hands. Parkway Inc (NYSE:PKY) has risen 18.93% since April 26, 2016 and is uptrending. It has outperformed by 13.67% the S&P500.
The move comes after 5 months positive chart setup for the $932.81 million company. It was reported on Nov, 29 by Barchart.com. We have $20.09 PT which if reached, will make NYSE:PKY worth $65.30 million more.
Parkway 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. $20 is the highest target while $15 is the lowest. The $17.36 average target is -7.56% below today’s ($18.78) stock price. Parkway Properties has been the topic of 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was downgraded by Sandler O’Neill to “Hold” on Monday, May 2. The firm earned “Neutral” rating on Monday, May 2 by Mizuho. The rating was downgraded by RBC Capital Markets to “Outperform” on Monday, August 10. As per Friday, March 11, the company rating was maintained by Barclays Capital. The stock has “Neutral” rating given by DA Davidson on Friday, May 13. On Tuesday, October 18 the stock rating was initiated by Stifel Nicolaus with “Sell”. As per Wednesday, October 7, the company rating was downgraded by Wells Fargo. The stock of Parkway Inc (NYSE:PKY) earned “Overweight” rating by Barclays Capital on Tuesday, July 19. The firm earned “Sell” rating on Wednesday, August 5 by Zacks. The firm earned “Market Perform” rating on Wednesday, August 31 by Raymond James.
According to Zacks Investment Research, “Parkway, Inc. is a self-managed office real estate investment trust. It engaged in the ownership, acquisition, development and leasing of office assets primarily in Houston, Texas. Parkway, Inc., formerly known as Parkway Properties Inc., is based in Orlando, United States.”
Insitutional Activity: The institutional sentiment decreased to 0.69 in Q2 2016. Its down 0.51, from 1.2 in 2016Q1. The ratio dived, as 19 funds sold all Parkway 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.
Schwab Charles Mgmt, a California-based fund reported 583,807 shares. Panagora Asset Mngmt holds 0.01% or 67,929 shares in its portfolio. Capstone Asset Mgmt has 0.01% invested in the company for 22,899 shares. Moreover, Guggenheim Cap Ltd Liability has 0.05% invested in Parkway Inc (NYSE:PKY) for 862,670 shares. Gemmer Asset Mgmt Lc accumulated 684 shares or 0.01% of the stock. The New York-based Tiaa Cref Mgmt Limited Liability Co has invested 0% in Parkway Inc (NYSE:PKY). Advisors Asset Management has 27,676 shares for 0.01% of their US portfolio. Shinko Asset Limited has 0.19% invested in the company for 1.60M shares. Omers Administration Corp accumulated 454,200 shares or 0.16% of the stock. Axa holds 0% of its portfolio in Parkway Inc (NYSE:PKY) for 826 shares. Teachers Annuity Association Of America has 0.06% invested in the company for 86,954 shares. Alyeska Investment Group Limited Partnership has 204,907 shares for 0.04% of their US portfolio. Blackrock Investment Ltd Com accumulated 454,316 shares or 0.01% of the stock. Tower Capital Ltd Company (Trc) holds 6,995 shares or 0.01% of its portfolio. Gardner Lewis Asset Mgmt L P accumulated 1.38% or 783,942 shares.
Another recent and important Parkway Inc (NYSE:PKY) news was published by Prnewswire.com which published an article titled: “Cousins Completes Spin-Off of Parkway, Inc.” on October 07, 2016.
PKY Company Profile
Parkway, Inc. is a real estate investment trust (REIT). The Firm has a portfolio of approximately five Class A office assets totaling over 8.7 million rentable square feet in the Galleria, Greenway and Westchase submarkets of Houston, Texas. The Firm offers fee real estate services through its subsidiaries, which in total manages or leases approximately 2.7 million square feet primarily for third-party owners.
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