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A statement released earlier today by Stifel Nicolaus about Parkway Properties Inc. (NYSE:PKY) drops the target price to $15.50

In a report announced on Thursday September 29, 2016 Stifel Nicolaus dropped the price target of Parkway Properties Inc. (NYSE:PKY) from $18.50 to $15.50 reporting a possible downside of -0.12%.

Yesterday Parkway Properties Inc. (NYSE:PKY) traded -0.18% lower at $17.63. The company’s 50-day moving average is $17.56 and its 200-day average is $16.81. With the last close up 1.18% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 507,502 shares of the stock were exchanged, down from an average trading volume of 542,692

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Parkway Properties Inc. (NYSE:PKY)

Parkway Properties Inc. has a 52 week low of $11.54 and a one year high of $18.63 with a price-earnings ratio of 18.12 Parkway Properties Inc.’s market capitalization is presently $0.

A total of 10 brokerages have issued a ratings update on Parkway Properties Inc.. Two brokerages rating the company a strong buy, four brokerages rating the company a buy, eight brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $17.40.

General Company Details For Parkway Properties Inc. (NYSE:PKY)

Parkway Properties, Inc. is an integrated real estate investment trust. The Company is engaged in the acquisition, ownership, development and management of office properties in various submarkets in the Sunbelt region of the United States. The Company 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 Company offers fee-based real estate services through its subsidiaries. It holds interests in the US Airways Building, a 229,000 square foot office building located in the Tempe submarket of Phoenix, Arizona, and in 7000 Central Park, a 414,000 square foot office building located in the Central Perimeter of Atlanta, Georgia. It holds interests in Hayden Ferry Lakeside III, a development property located in Phoenix, Arizona. Its properties are located in Miami and Tampa in Florida; Atlanta, Georgia; Austin, Texas, and Charlotte, North Carolina, among others.

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