Parkway Prop (NYSE:PKY) stock price target reduced to $15.50, issued a ratings update earlier today by Stifel
- Updated: September 28, 2016
Boasting a price of $17.63, Parkway Prop (NYSE:PKY) traded 3.28% higher on the day. With the last stock price close up 4.98% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PKY has recorded a 50-day average of $17.56 and a two hundred day average of $16.79. Trade Volume was down over the average, with 320,800 shares of PKY changing hands under the typical 562,861
Indicating a possible downside of -0.12%, Stifel lowered the price target of Parkway Prop (NYSE:PKY) to $15.50
Recent Performance Chart
Parkway Prop has PE ratio of 18.78 with a one year low of $11.54 and a one year high of $18.63 and has a market capitalization of $0.
A total of 10 brokerages have issued a ratings update on Parkway Prop. 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 Prop (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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