Stifel covered Parkway (NYSE:PKY), stepping up its target to $17.00 earlier today
- Updated: October 18, 2016
Stifel raised the target price of Parkway (NYSE:PKY) to $17.00 reporting a potential downside of -0.09%.
On 10/12/2016, Zacks Investment Research released a statement about Parkway (NYSE:PKY) upped the target price from $0.00 to $22.00 that suggested an upside of 0.15%.
Having a price of $18.67, Parkway (NYSE:PKY) traded -0.70% lower on the day. With the last stock price up 8.58% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. PKY has recorded a 50-day moving average of $17.88 and a 200-day moving average of $17.07. 159,652 shares of PKY traded hands, down from an average trading volume of 929,778
Recent Performance Chart
Parkway has 52 week low of $11.54 and a 52 week high of $23.20 and has a market capitalization of $0.
In addition to Stifel reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $17.40 with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 8 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Parkway (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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