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Stifel Nicolaus covered Parkway Properties Inc (NYSE:PKY), bumping up its stock price target to $17.00 today

Yesterday Parkway Properties Inc (NYSE:PKY) traded -0.70% lower at $18.67. The company’s 50-day moving average is $17.88 and its 200-day moving average is $17.07. The last closing price is up 8.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 159,652 shares of the stock were exchanged, down from an average trading volume of 929,778

In a report released on Tuesday October 18, 2016 Stifel Nicolaus increased the stock price target of Parkway Properties Inc (NYSE:PKY) to $17.00 indicating a possible downside of -0.09%.

Previously on 10/12/2016, Zacks Investment Research reported on Parkway Properties Inc (NYSE:PKY) increased the target price from $0.00 to $22.00. At the time, this indicated a possible upside of 0.15%.

See Chart Below

Parkway Properties Inc (NYSE:PKY)

Parkway Properties Inc has a 52 week low of $11.54 and a 52 week high of $23.20 The company’s market cap is currently $0.

In addition to Stifel Nicolaus reporting its target price, a total of 10 firms have issued a report on the stock. The consensus target price is $17.40 with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About 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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