Stifel Nicolaus downgraded Parkway Properties Inc (NYSE:PKY) to Sell in a report released today.
- Updated: September 28, 2016
Only yesterday Parkway Properties Inc (NYSE:PKY) traded 3.28% higher at $17.63. Parkway Properties Inc’s 50-day moving average is $17.56 and its 200-day moving average is $16.79. The last stock close price is up 4.98% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trading volume was down over the average, with 320,800 shares of PKY changing hands under the typical 562,861
Stifel Nicolaus has downgraded Parkway Properties Inc (NYSE:PKY) to Sell in a report released on 9/28/2016.
Recent Performance Chart
With a total market value of $0, Parkway Properties Inc has one year low of $11.54 and a one year high of $18.63 with a P/E ratio of 18.78 .
A total of 10 firms have reported on the company. Two equity analysts rating the company a strong buy, four brokerages rating the company a buy, eight brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a one year target of $17.40.
Brief Synopsis 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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