Zacks Investment Research covered Parkway Properties Inc (NYSE:PKY), bumping its price target to $22.00 today
- Updated: October 15, 2016
Boasting a price of $19.20, Parkway Properties Inc (NYSE:PKY) traded -1.63% lower on the day. With the last stock price close up 9.56% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Parkway Properties Inc has recorded a 50-day average of $17.84 and a two hundred day average of $17.03. Volume of trade was up over the average, with 2,369,937 shares of PKY changing hands over the typical 924,232
Parkway Properties Inc (NYSE:PKY) had its target price raised to $22.00 by Zacks Investment Research in a report released 10/12/2016. The new target price indicates a potential upside of 0.15% from the company's most recent stock price close.
On 09/29/2016, Stifel Nicolaus released a statement for Parkway Properties Inc (NYSE:PKY) bumped down the target price from $18.50 to $15.50 that suggested a downside of -0.12%.
With a total market value of $0, Parkway Properties Inc has price-earnings ratio of 19.87 with a one year low of $11.54 and a one year high of $23.20 .
A total of 10 equity analysts have released a ratings update on PKY. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, eight equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company 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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