Zacks Upgrades Parkway Properties to Outperform (PKY)
Parkway Properties (NYSE:PKY) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has a $20.10 target price on the stock. Zacks‘ target price would indicate a potential upside of 18.03% from the stock’s previous close.
Parkway Properties (NYSE:PKY) traded up 0.76% on Wednesday, hitting $17.16. The stock had a trading volume of 169,829 shares. Parkway Properties has a one year low of $12.89 and a one year high of $19.59. The stock has a 50-day moving average of $16.91 and a 200-day moving average of $17.67. The company’s market cap is $1.177 billion.
Parkway Properties (NYSE:PKY) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.22 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.22. During the same quarter last year, the company posted $0.32 earnings per share. On average, analysts predict that Parkway Properties will post $1.09 earnings per share for the current fiscal year.
Parkway Properties, Inc (NYSE:PKY) is a self-administered real estate investment trust (REIT) specializing in the ownership of office properties in higher growth submarkets in the Sunbelt region of the United States.
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