Parkway Properties (PKY) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Parkway Properties (NYSE:PKY) announced its earnings results on Tuesday. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.04, Analyst Ratings Network reports. The company had revenue of $74.58 million for the quarter, compared to the consensus estimate of $71.22 million. During the same quarter in the prior year, the company posted $0.36 earnings per share.
Parkway Properties (NYSE:PKY) opened at 18.29 on Tuesday. Parkway Properties has a 52 week low of $12.89 and a 52 week high of $19.59. The stock’s 50-day moving average is $17.73 and its 200-day moving average is $17.6. The company’s market cap is $1.254 billion.
A number of research firms have recently commented on PKY. Analysts at RBC Capital initiated coverage on shares of Parkway Properties in a research note to investors on Monday, October 28th. They set an “outperform” rating and a $21.00 price target on the stock. Analysts at Zacks upgraded shares of Parkway Properties from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. They now have a $20.10 price target on the stock. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Parkway Properties has an average rating of “Buy” and an average price target of $18.62.
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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