Parkway Properties Rating Lowered to Market Perform at BMO Capital Markets (PKY)
Parkway Properties (NYSE:PKY) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on PKY. Analysts at JMP Securities raised their price target on shares of Parkway Properties from $19.00 to $20.00 in a research note on Tuesday. Separately, analysts at Barclays initiated coverage on shares of Parkway Properties in a research note on Tuesday, January 28th. They set an “overweight” rating and a $20.00 price target on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Parkway Properties from a “neutral” rating to a “sell” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.42.
Parkway Properties (NYSE:PKY) opened at 18.12 on Wednesday. Parkway Properties has a 52-week low of $15.70 and a 52-week high of $19.67. The stock’s 50-day moving average is $17.99 and its 200-day moving average is $17.67. The company’s market cap is $1.243 billion.
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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