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Parkway Properties (NYSE:PKY) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday, American Banking News reports. They currently have a $17.10 price target on the stock. Zacks‘ price objective would suggest a potential downside of 4.74% from the company’s current price.

PKY has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets downgraded shares of Parkway Properties from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 19th. They now have a $19.00 price target on the stock, down previously from $22.00. Separately, 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, February 18th. Finally, 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. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.68.

Shares of Parkway Properties (NYSE:PKY) traded up 0.95% on Monday, hitting $18.12. The stock had a trading volume of 184,482 shares. Parkway Properties has a 52 week low of $15.70 and a 52 week high of $19.67. The stock has a 50-day moving average of $17.83 and a 200-day moving average of $17.68. The company has a market cap of $1.657 billion and a P/E ratio of 51.14.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Monday, March 10th.

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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