Share on StockTwits

Parkway Properties (NYSE:PKY) shares reached a new 52-week high during trading on Friday , Analyst Ratings Network reports. The company traded as high as $19.69 and last traded at $19.60, with a volume of 198,738 shares changing hands. The stock had previously closed at $19.37.

PKY has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Parkway Properties in a research note on Friday. They now have a $17.00 price target on the stock, up previously from $15.00. Separately, analysts at RBC Capital raised their price target on shares of Parkway Properties from $20.00 to $21.00 in a research note on Friday, May 16th. Finally, analysts at Robert W. Baird raised their price target on shares of Parkway Properties from $20.00 to $21.00 in a research note on Thursday, May 15th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $20.09.

The stock’s 50-day moving average is $18.60 and its 200-day moving average is $18.16. The company’s market cap is $2.030 billion.

Parkway Properties (NYSE:PKY) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.03. The company had revenue of $104.11 million for the quarter, compared to the consensus estimate of $101.57 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 52.7% on a year-over-year basis. Analysts expect that Parkway Properties will post $1.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Investors of record on Wednesday, June 11th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Monday, June 9th.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.