Parkway Properties Coverage Initiated by Analysts at Mizuho (PKY)
A number of other analysts have also recently weighed in on PKY. Analysts at Barclays raised their price target on shares of Parkway Properties from $22.00 to $23.00 in a research note on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Zacks upgraded shares of Parkway Properties from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 3rd. They now have a $21.30 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Parkway Properties in a research note on Friday, May 23rd. They now have a $17.00 price target on the stock, up previously from $15.00. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.48.
Parkway Properties (NYSE:PKY) opened at 21.70 on Wednesday. Parkway Properties has a 52 week low of $15.95 and a 52 week high of $21.74. The stock’s 50-day moving average is $20.91 and its 200-day moving average is $18.98. The company’s market cap is $2.241 billion.
Parkway Properties (NYSE:PKY) last announced its earnings results on Monday, May 12th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.33 earnings per share. Parkway Properties’s revenue was up 52.7% compared to the same quarter last year. On average, analysts predict that Parkway Properties will post $1.39 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.
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.