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Equities research analysts at Mizuho started coverage on shares of Parkway Properties (NYSE:PKY) in a research note issued to investors on Wednesday. The firm set a “neutral” rating on the stock.

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.

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