Parkway Properties Receives Consensus Rating of “Hold” from Brokerages (NYSE:PKY)
Parkway Properties (NYSE:PKY) has been given a consensus rating of “Hold” by the ten brokerages that are covering the stock, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.48.
A number of analysts have recently weighed in on PKY shares. Analysts at Mizuho initiated coverage on shares of Parkway Properties in a research note on Wednesday. They set a “neutral” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Parkway Properties from $22.00 to $23.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Finally, 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.
Parkway Properties (NYSE:PKY) opened at 21.11 on Wednesday. Parkway Properties has a 52 week low of $15.95 and a 52 week high of $21.80. The stock has a 50-day moving average of $21.00 and a 200-day moving average of $19.03. The company’s market cap is $2.180 billion.
Parkway Properties (NYSE:PKY) last released its earnings data 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. 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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