Parkway Properties Inc Declares Quarterly Dividend of $0.19 (PKY)
Parkway Properties (NYSE:PKY) announced a quarterly dividend on Thursday, August 14th, Analyst Ratings News reports. Shareholders of record on Wednesday, September 10th will be paid a dividend of 0.1875 per share on Wednesday, September 24th. This represents a $0.75 annualized dividend and a dividend yield of 3.57%.
A number of research firms have recently commented on PKY. Analysts at RBC Capital raised their price target on shares of Parkway Properties from $21.00 to $24.00 in a research note on Thursday. On the ratings front, analysts at Zacks downgraded shares of Parkway Properties from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $23.40 price target on the stock. Finally, analysts at Mizuho initiated coverage on shares of Parkway Properties in a research note on Wednesday, July 23rd. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Parkway Properties presently has an average rating of “Hold” and a consensus price target of $21.04.
Parkway Properties (NYSE:PKY) traded up 0.53% on Thursday, hitting $20.95. The stock had a trading volume of 324,515 shares. Parkway Properties has a one year low of $15.95 and a one year high of $21.80. The stock’s 50-day moving average is $20.91 and its 200-day moving average is $19.30. The company’s market cap is $2.172 billion.
Parkway Properties (NYSE:PKY) last released its earnings data on Thursday, August 7th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.02. The company had revenue of $110.46 million for the quarter, compared to the consensus estimate of $105.32 million. During the same quarter last year, the company posted $0.28 earnings per share. Parkway Properties’s revenue was up 52.1% compared to the same quarter last year. Analysts expect that Parkway Properties will post $1.39 EPS 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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