Insider Selling: Parkway Properties Director James A. Thomas Sells 4,700 Shares (PKY)
Parkway Properties (NYSE:PKY) Director James A. Thomas sold 4,700 shares of Parkway Properties stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $20.78, for a total transaction of $97,666.00. Following the completion of the sale, the director now directly owns 39,085 shares of the company’s stock, valued at approximately $812,186. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on PKY shares. Analysts at Raymond James reiterated an “outperform” rating on shares of Parkway Properties in a research note on Monday, August 18th. They now have a $21.00 price target on the stock. Separately, 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, August 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $21.04.
Shares of Parkway Properties (NYSE:PKY) traded down 0.48% on Wednesday, hitting $20.69. The stock had a trading volume of 131,448 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 $20.93 and its 200-day moving average is $19.54. The company’s market cap is $2.145 billion.
Parkway Properties (NYSE:PKY) last released its earnings data on Thursday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 52.1% on a year-over-year basis. Analysts expect that Parkway Properties will post $1.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Monday, September 8th.
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.
Receive News & Ratings for Parkway Properties Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parkway Properties Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.