Share on StockTwits

Parkway Properties (NYSE:PKY) has received an average rating of “Hold” from the eleven brokerages that are currently covering the stock, Analyst Ratings Net reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.04.

In other Parkway Properties news, Director James A. Thomas sold 2,700 shares of Parkway Properties stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $20.77, for a total transaction of $56,079.00. 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 Capital One Financial Corp. initiated coverage on shares of Parkway Properties in a research note on Tuesday. They set an “equal weight” rating on the stock. Separately, 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. Finally, 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.

Parkway Properties (NYSE:PKY) opened at 20.75 on Tuesday. 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 $20.92 and its 200-day moving average is $19.57. The company’s market cap is $2.151 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. On average, analysts predict that Parkway Properties will post $1.40 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend 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.

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.