Parkway Properties Inc. (PKY) Short Interest Update
Parkway Properties Inc. (NYSE:PKY) was the recipient of a significant decrease in short interest in the month of September. As of September 29th, there was short interest totalling 338,147 shares, a decrease of 58.2% from the September 15th total of 808,916 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 358,291 shares, the short-interest ratio is presently 0.9 days.
PKY has been the topic of a number of analyst reports. JMP Securities cut Parkway Properties from an “outperform” rating to a “market perform” rating and set a $22.00 price target on the stock. in a research report on Thursday, July 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price target on shares of Parkway Properties in a research report on Sunday, July 2nd. Finally, Mizuho reiterated a “hold” rating and issued a $23.00 price target on shares of Parkway Properties in a research report on Sunday.
The firm also recently declared a special dividend, which was paid on Tuesday, October 10th. Stockholders of record on Monday, October 9th were paid a $4.00 dividend. The ex-dividend date was Wednesday, October 11th.
Several institutional investors and hedge funds have recently modified their holdings of the company. Davidson Kempner Capital Management LP increased its stake in shares of Parkway Properties by 8.0% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 836,984 shares of the real estate investment trust’s stock valued at $19,159,000 after purchasing an additional 61,984 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Parkway Properties in the 2nd quarter valued at $211,000. Susquehanna International Group LLP bought a new position in shares of Parkway Properties in the 2nd quarter valued at $255,000. The Manufacturers Life Insurance Company increased its stake in shares of Parkway Properties by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,553 shares of the real estate investment trust’s stock valued at $768,000 after purchasing an additional 683 shares during the last quarter. Finally, CNH Partners LLC increased its stake in shares of Parkway Properties by 3,954.6% in the 2nd quarter. CNH Partners LLC now owns 490,522 shares of the real estate investment trust’s stock valued at $11,228,000 after purchasing an additional 478,424 shares during the last quarter. Institutional investors own 97.11% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Parkway Properties Inc. (PKY) Short Interest Update” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/17/parkway-properties-inc-pky-short-interest-update.html.
About Parkway Properties
Parkway, Inc is a self-managed real estate investment trust (REIT). The Company owns and operates office properties located in submarkets in Houston, Texas. As of December 31, 2016, the Company’s portfolio consisted of five Class A assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston.
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 MarketBeat.com's FREE daily email newsletter.