New York State Teachers Retirement System decreased its position in shares of Parkway Inc (NYSE:PKY) by 56.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,262 shares of the real estate investment trust’s stock after selling 115,946 shares during the period. New York State Teachers Retirement System’s holdings in Parkway were worth $1,986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in shares of Parkway by 136.3% in the third quarter. BNP Paribas Arbitrage SA now owns 61,807 shares of the real estate investment trust’s stock worth $1,051,000 after buying an additional 35,649 shares during the last quarter. Shinko Asset Management Co. Ltd. boosted its position in shares of Parkway by 77.9% in the third quarter. Shinko Asset Management Co. Ltd. now owns 2,846,146 shares of the real estate investment trust’s stock worth $48,413,000 after buying an additional 1,246,291 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Parkway by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 36,500 shares of the real estate investment trust’s stock worth $621,000 after buying an additional 400 shares during the last quarter. Texas Permanent School Fund boosted its position in shares of Parkway by 1.0% in the third quarter. Texas Permanent School Fund now owns 63,007 shares of the real estate investment trust’s stock worth $1,072,000 after buying an additional 648 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Parkway by 28.2% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 20,306 shares of the real estate investment trust’s stock worth $345,000 after buying an additional 4,465 shares during the last quarter. 97.65% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Parkway (NYSE:PKY)

Shares of Parkway Inc (NYSE:PKY) opened at 19.46 on Tuesday. The company has a 50-day moving average price of $20.92 and a 200-day moving average price of $21.22. The firm’s market capitalization is $972.40 million. Parkway Inc has a 12 month low of $16.39 and a 12 month high of $26.20.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, March 14th. Parkway’s dividend payout ratio is 60.87%.

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A number of research firms recently issued reports on PKY. JMP Securities began coverage on Parkway in a report on Tuesday, November 29th. They issued an “outperform” rating and a $22.00 price target for the company. Stifel Nicolaus raised Parkway from a “sell” rating to a “hold” rating and lifted their price target for the company from $17.00 to $22.00 in a report on Tuesday, January 17th. Zacks Investment Research cut Parkway from a “hold” rating to a “strong sell” rating in a report on Thursday, January 19th. Finally, Capital One Financial Corp. raised Parkway from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.64.

Parkway Company Profile

Parkway, Inc is a real estate investment trust (REIT). The Company has a portfolio of approximately five Class A office assets totaling over 8.7 million rentable square feet in the Galleria, Greenway and Westchase submarkets of Houston, Texas. The Company offers fee-based real estate services through its subsidiaries, which in total manages or leases approximately 2.7 million square feet primarily for third-party owners.

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