Pacad Investment Ltd. boosted its stake in shares of Parkway Properties Inc. (NYSE:PKY) by 128.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,164 shares of the real estate investment trust’s stock after buying an additional 2,900 shares during the period. Pacad Investment Ltd.’s holdings in Parkway Properties were worth $118,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PKY. Louisiana State Employees Retirement System increased its position in Parkway Properties by 1.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,449 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 300 shares in the last quarter. ProShare Advisors LLC increased its position in Parkway Properties by 1,122.3% during the 1st quarter. ProShare Advisors LLC now owns 232,613 shares of the real estate investment trust’s stock valued at $348,000 after buying an additional 213,583 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Parkway Properties by 40.0% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 35,000 shares of the real estate investment trust’s stock valued at $696,000 after buying an additional 10,000 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Parkway Properties by 6.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 82,918 shares of the real estate investment trust’s stock valued at $1,647,000 after buying an additional 4,973 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in Parkway Properties during the 1st quarter valued at approximately $283,000. 97.26% of the stock is owned by institutional investors.

Shares of Parkway Properties Inc. (PKY) opened at 22.99 on Friday. Parkway Properties Inc. has a 12-month low of $20.13 and a 12-month high of $23.17. The firm has a 50 day moving average price of $22.98 and a 200-day moving average price of $22.03. The company’s market cap is $1.15 billion.

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PKY has been the subject of a number of analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price objective on shares of Parkway Properties in a research report on Sunday, July 2nd. JMP Securities lowered Parkway Properties from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research report on Thursday, July 6th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Parkway Properties has a consensus rating of “Hold” and a consensus price target of $21.67.

Parkway Properties Profile

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.

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Institutional Ownership by Quarter for Parkway Properties (NYSE:PKY)

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