Parkway Properties Inc. (NYSE:PKY) has received an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $21.60.

A number of equities analysts have commented on the stock. JMP Securities cut shares of 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. 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.

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Parkway Properties (PKY) traded up 0.065% during trading on Friday, reaching $22.985. 15,871 shares of the company traded hands. Parkway Properties has a 12 month low of $20.13 and a 12 month high of $23.17. The company’s market cap is $1.15 billion. The company’s 50-day moving average is $22.98 and its 200 day moving average is $22.66.

Several institutional investors have recently made changes to their positions in the company. Pinebridge Investments L.P. boosted its position in shares of Parkway Properties by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,629 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 55 shares during the period. Arizona State Retirement System boosted its position in shares of Parkway Properties by 0.5% in the second quarter. Arizona State Retirement System now owns 22,315 shares of the real estate investment trust’s stock valued at $511,000 after acquiring an additional 100 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Parkway Properties by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 48,013 shares of the real estate investment trust’s stock valued at $955,000 after acquiring an additional 177 shares during the period. Texas Permanent School Fund boosted its position in shares of Parkway Properties by 0.8% in the second quarter. Texas Permanent School Fund now owns 31,195 shares of the real estate investment trust’s stock valued at $714,000 after acquiring an additional 260 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Parkway Properties by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 17,449 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 300 shares during the period. 97.11% of the stock is owned by institutional investors.

Parkway Properties Company 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.

Analyst Recommendations for Parkway Properties (NYSE:PKY)

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