Trading Report: Today, Texas Permanent School Fund Buys 648 Shares of Parkway Properties Inc. (PKY)

Today, Texas Permanent School Fund Buys 648 Shares of Parkway Properties Inc. (PKY)

Texas Permanent School Fund boosted its position in shares of Parkway Properties Inc. (NYSE:PKY) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,007 shares of the real estate investment trust’s stock after buying an additional 648 shares during the period. Texas Permanent School Fund owned 0.13% of Parkway Properties worth $1,072,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PKY. Vanguard Group Inc. increased its position in shares of Parkway Properties by 2.4% in the second quarter. Vanguard Group Inc. now owns 12,960,757 shares of the real estate investment trust’s stock worth $216,833,000 after buying an additional 298,410 shares during the period. BlackRock Fund Advisors increased its stake in shares of Parkway Properties by 1.7% in the second quarter. BlackRock Fund Advisors now owns 5,363,159 shares of the real estate investment trust’s stock worth $89,726,000 after buying an additional 90,010 shares during the last quarter. RidgeWorth Capital Management LLC increased its stake in shares of Parkway Properties by 21.9% in the second quarter. RidgeWorth Capital Management LLC now owns 3,452,937 shares of the real estate investment trust’s stock worth $57,595,000 after buying an additional 621,435 shares during the last quarter. Shinko Asset Management Co. Ltd. increased its stake in shares of Parkway Properties 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. Finally, State Street Corp increased its stake in shares of Parkway Properties by 1.7% in the second quarter. State Street Corp now owns 2,792,721 shares of the real estate investment trust’s stock worth $46,722,000 after buying an additional 45,373 shares during the last quarter. 96.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Parkway Properties Inc. (NYSE:PKY) traded up 2.05% on Friday, hitting $18.39. The company had a trading volume of 365,895 shares. The firm’s 50 day moving average price is $17.98 and its 200-day moving average price is $17.45. The stock has a market capitalization of $918.93 million, a PE ratio of 51.37 and a beta of 1.21. Parkway Properties Inc. has a 52 week low of $11.54 and a 52 week high of $23.20.

A number of equities research analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Parkway Properties in a report on Tuesday, October 18th. They issued a “sell” rating and a $17.00 target price for the company. Zacks Investment Research upgraded Parkway Properties from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a report on Wednesday, October 12th. DA Davidson set a $18.00 target price on Parkway Properties and gave the stock a “hold” rating in a report on Thursday, October 6th. Raymond James Financial Inc. downgraded Parkway Properties from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 31st. Finally, Citigroup Inc. downgraded Parkway Properties from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.08.

Parkway Properties Company Profile

Parkway Properties, Inc is an integrated real estate investment trust. The Company is engaged in the acquisition, ownership, development and management of office properties in various submarkets in the Sunbelt region of the United States. The Company holds interests in a portfolio of approximately 40 office properties located in over six states with an aggregate of approximately 14.3 million square feet of leasable space.

Related posts

Leave a Comment