Strs Ohio cut its position in shares of Parkway Properties Inc. (NYSE:PKY) by 13.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 66,696 shares of the real estate investment trust’s stock after selling 10,507 shares during the period. Strs Ohio owned about 0.13% of Parkway Properties worth $1,526,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of PKY. Bank of Montreal Can boosted its stake in shares of Parkway Properties by 310.0% in the second quarter. Bank of Montreal Can now owns 4,604 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 3,481 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Parkway Properties by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 8,437 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 3,717 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Parkway Properties by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,991 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 654 shares during the last quarter. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Parkway Properties during the first quarter worth $199,000. Finally, Karp Capital Management Corp purchased a new stake in shares of Parkway Properties during the first quarter worth $256,000. 96.20% of the stock is owned by institutional investors and hedge funds.
Parkway Properties Inc. (NYSE:PKY) opened at 22.97 on Friday. The company has a 50-day moving average price of $22.56 and a 200-day moving average price of $20.88. Parkway Properties Inc. has a 12-month low of $18.60 and a 12-month high of $23.17. The stock’s market capitalization is $1.15 billion.
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A number of brokerages have recently weighed in on PKY. JMP Securities cut Parkway Properties from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research note on Thursday, July 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Parkway Properties in a research note on Sunday, July 2nd. Finally, Zacks Investment Research raised Parkway Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Parkway Properties has an average rating of “Hold” and a consensus target price of $21.14.
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.
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