Parkway Properties Inc. (PKY) Stake Held by Employees Retirement System of Texas

Employees Retirement System of Texas maintained its position in Parkway Properties Inc. (NYSE:PKY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the real estate investment trust’s stock at the end of the second quarter. Employees Retirement System of Texas owned approximately 0.20% of Parkway Properties worth $2,289,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PKY. BlackRock Inc. raised its stake in Parkway Properties by 9,309.9% in the first quarter. BlackRock Inc. now owns 6,478,241 shares of the real estate investment trust’s stock worth $128,853,000 after buying an additional 6,409,396 shares in the last quarter. FMR LLC raised its stake in Parkway Properties by 48.1% in the second quarter. FMR LLC now owns 3,626,526 shares of the real estate investment trust’s stock worth $83,011,000 after buying an additional 1,177,988 shares in the last quarter. Land & Buildings Investment Management LLC raised its stake in Parkway Properties by 91.7% in the first quarter. Land & Buildings Investment Management LLC now owns 1,288,426 shares of the real estate investment trust’s stock worth $25,627,000 after buying an additional 616,401 shares in the last quarter. AXA raised its stake in Parkway Properties by 267.7% in the second quarter. AXA now owns 678,396 shares of the real estate investment trust’s stock worth $15,528,000 after buying an additional 493,900 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its stake in Parkway Properties by 78.7% in the second quarter. Frontier Capital Management Co. LLC now owns 1,087,880 shares of the real estate investment trust’s stock worth $24,902,000 after buying an additional 478,980 shares in the last quarter. 97.11% of the stock is owned by institutional investors.

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Parkway Properties Inc. (NYSE PKY) opened at 23.05 on Wednesday. Parkway Properties Inc. has a 52 week low of $20.13 and a 52 week high of $23.17. The company’s market cap is $1.15 billion. The firm’s 50 day moving average is $23.01 and its 200-day moving average is $23.01.

The business also recently announced a special dividend, which was paid on Tuesday, October 10th. Shareholders of record on Monday, October 9th were paid a dividend of $4.00 per share. The ex-dividend date of this dividend was Wednesday, October 11th.

PKY has been the subject of a number of research reports. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price target on shares of Parkway Properties in a research note on Sunday, July 2nd. JMP Securities downgraded shares of Parkway Properties from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a research note on Thursday, July 6th.

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.

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

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