Parkway Properties Inc (PKY) : Lombardia Capital Partners reduced its stake in Parkway Properties Inc by 4.67% during the most recent quarter end. The investment management company now holds a total of 2,577,082 shares of Parkway Properties Inc which is valued at $44.4 Million after selling 126,276 shares in Parkway Properties Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Parkway Properties Inc makes up approximately 2.68% of Lombardia Capital Partners’s portfolio.
Other Hedge Funds, Including , State Of Tennessee Treasury Department boosted its stake in PKY in the latest quarter, The investment management firm added 1,535 additional shares and now holds a total of 65,135 shares of Parkway Properties Inc which is valued at $1.1 Million. Parkway Properties Inc makes up approx 0.01% of State Of Tennessee Treasury Department’s portfolio.Teacher Retirement System Of Texas boosted its stake in PKY in the latest quarter, The investment management firm added 2,609 additional shares and now holds a total of 10,276 shares of Parkway Properties Inc which is valued at $177,158.Proshare Advisors reduced its stake in PKY by selling 2,116 shares or 14.75% in the most recent quarter. The Hedge Fund company now holds 12,227 shares of PKY which is valued at $210,916. Parametrica Management Ltd added PKY to its portfolio by purchasing 10,675 company shares during the most recent quarter which is valued at $184,144. Parkway Properties Inc makes up approx 0.66% of Parametrica Management Ltd’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in PKY in the latest quarter, The investment management firm added 1,799 additional shares and now holds a total of 13,009 shares of Parkway Properties Inc which is valued at $224,405. Parkway Properties Inc makes up approx 0.01% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.
Parkway Properties Inc opened for trading at $17.42 and hit $17.495 on the upside on Wednesday, eventually ending the session at $17.46, with a gain of 0.11% or 0.02 points. The heightened volatility saw the trading volume jump to 3,42,826 shares. Company has a market cap of $2,024 M.
On the company’s financial health, Parkway Properties Inc reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.31. The company had revenue of $111.10 million for the quarter, compared to analysts expectations of $106.93 million. The company’s revenue was down -7.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.
Investors should note that on May 19, 2016, Parkway Properties Inc announced a cash dividend of $0.1875. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 29, 2016.
Many Wall Street Analysts have commented on Parkway Properties Inc. Parkway Properties Inc was Downgraded by DA Davidson to ” Neutral” on May 13, 2016. Mizuho Downgraded Parkway Properties Inc on May 2, 2016 to ” Neutral”, Price Target of the shares are set at $17.50.Parkway Properties Inc was Downgraded by Sandler O’Neill to ” Hold” on May 2, 2016.
Parkway Properties Inc. (Parkway) is an integrated self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the acquisition ownership and management of office and parking properties in high-growth submarkets in the Sunbelt region of the United States. The Company offers fee-based real estate services through wholly owned subsidiaries which in total managed and/or leased approximately six million square feet for third-party property owners. The Company serves as the general partner of Fund II and provides asset management property management leasing and construction management services to the fund. Fund II owns seven properties totaling approximately 2.5 million square feet in Atlanta Georgia; Phoenix Arizona; Jacksonville Florida and Philadelphia Pennsylvania.