Parkway Properties (PKY) Shares are Up 0.17%

On a relative basis, the stock has outperformed the S&P 500 by 5.52% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.17% in the last 1 week, and is up 3.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.19% and the 50-Day Moving Average is 2.15%.The 200 Day SMA reached 13.74% Parkway Properties Inc. is up 7.92% in the last 3-month period. Year-to-Date the stock performance stands at 17.28%.


Parkway Properties (PKY) : The highest level Parkway Properties (PKY) is projected to reach is $18 for the short term and the lowest estimate is at $18. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $17.8 and the possibility the share price can swing is $0.27.

Company shares have received an average consensus rating of Hold for the current week Parkway Properties (NYSE:PKY): The stock opened at $17.68 and touched an intraday high of $17.73 on Friday. During the day, the stock corrected to an intraday low of $17.47, however, the bulls stepped in and pushed the price higher to close in the green at $17.71 with a gain of 0.40% for the day. The total traded volume for the day was 1,187,603. The stock had closed at $17.71 in the previous trading session.

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.

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