183,705 Shares in Parkway Inc (PKY) Acquired by ARP Americas LLC
ARP Americas LLC acquired a new position in Parkway Inc (NYSE:PKY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 183,705 shares of the real estate investment trust’s stock, valued at approximately $4,231,000. Parkway comprises about 1.4% of ARP Americas LLC’s investment portfolio, making the stock its 21st largest position. ARP Americas LLC owned about 0.37% of Parkway as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Parkway in the second quarter worth $9,365,000. JRM Investment Counsel LLC boosted its position in Parkway by 20.9% in the second quarter. JRM Investment Counsel LLC now owns 29,819 shares of the real estate investment trust’s stock worth $683,000 after purchasing an additional 5,155 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Parkway by 426.8% in the second quarter. Goldman Sachs Group Inc. now owns 947,355 shares of the real estate investment trust’s stock worth $21,685,000 after purchasing an additional 767,540 shares during the last quarter. Prudential Financial Inc. boosted its position in Parkway by 4.4% in the first quarter. Prudential Financial Inc. now owns 110,568 shares of the real estate investment trust’s stock worth $2,199,000 after purchasing an additional 4,635 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Parkway by 1.3% in the first quarter. Vanguard Group Inc. now owns 6,991,103 shares of the real estate investment trust’s stock worth $139,052,000 after purchasing an additional 90,557 shares during the last quarter. 97.11% of the stock is currently owned by institutional investors and hedge funds.
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PKY has been the topic of several research analyst reports. JMP Securities cut Parkway from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a research report on Thursday, July 6th. Mizuho reissued a “hold” rating and issued a $23.00 price objective on shares of Parkway in a research report on Sunday, October 15th.
The company also recently declared a special dividend, which was paid on Tuesday, October 10th. Stockholders of record on Monday, October 9th were paid a $4.00 dividend. The ex-dividend date was Wednesday, October 11th.
Parkway Company Profile
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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