First Trust Advisors LP increased its stake in shares of Parkway Properties Inc. (NYSE:PKY) by 133.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,285 shares of the real estate investment trust’s stock after buying an additional 19,057 shares during the quarter. First Trust Advisors LP owned about 0.07% of Parkway Properties worth $762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PKY. BlackRock Inc. grew its stake in Parkway Properties by 9,309.9% during the 1st 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 during the last quarter. KRV Capital LP bought a new position in Parkway Properties during the 1st quarter worth $12,929,000. Land & Buildings Investment Management LLC grew its stake in Parkway Properties by 91.7% during the 1st 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 during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Parkway Properties by 43.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 916,309 shares of the real estate investment trust’s stock worth $18,225,000 after buying an additional 276,131 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in Parkway Properties by 1,122.3% during the 1st quarter. ProShare Advisors LLC now owns 232,613 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 213,583 shares during the last quarter. Hedge funds and other institutional investors own 97.11% of the company’s stock.

A number of research analysts recently commented on PKY shares. JMP Securities downgraded 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 restated a “hold” rating and set a $23.00 price objective on shares of Parkway Properties in a research note on Sunday, July 2nd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.67.

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Parkway Properties Inc. (PKY) opened at 23.02 on Friday. The company’s market cap is $1.15 billion. Parkway Properties Inc. has a 1-year low of $20.13 and a 1-year high of $23.17. The stock has a 50 day moving average price of $22.98 and a 200 day moving average price of $22.98.

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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