FNY Partners Fund LP Takes Position in Parkway Inc (PKY)
FNY Partners Fund LP acquired a new stake in Parkway Inc (NYSE:PKY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,016 shares of the real estate investment trust’s stock, valued at approximately $161,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can increased its stake in Parkway by 310.0% in the second quarter. Bank of Montreal Can now owns 4,604 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 3,481 shares during the period. Pacad Investment Ltd. increased its stake in Parkway by 128.1% in the second quarter. Pacad Investment Ltd. now owns 5,164 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 2,900 shares during the period. Pinebridge Investments L.P. increased its stake in Parkway by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,629 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 55 shares during the period. Dupont Capital Management Corp acquired a new position in Parkway in the second quarter valued at $158,000. Finally, State of Alaska Department of Revenue increased its stake in Parkway by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 8,437 shares of the real estate investment trust’s stock valued at $193,000 after purchasing an additional 3,717 shares during the period. Institutional investors own 97.11% of the company’s stock.
Parkway Inc (PKY) traded down $4.01 during midday trading on Wednesday, reaching $19.04. 2,899,200 shares of the company’s stock were exchanged, compared to its average volume of 455,342. Parkway Inc has a one year low of $16.39 and a one year high of $23.17.
Separately, Mizuho restated a “hold” rating and issued a $23.00 price objective on shares of Parkway in a research note on Sunday, October 15th.
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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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