Louisiana State Employees Retirement System held its stake in shares of Parkway Properties Inc. (NYSE:PKY) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 17,449 shares of the real estate investment trust’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Parkway Properties were worth $399,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of Parkway Properties by 310.0% in the second quarter. Bank of Montreal Can now owns 4,604 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 3,481 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Parkway Properties 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 worth $193,000 after buying an additional 3,717 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Parkway Properties by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,991 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 654 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Parkway Properties during the first quarter worth approximately $256,000. Finally, First Trust Advisors LP purchased a new stake in shares of Parkway Properties during the first quarter worth approximately $283,000. Institutional investors own 95.04% of the company’s stock.

Shares of Parkway Properties Inc. (PKY) traded down 0.04% during mid-day trading on Tuesday, reaching $22.97. The company had a trading volume of 38,703 shares. The company’s market cap is $1.15 billion. Parkway Properties Inc. has a 52-week low of $16.39 and a 52-week high of $26.20. The firm’s 50-day moving average price is $22.63 and its 200 day moving average price is $20.88.

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PKY has been the subject of a number of research reports. JMP Securities lowered Parkway Properties from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research report on Thursday, July 6th. Zacks Investment Research upgraded Parkway Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price objective on shares of Parkway Properties in a research report on Sunday, July 2nd. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $21.14.

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.

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Institutional Ownership by Quarter for Parkway Properties (NYSE:PKY)

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