Parkway Properties (PKY) Getting Somewhat Positive Press Coverage, Report Finds
News headlines about Parkway Properties (NYSE:PKY) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Parkway Properties earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.3380742141897 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Parkway Properties (NYSE PKY) opened at 22.97 on Friday. Parkway Properties has a 52 week low of $18.60 and a 52 week high of $23.17. The stock’s 50 day moving average price is $22.56 and its 200-day moving average price is $20.88. The company’s market cap is $1.15 billion.
Several equities research analysts have commented on the company. JMP Securities cut Parkway Properties from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a research note on Thursday, July 6th. Stifel Nicolaus restated a “hold” rating and issued a $23.00 target price on shares of Parkway Properties in a research note on Sunday, July 2nd. Finally, Zacks Investment Research upgraded Parkway Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Parkway Properties presently has an average rating of “Hold” and a consensus price target of $21.14.
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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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