Schwab Charles Investment Management Inc. lifted its stake in Parkway Properties Inc. (NYSE:PKY) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 419,580 shares of the real estate investment trust’s stock after purchasing an additional 31,190 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.85% of Parkway Properties worth $9,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Texas Permanent School Fund grew its stake in shares of Parkway Properties by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 31,195 shares of the real estate investment trust’s stock worth $714,000 after buying an additional 260 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Parkway Properties by 234.9% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 117,200 shares of the real estate investment trust’s stock valued at $2,682,000 after buying an additional 82,200 shares in the last quarter. Kassirer Asset Management Corp purchased a new position in Parkway Properties during the second quarter valued at $1,145,000. Municipal Employees Retirement System of Michigan raised its stake in Parkway Properties by 4.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,086 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 460 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Parkway Properties by 78.8% during 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 buying an additional 3,717 shares during the last quarter. 97.11% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Parkway Properties Inc. (NYSE:PKY) opened at 23.03 on Tuesday. The stock’s market cap is $1.15 billion. The stock’s 50 day moving average is $23.00 and its 200-day moving average is $23.00. Parkway Properties Inc. has a 12-month low of $20.13 and a 12-month high of $23.17.

The company also recently declared a special dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, October 9th will be given a dividend of $4.00 per share.

Several research firms have commented on PKY. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 target price on shares of Parkway Properties in a report on Sunday, July 2nd. 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. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.67.

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

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