Parkway Properties Company Profile (NYSE:PKY)

About Parkway Properties

Parkway Properties logoParkway Properties, Inc. is an integrated real estate investment trust. The Company is engaged in the acquisition, ownership, development and management of office properties in various submarkets in the Sunbelt region of the United States. The Company holds interests in a portfolio of approximately 40 office properties located in over six states with an aggregate of approximately 14.3 million square feet of leasable space. The Company offers fee-based real estate services through its subsidiaries. It holds interests in the US Airways Building, a 229,000 square foot office building located in the Tempe submarket of Phoenix, Arizona, and in 7000 Central Park, a 414,000 square foot office building located in the Central Perimeter of Atlanta, Georgia. It holds interests in Hayden Ferry Lakeside III, a development property located in Phoenix, Arizona. Its properties are located in Miami and Tampa in Florida; Atlanta, Georgia; Austin, Texas, and Charlotte, North Carolina, among others.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Office
  • Sub-Industry: Office REITs
  • Exchange: NYSE
  • Symbol: PKY
  • CUSIP: 70159Q10
Key Metrics:
  • Previous Close: $18.14
  • 50 Day Moving Average: $17.90
  • 200 Day Moving Average: $17.11
  • 52-Week Range: $11.54 - $23.20
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 8.72
  • P/E Growth: 2.33
  • Market Cap: $N/A
  • Beta: 1.32
  • Net Margins: 23.58%
  • Return on Equity: 6.36%
  • Return on Assets: 2.94%
  • Current Ratio: 0.22%
  • Quick Ratio: 0.22%
Additional Links:
Companies Related to Parkway Properties:

Analyst Ratings

Consensus Ratings for Parkway Properties (NYSE:PKY) (?)
Ratings Breakdown: 1 Sell Rating, 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $17.30 (4.63% downside)

Analysts' Ratings History for Parkway Properties (NYSE:PKY)
DateFirmActionRatingPrice TargetDetails
10/18/2016Stifel NicolausInitiated CoverageSell$17.00View Rating Details
10/6/2016DA DavidsonSet Price TargetHold$18.00View Rating Details
8/31/2016Raymond James Financial Inc.DowngradeOutperform -> Market PerformView Rating Details
8/31/2016Citigroup Inc.DowngradeOutperform -> Market PerformView Rating Details
8/17/2016Robert W. BairdDowngradeOutperform -> Neutral$19.00 -> $18.00View Rating Details
5/2/2016Sandler O'NeillDowngradeBuy -> HoldView Rating Details
5/2/2016MizuhoDowngradeBuy -> Neutral$17.50View Rating Details
3/11/2016Barclays PLCBoost Price TargetOverweight$15.00 -> $16.00View Rating Details
10/7/2015Wells Fargo & Co.DowngradeOutperform -> Market PerformView Rating Details
8/10/2015Royal Bank Of CanadaDowngradeOutperform -> Sector Perform$20.00 -> $18.00View Rating Details
2/11/2015Cantor FitzgeraldReiterated RatingSell$21.00View Rating Details
12/3/2014Bank of America Corp.DowngradeBuy -> NeutralView Rating Details
(Data available from 10/21/2014 forward)


Earnings History for Parkway Properties (NYSE:PKY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/8/2016Q216$0.31$0.29$107.59 million$107.51 millionViewN/AView Earnings Details
5/5/2016Q116$0.31$0.34$108.45 million$111.10 millionViewN/AView Earnings Details
2/8/2016Q415$0.32$0.34$111.48 million$112.60 millionViewN/AView Earnings Details
11/2/2015Q315$0.33$0.33$113.34 million$114.80 millionViewN/AView Earnings Details
8/3/2015Q215$0.32$0.33$112.01 million$126.90 millionViewN/AView Earnings Details
5/4/2015Q115$0.33$0.34$118.87 million$119.70 millionViewN/AView Earnings Details
2/9/2015Q414$0.33$0.31$115.27 million$126.40 millionViewN/AView Earnings Details
10/30/2014Q314$0.36$0.37$109.20 million$115.75 millionViewN/AView Earnings Details
8/7/2014Q214$0.33$0.35$105.32 million$110.46 millionViewN/AView Earnings Details
5/12/2014Q114$0.31$0.34$101.57 million$104.11 millionViewN/AView Earnings Details
11/5/2013Q313$0.26$0.30$71.22 million$74.58 millionViewN/AView Earnings Details
8/5/2013Q213$0.22$0.22$73.32 millionViewN/AView Earnings Details
5/6/2013Q113$0.27$0.33$58.59 million$72.11 millionViewN/AView Earnings Details
2/11/2013Q412$0.24$0.27$54.27 million$61.52 millionViewN/AView Earnings Details
11/1/2012Q312$0.28$0.36$52.27 millionViewN/AView Earnings Details
8/8/2012$0.30$0.32ViewN/AView Earnings Details
5/3/2012$0.34$0.44ViewN/AView Earnings Details
2/6/2012$0.12$0.60ViewN/AView Earnings Details
11/7/2011$0.57$0.57ViewN/AView Earnings Details
5/2/2011$0.58$0.59ViewN/AView Earnings Details
2/7/2011$0.63$0.65ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Parkway Properties (NYSE:PKY)
Current Year EPS Consensus Estimate: $0.41 EPS
Next Year EPS Consensus Estimate: $2.08 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$0.29$0.34$0.32
Q2 20164$0.29$0.35$0.32
Q3 20164$0.29$0.36$0.32
Q4 20164$0.32$0.37$0.33
Q1 20172$0.34$0.35$0.35
Q2 20172$0.34$0.37$0.36
Q3 20172$0.34$0.35$0.35
Q4 20172$0.34$0.35$0.35
(Data provided by Zacks Investment Research)


Current Dividend Information for Parkway Properties (NYSE:PKY)
Annual Dividend:$0.75
Dividend Yield:4.13%
Dividend Growth:26.00% (3 Year Average)
Payout Ratio:81.52% (Based on Trailing 12 Months of Earnings)
182.93% (Based on Current Year Consensus EPS Estimate)
36.06% (Based on Next Year Consensus EPS Estimate)

Dividend History for Parkway Properties (NYSE:PKY)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Parkway Properties (NYSE:PKY)
Insider Ownership Percentage: 7.90%
Institutional Ownership Percentage: 98.09%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/3/2015David R O'reillyCFOSell80,000$16.79$1,343,200.00View SEC Filing  
12/3/2015M. Jayson LipseyCOOSell16,500$16.71$275,715.00View SEC Filing  
3/20/2015David R O'reillyCFOSell60,000$17.70$1,062,000.00View SEC Filing  
2/27/2015Edward Manuel CasalDirectorBuy1,000$17.76$17,760.00View SEC Filing  
2/26/2015James R HeistandCEOBuy10,000$17.26$172,600.00View SEC Filing  
2/13/2015Edward Manuel CasalDirectorBuy1,000$17.84$17,840.00View SEC Filing  
2/12/2015James R HeistandCEOBuy12,500$17.75$221,875.00View SEC Filing  
12/11/2014James R HeistandCEOBuy12,500$18.05$225,625.00View SEC Filing  
12/11/2014Jeremy R DorsettEVPBuy1,000$18.11$18,110.00View SEC Filing  
12/3/2014Scott E FrancisCAOBuy1,000$18.35$18,350.00View SEC Filing  
12/1/2014James R HeistandCEOBuy25,000$18.75$468,750.00View SEC Filing  
12/1/2014Jeremy R DorsettEVPBuy1,000$18.75$18,750.00View SEC Filing  
9/10/2014James A ThomasDirectorSell1,400$20.75$29,050.00View SEC Filing  
9/8/2014James A ThomasDirectorSell31,400$20.77$652,178.00View SEC Filing  
9/4/2014James A ThomasDirectorSell37,893$20.78$787,416.54View SEC Filing  
9/3/2014James A ThomasDirectorSell29,393$20.78$610,786.54View SEC Filing  
9/2/2014James A ThomasDirectorSell46,599$20.78$968,327.22View SEC Filing  
8/29/2014James A ThomasDirectorSell2,700$20.77$56,079.00View SEC Filing  
8/26/2014James A ThomasDirectorSell34,700$20.76$720,372.00View SEC Filing  
8/25/2014James A ThomasDirectorSell4,700$20.78$97,666.00View SEC Filing  
6/25/2014Henry F Pratt IIIEVPSell5,983$20.94$125,284.02View SEC Filing  
12/20/2013Scott FrancisCAOSell30,000$18.33$549,900.00View SEC Filing  
9/16/2013Jeremy DorsettEVPBuy1,000$16.58$16,580.00View SEC Filing  
6/20/2013Edward Manuel CasalDirectorBuy2,000$16.67$33,340.00View SEC Filing  
6/4/2013James R HeistandCEOBuy50,000$16.61$830,500.00View SEC Filing  
5/24/2013Jeremy R DorsettEVPBuy1,000$17.98$17,980.00View SEC Filing  
3/19/2013Brenda J MixsonDirectorBuy3,000$17.25$51,750.00View SEC Filing  
11/7/2012Jeremy R DorsettEVPBuy1,000$13.76$13,760.00View SEC Filing  
8/14/2012James R HeistandCEOBuy25,000$11.24$281,000.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Parkway Properties (NYSE:PKY)
DateHeadline logoCoverage initiated on Parkway by Stifel (NYSE:PKY) - October 18 at 12:06 PM logoForm 4 Parkway, Inc. For: Oct 06 Filed by: PARKWAY PROPERTIES INC (NYSE:PKY) - October 13 at 10:27 AM
News IconParkway Place Mall announces decision to close on Thanksgiving Day (NYSE:PKY) - October 12 at 6:43 PM logoForm 4 PARKWAY PROPERTIES INC For: Oct 06 Filed by: Bates Jason A (NYSE:PKY) - October 11 at 7:06 PM logoParkway Properties Reaches Analyst Target Price (NYSE:PKY) - October 10 at 11:33 AM logoPARKWAY PROPERTIES INC Files SEC form 8-K, Termination of a Material Definitive Agreement, Completion of Acquisition (NYSE:PKY) - October 6 at 6:34 PM logoEXCLUSIVE: Cousins, Parkway finalize $5B CRE REIT merger (NYSE:PKY) - October 6 at 6:34 PM logoCousins closes on Parkway Properties merger (NYSE:PKY) - October 6 at 12:19 PM logoParkway Properties, Inc. : PKY-US: Dividend Analysis : August 23rd, 2016 (record date) : By the numbers : October 5, 2016 (NYSE:PKY) - October 5 at 6:39 PM logo1:01 pm Index Changes Reminder: S&P SmallCap 600 constituent Cousins Prop (CUZ (NYSE:PKY) - October 5 at 6:39 PM logoStifel Nicolaus Downgrades Rating On Parkway Properties, Inc. Common (PKY) (NYSE:PKY) - September 29 at 11:56 AM logoParkway Properties, Inc. breached its 50 day moving average in a Bearish Manner : PKY-US : September 27, 2016 (NYSE:PKY) - September 27 at 11:24 AM logoParkway Properties, Inc. breached its 50 day moving average in a Bearish Manner : PKY-US : September 14, 2016 (NYSE:PKY) - September 14 at 11:07 AM logoPARKWAY PROPERTIES INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Other Events (NYSE:PKY) - August 24 at 9:52 AM logoCousins Properties (CUZ), Parkway Properties (PKY) Receive Shareholder Approval for Proposed Merger (NYSE:PKY) - August 23 at 6:57 PM logoPARKWAY PROPERTIES INC : ex-dividend day (NYSE:PKY) - August 19 at 9:50 AM logoPARKWAY PROPERTIES INC Financials (NYSE:PKY) - August 17 at 7:06 PM logoETF’s with exposure to Parkway Properties, Inc. : August 16, 2016 (NYSE:PKY) - August 16 at 7:00 PM logoParkway Properties, Inc. breached its 50 day moving average in a Bullish Manner : PKY-US : August 15, 2016 (NYSE:PKY) - August 15 at 9:01 AM
News IconParkway to emerge out of merger in Q4 (NYSE:PKY) - August 12 at 6:58 PM logoParkway Properties, Inc. :PKY-US: Earnings Analysis: Q2, 2016 By the Numbers : August 12, 2016 (NYSE:PKY) - August 12 at 6:58 PM logoEdited Transcript of PKY earnings conference call or presentation 9-Aug-16 1:00pm GMT (NYSE:PKY) - August 10 at 9:56 AM logoParkway Properties' (PKY) CEO Jim Heistand on Q2 2016 Results - Earnings Call Transcript (NYSE:PKY) - August 9 at 7:06 PM logoParkway Properties Inc.: Parkway Reports Second Quarter 2016 Results (NYSE:PKY) - August 8 at 7:04 PM logoParkway Properties : reports 2Q results (NYSE:PKY) - August 8 at 7:04 PM logoParkway Properties reports 2Q results (NYSE:PKY) - August 8 at 7:04 PM logoQ2 2016 Parkway Properties Inc Earnings Release - After Market Close (NYSE:PKY) - August 8 at 11:34 AM
News IconCity of Des Moines to submit site proposal for new federal courthouse (NYSE:PKY) - August 5 at 7:05 PM logoWhy Parkway Properties (PKY) Might Surprise This Earnings Season (NYSE:PKY) - August 5 at 9:55 AM
News IconSales and leases | Norfolk, Hampton, Newport News buildings sell for millions (NYSE:PKY) - August 1 at 6:36 PM logoLargest Footprint: Houston-Area Commercial Property Owners (NYSE:PKY) - July 29 at 7:00 PM logoParkway Properties, Inc. breached its 50 day moving average in a Bullish Manner : PKY-US : July 29, 2016 (NYSE:PKY) - July 29 at 8:06 AM logoU.S. RESEARCH ROUNDUP-Netflix, Schlumberger, Hyatt Hotels (NYSE:PKY) - July 19 at 6:16 AM logoPfizer said to plan new lab, office in Chesterfield (NYSE:PKY) - July 18 at 12:20 PM logoWith Shares Trading up at $17.82 (PKY) Parkway Announces 2016 Second Quarter… (NYSE:PKY) - July 18 at 12:20 PM logoParkway Announces 2016 Second Quarter Conference Call (NYSE:PKY) - July 18 at 6:30 AM logoParkway Properties, Inc. breached its 50 day moving average in a Bullish Manner : PKY-US : July 13, 2016 (NYSE:PKY) - July 13 at 8:51 AM logoPARKWAY PROPERTIES INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibi (NYSE:PKY) - July 11 at 3:17 PM logoBRIEF-Cousins Properties to hold stockholders meeting to vote on Parkway merger (NYSE:PKY) - July 1 at 9:39 AM logoCousins Announces Special Meeting Of Stockholders To Vote On Merger With Parkway Properties, Inc. (NYSE:PKY) - July 1 at 6:31 AM logoParkway Announces Special Meeting Of Stockholders To Vote On Merger With Cousins Properties Incorporated (NYSE:PKY) - July 1 at 6:21 AM logoParkway Properties, Inc. breached its 50 day moving average in a Bearish Manner : PKY-US : June 27, 2016 (NYSE:PKY) - June 27 at 8:19 AM
News IconOne of three Terrace Inn tracts sells for $1.1 million (NYSE:PKY) - June 18 at 6:05 PM logoIt’s Earnings Time: What to Do with Parkway Properties Inc. (NYSE:PKY) Stock (NYSE:PKY) - June 7 at 7:03 PM logoPARKWAY PROPERTIES INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:PKY) - June 6 at 6:51 AM logoPARKWAY PROPERTIES INC Files SEC form 8-K, Change in Directors or Principal Officers, Submission of Matters to a Vote (NYSE:PKY) - May 20 at 4:26 PM logoCousins Properties, Parkway Properties Announce Stock-For-Stock Merger (NYSE:PKY) - April 29 at 4:25 PM logoParkway Properties flies after Cousins deal (NYSE:PKY) - April 29 at 11:05 AM logoBRIEF-Cousins Properties to merge with Parkway Properties (NYSE:PKY) - April 29 at 9:51 AM logoCousins Properties and Parkway Properties to merge, spin-off Houston assets (NYSE:PKY) - April 29 at 8:19 AM


Parkway Properties (NYSE:PKY) Chart for Friday, October, 21, 2016

Last Updated on 10/21/2016 by Staff