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: $17.01
  • 50 Day Moving Average: $17.56
  • 200 Day Moving Average: $16.81
  • 52-Week Range: $11.54 - $18.63
  • Trailing P/E Ratio: 18.12
  • Foreward P/E Ratio: 12.60
  • P/E Growth: 2.40
  • Market Cap: $1.97B
  • Outstanding Shares: 115,981,000
  • Beta: 1.41
Profitability:
  • Net Margins: 23.58%
  • Return on Equity: 6.36%
  • Return on Assets: 2.94%
Debt:
  • 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, 7 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $17.00 (0.06% downside)

Analysts' Ratings History for Parkway Properties (NYSE:PKY)
Show:
DateFirmActionRatingPrice TargetDetails
9/28/2016Stifel NicolausDowngradeHold -> Sell$18.50 -> $15.50View 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
5/13/2016DA DavidsonDowngradeBuy -> NeutralView 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 10/1/2014 forward)

Earnings

Earnings History for Parkway Properties (NYSE:PKY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2016        
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)

Estimates

Earnings Estimates for Parkway Properties (NYSE:PKY)
Current Year EPS Consensus Estimate: $1.26 EPS
Next Year EPS Consensus Estimate: $1.35 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)

Dividends

Current Dividend Information for Parkway Properties (NYSE:PKY)
Annual Dividend:$0.75
Dividend Yield:4.41%
Dividend Growth:26.00% (3 Year Average)
Payout Ratio:81.52% (Based on Trailing 12 Months of Earnings)
59.52% (Based on Current Year Consensus EPS Estimate)
55.56% (Based on Next Year Consensus EPS Estimate)

Dividend History for Parkway Properties (NYSE:PKY)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/7/2016quarterly$0.194.44%8/19/20168/23/20169/6/2016
5/19/2016quarterly$0.194.4%6/13/20166/15/20166/29/2016
2/19/2016quarterly$0.195.91%3/14/20163/16/20163/30/2016
2/18/2016quarterly$0.193/16/20164/6/2016
11/12/2015quarterly$0.194.8%12/14/201512/16/201512/30/2015
8/24/2015quarterly$0.194.86%9/14/20159/16/20159/30/2015
5/14/2015quarterly$0.194.2%6/8/20156/10/20156/24/2015
2/23/2015quarterly$0.194.23%3/9/20153/11/20153/25/2015
11/20/2014quarterly$0.193.88%12/15/201412/17/201412/31/2014
8/14/2014quarterly$0.193.62%9/8/20149/10/20149/24/2014
5/15/2014quarterly$0.193.93%6/9/20146/11/20146/25/2014
2/19/2014quarterly$0.194.17%3/10/20143/12/20143/26/2014
11/12/2013quarterly$0.194.34%12/10/201312/12/201312/26/2013
8/15/2013quarterly$0.153.53%9/9/20139/11/20139/25/2013
5/16/2013quarterly$0.153.09%6/10/20136/12/20136/26/2013
2/21/2013quarterly$0.153.54%3/11/20133/13/20133/27/2013
(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: 98.10%
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)

Headlines

Latest Headlines for Parkway Properties (NYSE:PKY)
DateHeadline
fidaily.com logoStifel Nicolaus Downgrades Rating On Parkway Properties, Inc. Common (PKY) (NYSE:PKY)
www.fidaily.com - September 29 at 11:56 AM
capitalcube.com logoParkway Properties, Inc. breached its 50 day moving average in a Bearish Manner : PKY-US : September 27, 2016 (NYSE:PKY)
www.capitalcube.com - September 27 at 11:24 AM
capitalcube.com logoParkway Properties, Inc. breached its 50 day moving average in a Bearish Manner : PKY-US : September 14, 2016 (NYSE:PKY)
www.capitalcube.com - September 14 at 11:07 AM
biz.yahoo.com logoPARKWAY PROPERTIES INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Other Events (NYSE:PKY)
biz.yahoo.com - August 24 at 9:52 AM
streetinsider.com logoCousins Properties (CUZ), Parkway Properties (PKY) Receive Shareholder Approval for Proposed Merger (NYSE:PKY)
www.streetinsider.com - August 23 at 6:57 PM
4-traders.com logoPARKWAY PROPERTIES INC : ex-dividend day (NYSE:PKY)
www.4-traders.com - August 19 at 9:50 AM
finance.yahoo.com logoPARKWAY PROPERTIES INC Financials (NYSE:PKY)
finance.yahoo.com - August 17 at 7:06 PM
capitalcube.com logoETF’s with exposure to Parkway Properties, Inc. : August 16, 2016 (NYSE:PKY)
www.capitalcube.com - August 16 at 7:00 PM
capitalcube.com logoParkway Properties, Inc. breached its 50 day moving average in a Bullish Manner : PKY-US : August 15, 2016 (NYSE:PKY)
www.capitalcube.com - August 15 at 9:01 AM
News IconParkway to emerge out of merger in Q4 (NYSE:PKY)
www.orlandosentinel.com - August 12 at 6:58 PM
capitalcube.com logoParkway Properties, Inc. :PKY-US: Earnings Analysis: Q2, 2016 By the Numbers : August 12, 2016 (NYSE:PKY)
www.capitalcube.com - August 12 at 6:58 PM
finance.yahoo.com logoEdited Transcript of PKY earnings conference call or presentation 9-Aug-16 1:00pm GMT (NYSE:PKY)
finance.yahoo.com - August 10 at 9:56 AM
seekingalpha.com logoParkway Properties' (PKY) CEO Jim Heistand on Q2 2016 Results - Earnings Call Transcript (NYSE:PKY)
seekingalpha.com - August 9 at 7:06 PM
twst.com logoParkway Properties Inc.: Parkway Reports Second Quarter 2016 Results (NYSE:PKY)
www.twst.com - August 8 at 7:04 PM
4-traders.com logoParkway Properties : reports 2Q results (NYSE:PKY)
www.4-traders.com - August 8 at 7:04 PM
sg.finance.yahoo.com logoParkway Properties reports 2Q results (NYSE:PKY)
sg.finance.yahoo.com - August 8 at 7:04 PM
biz.yahoo.com logoQ2 2016 Parkway Properties Inc Earnings Release - After Market Close (NYSE:PKY)
biz.yahoo.com - August 8 at 11:34 AM
News IconCity of Des Moines to submit site proposal for new federal courthouse (NYSE:PKY)
businessrecord.com - August 5 at 7:05 PM
finance.yahoo.com logoWhy Parkway Properties (PKY) Might Surprise This Earnings Season (NYSE:PKY)
finance.yahoo.com - August 5 at 9:55 AM
News IconSales and leases | Norfolk, Hampton, Newport News buildings sell for millions (NYSE:PKY)
pilotonline.com - August 1 at 6:36 PM
bizjournals.com logoLargest Footprint: Houston-Area Commercial Property Owners (NYSE:PKY)
www.bizjournals.com - July 29 at 7:00 PM
capitalcube.com logoParkway Properties, Inc. breached its 50 day moving average in a Bullish Manner : PKY-US : July 29, 2016 (NYSE:PKY)
www.capitalcube.com - July 29 at 8:06 AM
reuters.com logoU.S. RESEARCH ROUNDUP-Netflix, Schlumberger, Hyatt Hotels (NYSE:PKY)
uk.reuters.com - July 19 at 6:16 AM
bizjournals.com logoPfizer said to plan new lab, office in Chesterfield (NYSE:PKY)
www.bizjournals.com - July 18 at 12:20 PM
fidaily.com logoWith Shares Trading up at $17.82 (PKY) Parkway Announces 2016 Second Quarter… (NYSE:PKY)
www.fidaily.com - July 18 at 12:20 PM
finance.yahoo.com logoParkway Announces 2016 Second Quarter Conference Call (NYSE:PKY)
finance.yahoo.com - July 18 at 6:30 AM
capitalcube.com logoParkway Properties, Inc. breached its 50 day moving average in a Bullish Manner : PKY-US : July 13, 2016 (NYSE:PKY)
www.capitalcube.com - July 13 at 8:51 AM
biz.yahoo.com logoPARKWAY PROPERTIES INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibi (NYSE:PKY)
biz.yahoo.com - July 11 at 3:17 PM
reuters.com logoBRIEF-Cousins Properties to hold stockholders meeting to vote on Parkway merger (NYSE:PKY)
www.reuters.com - July 1 at 9:39 AM
publicnow.com logoCousins Announces Special Meeting Of Stockholders To Vote On Merger With Parkway Properties, Inc. (NYSE:PKY)
www.publicnow.com - July 1 at 6:31 AM
publicnow.com logoParkway Announces Special Meeting Of Stockholders To Vote On Merger With Cousins Properties Incorporated (NYSE:PKY)
www.publicnow.com - July 1 at 6:21 AM
capitalcube.com logoParkway Properties, Inc. breached its 50 day moving average in a Bearish Manner : PKY-US : June 27, 2016 (NYSE:PKY)
www.capitalcube.com - June 27 at 8:19 AM
News IconOne of three Terrace Inn tracts sells for $1.1 million (NYSE:PKY)
www.themountainpress.com - June 18 at 6:05 PM
istreetwire.com logoIt’s Earnings Time: What to Do with Parkway Properties Inc. (NYSE:PKY) Stock (NYSE:PKY)
istreetwire.com - June 7 at 7:03 PM
biz.yahoo.com logoPARKWAY PROPERTIES INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:PKY)
biz.yahoo.com - June 6 at 6:51 AM
biz.yahoo.com logoPARKWAY PROPERTIES INC Files SEC form 8-K, Change in Directors or Principal Officers, Submission of Matters to a Vote (NYSE:PKY)
biz.yahoo.com - May 20 at 4:26 PM
feeds.benzinga.com logoCousins Properties, Parkway Properties Announce Stock-For-Stock Merger (NYSE:PKY)
feeds.benzinga.com - April 29 at 4:25 PM
seekingalpha.com logoParkway Properties flies after Cousins deal (NYSE:PKY)
seekingalpha.com - April 29 at 11:05 AM
feeds.reuters.com logoBRIEF-Cousins Properties to merge with Parkway Properties (NYSE:PKY)
feeds.reuters.com - April 29 at 9:51 AM
seekingalpha.com logoCousins Properties and Parkway Properties to merge, spin-off Houston assets (NYSE:PKY)
seekingalpha.com - April 29 at 8:19 AM
forbes.com logoEx-Dividend Reminder: Lamar Advertising, Parkway Properties and Intercontinental Exchange (NYSE:PKY)
www.forbes.com - March 10 at 11:22 AM
biz.yahoo.com logoPARKWAY PROPERTIES INC Files SEC form 10-K, Annual Report (NYSE:PKY)
biz.yahoo.com - February 25 at 3:10 PM
finance.yahoo.com logoParkway Announces Annual Stockholders Meeting Date (NYSE:PKY)
finance.yahoo.com - February 18 at 4:16 PM
finance.yahoo.com logoParkway Announces Quarterly Dividend (NYSE:PKY)
finance.yahoo.com - February 18 at 4:15 PM
capitalcube.com logoParkway Properties, Inc. Earnings Analysis: 2015 By the Numbers (NYSE:PKY)
www.capitalcube.com - February 11 at 10:10 AM
finance.yahoo.com logoParkway Prop downgraded by Stifel (NYSE:PKY)
finance.yahoo.com - February 10 at 6:40 AM
finance.yahoo.com logoEdited Transcript of PKY earnings conference call or presentation 9-Feb-16 2:00pm GMT (NYSE:PKY)
finance.yahoo.com - February 9 at 5:15 PM
sg.finance.yahoo.com logoParkway Properties reports 4Q results (NYSE:PKY)
sg.finance.yahoo.com - February 8 at 5:21 PM
biz.yahoo.com logoPARKWAY PROPERTIES INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, F (NYSE:PKY)
biz.yahoo.com - February 8 at 4:54 PM
finance.yahoo.com logoParkway Reports Full-Year And Fourth Quarter 2015 Results (NYSE:PKY)
finance.yahoo.com - February 8 at 4:15 PM

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Parkway Properties (NYSE:PKY) Chart for Saturday, October, 1, 2016


Last Updated on 10/1/2016 by MarketBeat.com Staff