Parkway Company Profile (NYSE:PKY)

About Parkway (NYSE:PKY)

Parkway logoParkway, 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. In addition, the Company operates a fee-based real estate service (the Third-Party Services Business) through a subsidiary, Eola Office Partners, LLC and its subsidiaries (collectively, Eola), which in total managed approximately 3.8 million square feet (unaudited) for primarily third-party owners, as of December 31, 2016. The Company's properties include CityWestPlace, San Felipe Plaza, Phoenix Tower, Greenway Plaza and Post Oak Central.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Office
  • Sub-Industry: Office REITs
  • Symbol: NYSE:PKY
  • CUSIP: 70159Q10
  • Web:
  • Market Cap: $985.04 million
  • Outstanding Shares: 50,053,000
Average Prices:
  • 50 Day Moving Avg: $20.09
  • 200 Day Moving Avg: $20.56
  • 52 Week Range: $18.60 - $23.17
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -70.29
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $213.81 million
  • Price / Sales: 4.61
  • Book Value: $22.10 per share
  • Price / Book: 0.89
  • EBIDTA: $77.41 million
  • Net Margins: 23.58%
  • Return on Equity: 6.36%
  • Return on Assets: 2.94%
  • Current Ratio: 0.22%
  • Quick Ratio: 0.22%
  • Average Volume: 287,844 shs.
  • Beta: 1.24
  • Short Ratio: 3.28

Frequently Asked Questions for Parkway (NYSE:PKY)

What is Parkway's stock symbol?

Parkway trades on the New York Stock Exchange (NYSE) under the ticker symbol "PKY."

How often does Parkway pay dividends? What is the dividend yield for Parkway?

Parkway announced a quarterly dividend on Tuesday, May 23rd. Shareholders of record on Friday, June 16th will be paid a dividend of $0.10 per share on Friday, June 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Wednesday, June 14th. View Parkway's Dividend History.

How were Parkway's earnings last quarter?

Parkway Inc (NYSE:PKY) issued its quarterly earnings results on Monday, May, 8th. The company reported $0.52 EPS for the quarter, topping the Zacks' consensus estimate of $0.51 by $0.01. The company had revenue of $71.40 million for the quarter, compared to the consensus estimate of $70.67 million. Parkway had a return on equity of 6.36% and a net margin of 23.58%. View Parkway's Earnings History.

What guidance has Parkway issued on next quarter's earnings?

Parkway issued an update on its FY17 earnings guidance on Monday, May, 8th. The company provided earnings per share (EPS) guidance of $1.52-$1.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.48.

Where is Parkway's stock going? Where will Parkway's stock price be in 2017?

8 equities research analysts have issued twelve-month price targets for Parkway's shares. Their forecasts range from $18.00 to $25.00. On average, they anticipate Parkway's stock price to reach $20.83 in the next twelve months. View Analyst Ratings for Parkway.

Who are some of Parkway's key competitors?

Who owns Parkway stock?

Parkway's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.99%), BlackRock Inc. (12.96%), TPG Group Holdings SBS Advisors Inc. (9.63%), Bank of New York Mellon Corp (8.91%), FMR LLC (4.90%) and State Street Corp (3.33%). Company insiders that own Parkway stock include David R O'reilly and M Jayson Lipsey. View Institutional Ownership Trends for Parkway.

Who sold Parkway stock? Who is selling Parkway stock?

Parkway's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Morgan Stanley, LSV Asset Management, Wells Fargo & Company MN, Virginia Retirement Systems ET AL, JPMorgan Chase & Co., TIAA CREF Investment Management LLC and JRM Investment Counsel LLC. View Insider Buying and Selling for Parkway.

Who bought Parkway stock? Who is buying Parkway stock?

Parkway's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, KRV Capital LP, Land & Buildings Investment Management LLC, CORDA Investment Management LLC., Waterfront Capital Partners LLC, Russell Investments Group Ltd. and Massachusetts Financial Services Co. MA. View Insider Buying and Selling for Parkway.

How do I buy Parkway stock?

Shares of Parkway can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Parkway's stock price today?

One share of Parkway stock can currently be purchased for approximately $19.68.

MarketBeat Community Rating for Parkway (NYSE PKY)
Community Ranking:  2.0 out of 5 ( )
Outperform Votes:  129 (Vote Outperform)
Underperform Votes:  189 (Vote Underperform)
Total Votes:  318
MarketBeat's community ratings are surveys of what our community members think about Parkway and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Parkway (NYSE:PKY) (?)
Ratings Breakdown: 6 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $20.83 (5.86% upside)

Analysts' Ratings History for Parkway (NYSE:PKY)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/27/2017MizuhoReiterated RatingNeutral$20.00MediumView Rating Details
2/21/2017Capital One Financial Corp.UpgradeEqual Weight -> Overweight$25.00N/AView Rating Details
1/17/2017Stifel NicolausUpgradeSell -> Hold$17.00 -> $22.00N/AView Rating Details
11/29/2016JMP SecuritiesInitiated CoverageMarket Perform -> Outperform$22.00N/AView Rating Details
10/6/2016DA DavidsonSet Price TargetHold$18.00N/AView Rating Details
8/31/2016Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
8/31/2016Citigroup IncDowngradeOutperform -> Market PerformN/AView Rating Details
8/17/2016Robert W. BairdDowngradeOutperform -> Neutral$19.00 -> $18.00N/AView Rating Details
5/2/2016Sandler O'NeillDowngradeBuy -> HoldN/AView Rating Details
3/11/2016Barclays PLCBoost Price TargetOverweight$15.00 -> $16.00N/AView Rating Details
10/7/2015Wells Fargo & CoDowngradeOutperform -> Market PerformN/AView Rating Details
8/10/2015Royal Bank of CanadaDowngradeOutperform -> Sector Perform$20.00 -> $18.00N/AView Rating Details
(Data available from 5/29/2015 forward)


Earnings History for Parkway (NYSE:PKY)
Earnings by Quarter for Parkway (NYSE:PKY)
Earnings History by Quarter for Parkway (NYSE:PKY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/8/2017Q1 2017$0.51$0.52$70.67 million$71.40 millionViewListenView 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 (NYSE:PKY)
2017 EPS Consensus Estimate: $1.46
2018 EPS Consensus Estimate: $1.30
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.34$0.51$0.43
Q2 20172$0.34$0.34$0.34
Q3 20172$0.34$0.35$0.35
Q4 20172$0.34$0.35$0.35
Q1 20181$0.31$0.31$0.31
Q2 20181$0.32$0.32$0.32
Q3 20181$0.33$0.33$0.33
Q4 20181$0.34$0.34$0.34
(Data provided by Zacks Investment Research)


Current Dividend Information for Parkway (NYSE:PKY)
Next Dividend:6/30/2017
Annual Dividend:$0.56
Dividend Yield:2.85%
Dividend Growth:-4.10% (3 Year Average)
Payout Ratio:60.87% (Trailing 12 Months of Earnings)
-93.33% (Based on This Year's Estimates)
-200.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Parkway (NYSE:PKY)

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

Insider Trades

Insider Trading and Institutional Ownership History for Parkway (NYSE:PKY)
Insider Ownership Percentage: 7.90%
Institutional Ownership Percentage: 97.65%
Insider Trades by Quarter for Parkway (NYSE:PKY)
Institutional Ownership by Quarter for Parkway (NYSE:PKY)
Insider Trades by Quarter for Parkway (NYSE:PKY)
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)


Headline Trends for Parkway (NYSE:PKY)
Latest Headlines for Parkway (NYSE:PKY)
DateHeadline logoParkway Inc (PKY) Announces Quarterly Dividend of $0.10 - May 23 at 6:22 PM logoEdited Transcript of PKY.N earnings conference call or presentation 9-May-17 1:00pm GMT - May 14 at 6:51 PM logoParkway Inc (PKY) Receives Consensus Rating of "Hold" from Brokerages - May 12 at 10:41 PM logoParkway takes next step in revitalizing Greenway Plaza - May 10 at 7:27 PM logoParkway Reports First Quarter 2017 Results - May 9 at 11:06 AM logoParkway Inc (PKY) Issues Quarterly Earnings Results - May 9 at 12:38 AM logoParkway Inc (PKY) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS - May 8 at 11:52 PM logoParkway Properties reports 1Q results - May 8 at 5:36 PM logoParkway Inc (PKY) Updates FY17 Earnings Guidance - May 8 at 5:26 PM logoParkway, Inc. breached its 50 day moving average in a Bearish Manner : PKY-US : May 5, 2017 - May 5 at 7:31 PM logoParkway Inc (PKY) Raised to "Hold" at Zacks Investment Research - May 3 at 8:06 AM logo244-unit apartment complex proposed off Hurstbourne Parkway - May 2 at 10:24 AM logoSomewhat Critical Media Coverage Extremely Likely to Impact Parkway (PKY) Share Price - May 2 at 8:58 AM logoSomewhat Favorable News Coverage Extremely Likely to Affect Parkway (PKY) Share Price - April 28 at 4:34 PM logoParkway (PKY) Receiving Somewhat Critical Press Coverage, Analysis Finds - April 25 at 1:32 PM logoParkway Inc (PKY) Expected to Post Earnings of $0.51 Per Share - April 24 at 2:34 PM logoParkway, Inc. breached its 50 day moving average in a Bearish Manner : PKY-US : April 24, 2017 - April 24 at 2:03 PM logoParkway Completes Joint Venture Of Houston Greenway Assets - April 20 at 7:22 PM logoParkway Inc (PKY) Given Consensus Rating of "Hold" by Brokerages - April 18 at 12:52 AM logoParkway Announces First Quarter 2017 Earnings Release And Conference Call Dates - April 17 at 6:22 PM logoPositive News Coverage Extremely Likely to Impact Parkway (PKY) Stock Price - April 17 at 1:42 PM logoParkway (PKY) Given News Impact Score of 0.31 - April 14 at 11:29 PM logoRecent deals show Houston's office investment market is 'gearing up again' - April 12 at 1:51 PM logoParkway, Inc. breached its 50 day moving average in a Bullish Manner : PKY-US : April 12, 2017 - April 12 at 1:51 PM logoWhat the new $1.6B Wekiva Parkway will look like; contractor jobs available - April 8 at 12:12 PM logoInvesco Municipal Income Fund A (VKMMX) March Summary - April 3 at 6:38 PM logoLife Time Fitness to replace Houston City Club at Greenway Plaza - April 3 at 6:38 PM logoEngineering firm to move Houston office after a period of growth - March 28 at 7:04 PM logoParkway Inc (PKY) Coverage Initiated at Mizuho - March 27 at 8:47 AM logoParkway Inc (PKY) Upgraded to Overweight at Capital One Financial Corp. - March 26 at 2:25 PM logoBed Bath & Beyond closing in Antioch, here’s what will replace it - March 24 at 7:04 PM logoExclusive: Buyer of historic downtown San Jose office building plans rehab for small tenants - March 17 at 7:24 PM logoAcquisition of Parkway put Cousins on top in Buckhead - March 3 at 8:40 AM logoParkway Announces Annual Stockholders Meeting Date - March 1 at 9:30 AM logoParkway Announces Quarterly Dividend - February 28 at 7:50 PM logoEdited Transcript of PKY.N earnings conference call or presentation 24-Feb-17 3:00pm GMT - February 25 at 1:27 AM logoParkway Properties Inc. 2016 Q4 - Results - Earnings Call Slides - February 24 at 8:25 PM logoParkway Reports Fourth Quarter 2016 Results - February 23 at 7:20 PM logo2:10 am Parkway divests 49% of stake in Houston Greenway Portfolio for $512.1 mln - February 22 at 7:23 PM logoThird Avenue Management's Top 5 Stock Buys of Q4 - February 21 at 5:37 PM logoParkway Agrees To Sell 49% Interest In Houston Greenway Portfolio - February 18 at 11:36 AM logoFifth Third Bancorp Buys Amsurg, TAL Education Group, SPDR Nuveen Bloomberg Barclays Short Term ... - February 10 at 8:14 PM logoParkway Announces Investor Day Webcast - January 17 at 11:02 AM logoParkway Announces Fourth Quarter 2016 Earnings Release And Conference Call Dates - January 16 at 7:43 PM logoTechnical Reports on REIT Stocks -- New York REIT, Parkway, Kilroy Realty, and Columbia Property Trust - December 30 at 9:00 AM logoCoverage initiated on Parkway by JMP Securities - November 30 at 7:24 PM logoAbode Properties and Transcontinental Realty Investors, Inc. Receives TPA Approval for Grand Fountain Apartments - November 24 at 10:13 AM logoWillis Towers (WLTW): What's in Store this Earnings Season? - November 3 at 10:55 AM logoREIT Stocks Technical Reports -- Parkway Properties, Kilroy Realty, Mack-Cali Realty, and Highwoods Properties - November 1 at 11:19 AM logoCoverage initiated on Parkway by Stifel - October 18 at 12:06 PM



Parkway (PKY) Chart for Monday, May, 29, 2017

This page was last updated on 5/29/2017 by Staff