Parkway Properties Company Profile (NYSE:PKY)

About Parkway Properties

Parkway Properties logoParkway, Inc. is a real estate investment trust (REIT). The Company has a portfolio of approximately five Class A office assets totaling over 8.7 million rentable square feet in the Galleria, Greenway and Westchase submarkets of Houston, Texas. The Company offers fee-based real estate services through its subsidiaries, which in total manages or leases approximately 2.7 million square feet primarily for third-party owners. The Company holds, directly and through its ownership of Parkway Properties General Partners, Inc. (Parkway GP), approximately 98% common partnership interest in the Parkway Operating Partnership LP (the Operating Partnership). The Company, through its Operating Partnership, owns substantially all of its assets and conducts substantially all of its operations. The Company's assets include Greenway Plaza, Post Oak Central, CityWestPlace, Phoenix Tower and San Felipe Plaza.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Office
  • Sub-Industry: Office REITs
  • Exchange: NYSE
  • Symbol: PKY
  • CUSIP: 70159Q10
Key Metrics:
  • Previous Close: $21.58
  • 50 Day Moving Average: $21.63
  • 200 Day Moving Average: $21.63
  • 52-Week Range: $49,969,000.00 - $20.67
  • Trailing P/E Ratio: 60.28
  • Foreward P/E Ratio: 13.83
  • P/E Growth: 0.00
  • Market Cap: $1.08B
  • Outstanding Shares: 49,969,000
  • Beta: 1.24
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: 7 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.22)
Consensus Price Target: $18.92 (12.34% downside)

Analysts' Ratings History for Parkway Properties (NYSE:PKY)
Show:
DateFirmActionRatingPrice TargetDetails
1/17/2017Stifel NicolausUpgradeSell -> Hold$17.00 -> $22.00View Rating Details
11/29/2016JMP SecuritiesInitiated CoverageMarket Perform -> Outperform$22.00View 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 & CompanyDowngradeOutperform -> Market PerformView Rating Details
8/10/2015Royal Bank Of CanadaDowngradeOutperform -> Sector Perform$20.00 -> $18.00View Rating Details
(Data available from 2/19/2015 forward)

Earnings

Earnings History for Parkway Properties (NYSE:PKY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2016        
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: $1.37 EPS
Next Year EPS Consensus Estimate: $1.56 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:$0.56
Dividend Yield:2.59%
Dividend Growth:-4.10% (3 Year Average)
Payout Ratio:60.87% (Based on Trailing 12 Months of Earnings)
40.88% (Based on Current Year Consensus EPS Estimate)
35.90% (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: 97.65%
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
finance.yahoo.com logoParkway Agrees To Sell 49% Interest In Houston Greenway Portfolio (NYSE:PKY)
finance.yahoo.com - February 18 at 11:36 AM
capitalcube.com logoParkway, Inc. breached its 50 day moving average in a Bearish Manner : PKY-US : February 15, 2017 (NYSE:PKY)
www.capitalcube.com - February 16 at 6:51 PM
capitalcube.com logoParkway, Inc. breached its 50 day moving average in a Bearish Manner : PKY-US : February 15, 2017 (NYSE:PKY)
www.capitalcube.com - February 16 at 6:51 PM
nasdaq.com logoFifth Third Bancorp Buys Amsurg, TAL Education Group, SPDR Nuveen Bloomberg Barclays Short Term ... (NYSE:PKY)
www.nasdaq.com - February 10 at 8:14 PM
News IconParkway Pharmacy - Rightsource Pharmacy - Vcu Pharmacy - 3,353 Completed ORDERS Today! (NYSE:PKY)
www.netnewsledger.com - February 7 at 12:22 AM
capitalcube.com logoParkway, Inc. breached its 50 day moving average in a Bullish Manner : PKY-US : February 3, 2017 (NYSE:PKY)
www.capitalcube.com - February 3 at 8:05 PM
finance.yahoo.com logoParkway Announces Investor Day Webcast (NYSE:PKY)
finance.yahoo.com - January 17 at 11:02 AM
finance.yahoo.com logoParkway Announces Fourth Quarter 2016 Earnings Release And Conference Call Dates (NYSE:PKY)
finance.yahoo.com - January 16 at 7:43 PM
News IconMacy's to close 68 locations including Boulevard Mall store (NYSE:PKY)
www.lasvegasnow.com - January 6 at 7:59 PM
News IconBuilding permits, Dec. 12-23, 2016 (NYSE:PKY)
bbjtoday.com - January 6 at 7:59 PM
News IconIn Dacono, 10 minutes up I-25 from Thornton, KB Home can deliver a large ranch with full-wide, three-car garage (NYSE:PKY)
www.dphomes.today - January 6 at 7:59 PM
News IconZoning board to hear U-Haul’s variance request (NYSE:PKY)
www.ajc.com - January 6 at 7:59 PM
News IconRealty News Report’s Legends of Real Estate Awards: Deal of the Year – Parkway, Jim Heistand (NYSE:PKY)
realtynewsreport.com - January 4 at 4:57 AM
4-traders.com logoColumbia Property Trust : Technical Reports on REIT Stocks -- New York REIT, Parkway, Kilroy Realty, and Columbia Property Trust (NYSE:PKY)
www.4-traders.com - December 30 at 9:00 AM
marketwatch.com logoTechnical Reports on REIT Stocks -- New York REIT, Parkway, Kilroy Realty, and Columbia Property Trust (NYSE:PKY)
www.marketwatch.com - December 30 at 9:00 AM
News IconAmended Current Report Filing (8-k/a) (NYSE:PKY)
ih.advfn.com - December 22 at 1:19 AM
News IconKDOT readies to use eminent domain for properties on Longmeadow Parkway (NYSE:PKY)
www.chicagotribune.com - December 20 at 11:45 PM
News IconHome2 Suites Opens in Pasadena, TX (NYSE:PKY)
www.hotelbusiness.com - December 8 at 9:14 AM
us.rd.yahoo.com logoCoverage initiated on Parkway by JMP Securities (NYSE:PKY)
us.rd.yahoo.com - November 30 at 7:24 PM
marketexclusive.com logoLeerink Swann has upgraded the stock of Aclaris Therapeutics Inc. (NASDAQ:ACRS) (NYSE:PKY)
marketexclusive.com - November 29 at 2:06 PM
nasdaq.com logoAbode Properties and Transcontinental Realty Investors, Inc. Receives TPA Approval for Grand Fountain Apartments (NYSE:PKY)
www.nasdaq.com - November 24 at 10:13 AM
News IconNew downtown office landlord emerges (NYSE:PKY)
www.orlandosentinel.com - November 20 at 11:00 AM
finance.yahoo.com logoWillis Towers (WLTW): What's in Store this Earnings Season? (NYSE:PKY)
finance.yahoo.com - November 3 at 10:55 AM
prnewswire.com logoREIT Stocks Technical Reports -- Parkway Properties, Kilroy Realty, Mack-Cali Realty, and Highwoods Properties (NYSE:PKY)
www.prnewswire.com - November 1 at 11:19 AM
News IconFrisco plans $300 million industrial park to bring in more business (NYSE:PKY)
www.dallasnews.com - October 27 at 6:55 PM
finance.yahoo.com logoCoverage initiated on Parkway by Stifel (NYSE:PKY)
finance.yahoo.com - October 18 at 12:06 PM
streetinsider.com logoForm 4 Parkway, Inc. For: Oct 06 Filed by: PARKWAY PROPERTIES INC (NYSE:PKY)
www.streetinsider.com - October 13 at 10:27 AM
News IconParkway Place Mall announces decision to close on Thanksgiving Day (NYSE:PKY)
whnt.com - October 12 at 6:43 PM
streetinsider.com logoForm 4 PARKWAY PROPERTIES INC For: Oct 06 Filed by: Bates Jason A (NYSE:PKY)
www.streetinsider.com - October 11 at 7:06 PM
nasdaq.com logoParkway Properties Reaches Analyst Target Price (NYSE:PKY)
www.nasdaq.com - October 10 at 11:33 AM
biz.yahoo.com logoPARKWAY PROPERTIES INC Files SEC form 8-K, Termination of a Material Definitive Agreement, Completion of Acquisition (NYSE:PKY)
biz.yahoo.com - October 6 at 6:34 PM
bizjournals.com logoEXCLUSIVE: Cousins, Parkway finalize $5B CRE REIT merger (NYSE:PKY)
www.bizjournals.com - October 6 at 6:34 PM
bizjournals.com logoCousins closes on Parkway Properties merger (NYSE:PKY)
www.bizjournals.com - October 6 at 12:19 PM
capitalcube.com logoParkway Properties, Inc. : PKY-US: Dividend Analysis : August 23rd, 2016 (record date) : By the numbers : October 5, 2016 (NYSE:PKY)
www.capitalcube.com - October 5 at 6:39 PM
finance.yahoo.com logo1:01 pm Index Changes Reminder: S&P SmallCap 600 constituent Cousins Prop (CUZ (NYSE:PKY)
finance.yahoo.com - October 5 at 6:39 PM
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
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

Social

What is Parkway Properties' stock symbol?

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

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

Parkway Properties announced a quarterly dividend on Thursday, July 7th. Investors of record on Tuesday, August 23rd will be given a dividend of $0.1875 per share on Tuesday, September 6th. This represents a $0.75 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Friday, August 19th.

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

9 brokerages have issued twelve-month price objectives for Parkway Properties' stock. Their forecasts range from $16.00 to $22.00. On average, they expect Parkway Properties' share price to reach $18.92 in the next year.

When will Parkway Properties announce their earnings?

Parkway Properties is scheduled to release their next quarterly earnings announcement on Monday, October, 31st 2016.

Who owns Parkway Properties stock?

Parkway Properties' stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (5.78%), State Street Corp (3.16%), Systematic Financial Management LP (2.60%), Third Avenue Management LLC (2.09%), Waterfront Capital Partners LLC (1.38%) and Dimensional Fund Advisors LP (1.19%). Company insiders that own Parkway Properties stock include David R O'reilly, Edward Manuel Casal, James R Heistand and M Jayson Lipsey.

Who sold Parkway Properties stock? Who is selling Parkway Properties stock?

Parkway Properties' stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Frontier Capital Management Co. LLC, State Street Corp, Dimensional Fund Advisors LP, CNH Partners LLC, Guggenheim Capital LLC, Two Sigma Investments LP and Silvercrest Asset Management Group LLC.

Who bought Parkway Properties stock? Who is buying Parkway Properties stock?

Parkway Properties' stock was purchased by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, Third Avenue Management LLC, Waterfront Capital Partners LLC, Davidson Kempner Capital Management LP, Oasis Management Co Ltd., Chilton Capital Management LLC, Russell Investments Group Ltd. and FNY Partners Fund LP. Company insiders that have bought Parkway Properties stock in the last two years include Edward Manuel Casal and James R Heistand.

How do I buy Parkway Properties stock?

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

How much does a share of Parkway Properties stock cost?

One share of Parkway Properties stock can currently be purchased for approximately $21.58.

Parkway Properties (NYSE:PKY) Chart for Sunday, February, 19, 2017


Institutional Ownership Chart

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

Earnings History Chart

Earnings by Quarter for Parkway Properties (NYSE:PKY)

Dividend History Chart

Dividend Payments by Quarter for Parkway Properties (NYSE:PKY)

Last Updated on 2/19/2017 by MarketBeat.com Staff