Parkway Properties Company Profile (NYSE:PKY)

About Parkway Properties (NYSE:PKY)

Parkway Properties 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: Office REITs
  • Sub-Industry: Office REITs
  • Symbol: NYSE:PKY
  • CUSIP: 70159Q10
  • Web:
  • Market Cap: $953.5 million
  • Outstanding Shares: 50,079,000
Average Prices:
  • 50 Day Moving Avg: $22.63
  • 200 Day Moving Avg: $21.54
  • 52 Week Range: $18.60 - $23.17
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -68.00
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $182.22 million
  • Price / Sales: 5.23
  • Book Value: $21.81 per share
  • Price / Book: 0.87
  • Annual Dividend: $0.40
  • Dividend Yield: 1.7%
  • EBITDA: $54.29 million
  • Return on Equity: -4.37%
  • Return on Assets: -2.53%
  • Current Ratio: 1.12%
  • Quick Ratio: 1.12%
  • Average Volume: 401,236 shs.
  • Beta: 1.32
  • Short Ratio: 3.06

Frequently Asked Questions for Parkway Properties (NYSE:PKY)

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 declared a special dividend on Monday, September 25th. Investors of record on Monday, October 9th will be paid a dividend of $4.00 per share on Tuesday, October 10th. The ex-dividend date of this dividend is Wednesday, October 11th. View Parkway Properties' Dividend History.

How were Parkway Properties' earnings last quarter?

Parkway Properties Inc. (NYSE:PKY) posted its quarterly earnings data on Thursday, May, 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The business earned $111.10 million during the quarter, compared to the consensus estimate of $108.45 million. Parkway Properties's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. View Parkway Properties' Earnings History.

When will Parkway Properties make its next earnings announcement?

Parkway Properties is scheduled to release their next quarterly earnings announcement on Friday, November, 10th 2017. View Earnings Estimates for Parkway Properties.

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

4 analysts have issued 1-year target prices for Parkway Properties' stock. Their predictions range from $22.00 to $25.00. On average, they anticipate Parkway Properties' share price to reach $23.25 in the next twelve months. View Analyst Ratings for Parkway Properties.

Are investors shorting Parkway Properties?

Parkway Properties saw a drop in short interest in September. As of September 29th, there was short interest totalling 338,147 shares, a drop of 58.2% from the September 15th total of 808,916 shares. Based on an average trading volume of 358,291 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the shares of the company are short sold.

Who are some of Parkway Properties' key competitors?

Who are Parkway Properties' key executives?

Parkway Properties' management team includes the folowing people:

  • James A. Thomas III, Independent Chairman of the Board
  • James R. Heistand, President, Chief Executive Officer, Director
  • Scott E. Francis, Chief Financial Officer, Executive Vice President, Chief Accounting Officer
  • M. Jayson Lipsey, Chief Operating Officer, Executive Vice President
  • Jason A. Bates, Executive Vice President, Chief Investment Officer
  • Thomas Blalock, Vice President - Finance and Capital MArkets, IR Contact Officer
  • Avi Banyasz, Independent Director
  • James H. Hance Jr., Independent Director
  • Frank J. Johnson III, Independent Director
  • Craig B. Jones, Independent Director

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.

What is Parkway Properties' stock price today?

One share of Parkway Properties stock can currently be purchased for approximately $19.04.

MarketBeat Community Rating for Parkway Properties (NYSE PKY)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  172 (Vote Outperform)
Underperform Votes:  237 (Vote Underperform)
Total Votes:  409
MarketBeat's community ratings are surveys of what our community members think about Parkway Properties 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 Properties (NYSE:PKY) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $23.25 (22.11% upside)
Consensus Price Target History for Parkway Properties (NYSE:PKY)
Price Target History for Parkway Properties (NYSE:PKY)
Analysts' Ratings History for Parkway Properties (NYSE:PKY)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/15/2017MizuhoReiterated RatingHold$23.00N/AView Rating Details
7/6/2017JMP SecuritiesDowngradeOutperform -> Market Perform$22.00LowView Rating Details
7/2/2017Stifel NicolausReiterated RatingHold$23.00LowView Rating Details
2/21/2017Capital One Financial CorporationUpgradeEqual Weight -> Overweight$25.00N/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 Inc.DowngradeOutperform -> 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
(Data available from 10/18/2015 forward)


Earnings History for Parkway Properties (NYSE:PKY)
Earnings by Quarter for Parkway Properties (NYSE:PKY)
Earnings History by Quarter for Parkway Properties (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 Properties (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 Properties (NYSE:PKY)
Most Recent Dividend:10/10/2017
Annual Dividend:$0.40
Dividend Yield:2.10%
Dividend Growth:-4.10% (3 Year Average)
Payout Ratio:-66.67% (Based on This Year's Estimates)
-142.86% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Parkway Properties (NYSE:PKY)

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

Insider Trades

Insider Trading and Institutional Ownership History for Parkway Properties (NYSE:PKY)
Insider Ownership Percentage: 4.90%
Institutional Ownership Percentage: 97.11%
Insider Trades by Quarter for Parkway Properties (NYSE:PKY)
Institutional Ownership by Quarter for Parkway Properties (NYSE:PKY)
Insider Trades by Quarter for Parkway Properties (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 Properties (NYSE:PKY)
Latest Headlines for Parkway Properties (NYSE:PKY)
DateHeadline logoParkway Properties Inc. (PKY) Short Interest Update - October 17 at 2:50 AM logoParkway Properties Inc. (PKY) Rating Reiterated by Mizuho - October 15 at 7:56 AM logoParkway, Inc. breached its 50 day moving average in a Bearish Manner : PKY-US : October 12, 2017 - October 13 at 8:08 AM logoCanada Pension Plan Investment Board Closes Merger with Parkway, Inc. - October 13 at 8:08 AM logoParkway Announces Payment Of Special Cash Dividend - October 11 at 6:38 AM logoAnalyzing Piedmont Office Realty Trust (PDM) & Parkway Properties (PKY) - September 29 at 6:24 PM logoPreferred Apartment Communities, Inc. Announces Acquisition of a 260-Unit Multifamily Community in Overland Park, Kansas - September 27 at 6:01 PM logoUSA Properties starts new apartment projects in Roseville, Folsom - September 27 at 6:01 PM logoParkway Properties (PKY) Shareholders Approve Merger with Canada Pension Plan ... - September 25 at 5:10 PM logoParkway Announces Stockholder Approval Of Merger And Declares Special Cash Dividend - September 25 at 5:10 PM logoParkway Properties Inc. (PKY) Announces Special Dividend of $4.00 - September 25 at 4:32 PM logoCritical Survey: Parkway Properties (PKY) & City Office REIT (CIO) - September 22 at 4:08 AM logoTechnical Reports on REIT Equities -- Retail Properties of America, Macerich, Realty Income, and Simon Property - September 19 at 6:35 AM logoParkway Properties Inc. (PKY) Receives Consensus Recommendation of "Hold" from Brokerages - September 17 at 12:52 AM logoParkway, Inc. breached its 50 day moving average in a Bullish Manner : PKY-US : September 11, 2017 - September 12 at 8:37 AM logoFinancial Analysis: Highwoods Properties (HIW) versus Parkway Properties (PKY) - September 10 at 10:22 PM logoParkway Properties (PKY) Announces Minimal Damage to Properties from Impact of Hurricane Harvey - September 1 at 7:15 AM logoParkway Reports Minimal Damage To Properties Resulting From Hurricane Harvey - August 31 at 8:44 AM logoParkway Properties Inc. (PKY) Given Consensus Rating of "Hold" by Analysts - August 23 at 12:30 AM logoFaruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Parkway, Inc. - August 22 at 8:25 PM logoContrasting Highwoods Properties (HIW) and Parkway Properties (NYSE:PKY) - August 15 at 6:32 AM logoHead-To-Head Survey: Parkway Properties (NYSE:PKY) & Hudson Pacific Properties (HPP) - August 11 at 9:04 PM logoParkway Announces Special Meeting of Stockholders to Vote on Merger With Canada Pension Plan Investment Board - August 8 at 6:15 AM logoParkway Properties Inc. (NYSE:PKY) Short Interest Update - August 1 at 7:12 AM logoParkway Properties (NYSE:PKY) & Corporate Office Properties Trust (OFC) Head to Head Comparison - July 31 at 12:24 PM logoParkway Properties Inc. (PKY) Given Consensus Rating of "Hold" by Brokerages - July 31 at 10:07 AM logoSHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Parkway, Inc. - PKY - July 29 at 6:22 AM logoParkway Properties (PKY) & Gramercy Property Trust (GPT) Financial Contrast - July 27 at 8:11 PM logoThe Law Offices of Vincent Wong Reminds Investors of an Investigation of Parkway, Inc. in Connection with the Sale of the Company to Canada Pension Plan Investment Board - July 18 at 7:19 AM logoINVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Parkway, Inc. And Encourages Shareholders To Contact The Firm For Additional Information - July 12 at 6:58 AM logoSHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of Parkway, Inc - PKY - July 12 at 6:58 AM logoThe Law Offices of Vincent Wong Notifies Investors of an Investigation of Parkway, Inc. in Connection with the Sale of the Company to Canada Pension Plan Investment Board - July 11 at 6:39 AM logoParkway Properties Inc. (NYSE:PKY) Rating Lowered to Market Perform at JMP Securities - July 9 at 8:06 AM logoPARKWAY, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe Believes the Acquisition by Canada Pension Plan Investment Board May be Unfair to Shareholders - July 8 at 1:35 PM logoWEISSLAW LLP: Parkway, Inc. Acquisition May Not Be in the Best Interests of PKY Shareholders - July 8 at 1:35 PM logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Concerning Whether the Sale of Parkway, Inc. to Canada Pension Plan Investment Board is Fair to Shareholders - July 7 at 8:10 AM logoPARKWAY, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Buyout - July 7 at 8:10 AM logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Concerning Whether the Sale of Parkway, Inc. to Canada Pension Plan Investment Board is Fair to Shareholders - July 7 at 8:10 AM logoSHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Parkway, Inc. and Encourages Investors to Contact the Firm for Additional Information - July 7 at 8:10 AM logoHarwood Feffer LLP Announces Investigation of Parkway Properties, Inc. - July 6 at 7:59 AM logoParkway Properties Inc. (PKY) Receives Consensus Recommendation of "Hold" from Analysts - July 3 at 10:24 PM logoPARKWAY INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Parkway, Inc. - July 2 at 7:36 PM logoParkway Properties Inc. (PKY) Stock Rating Reaffirmed by Stifel Nicolaus - July 2 at 7:28 AM logoCanada Pension Plan Investment Board to Buy Parkway for $1.2 Billion - July 2 at 6:31 AM logoCPPIB To Acquire Parkway For $1.2 Bln - Quick Facts - July 2 at 6:31 AM logoCanada Pension Plan Agrees to Buy Parkway for $1.2 Billion - July 2 at 6:31 AM logoCanada Pension Plan Investment Board Announces Definitive Agreement to Acquire Parkway, Inc. - July 1 at 6:36 AM logoParkway to be bought for $1.2 billion by CPPIB, a 13% premium - July 1 at 6:36 AM logoShareholder Alert: Ademi & O’Reilly, LLP Investigates Whether Parkway, Inc. Has Obtained a Fair Price in Its Sale to Canada Pension Plan Investment Board - July 1 at 6:36 AM logoFollowing months of renovations, accounting firm to expand in Greenway Plaza - June 28 at 5:28 PM



Parkway Properties (PKY) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by Staff

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