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: www.pky.com
Capitalization:
  • Market Cap: $985.04 million
  • Outstanding Shares: 50,053,000
Average Prices:
  • 50 Day Moving Avg: $20.09
  • 200 Day Moving Avg: $20.57
  • 52 Week Range: $16.39 - $26.20
P/E:
  • 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
Profitability:
  • EBIDTA: $77.41 million
  • Net Margins: 23.58%
  • Return on Equity: 6.36%
  • Return on Assets: 2.94%
Debt:
  • Current Ratio: 0.22%
  • Quick Ratio: 0.22%
Misc:
  • Average Volume: 290,424 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 declared a quarterly dividend on Tuesday, May 23rd. Shareholders of record on Friday, June 16th will be given 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 of this dividend is Wednesday, June 14th. View Parkway's Dividend History.

How were Parkway's earnings last quarter?

Parkway Inc (NYSE:PKY) released its quarterly earnings data on Monday, May, 8th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $71.40 million for the quarter, compared to analyst estimates 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 earnings per share estimate of $1.48.

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

8 brokers have issued 12-month price objectives for Parkway's shares. Their predictions range from $18.00 to $25.00. On average, they expect Parkway's share price to reach $20.83 in the next year. View Analyst Ratings for Parkway.

Who are some of Parkway's key competitors?

Who owns Parkway stock?

Parkway's stock is owned by many different of retail and institutional 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 purchased 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.

How much does a share of Parkway stock cost?

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

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)
Show:
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 5/26/2015 forward)

Earnings

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)

Estimates

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)

Dividends

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
5/23/2017quarterly$0.102.02%6/14/20176/16/20176/30/2017
2/28/2017quarterly$0.103/14/20173/16/20173/30/2017
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 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)

Headlines

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

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Parkway (PKY) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff