Parkway Prop Rating Increased to Buy at Stifel Nicolaus (PKY)
Parkway Prop (NYSE: PKY) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $11.50 target price on the stock.
Shares of Parkway Prop traded up 3.46% during mid-day trading on Friday, hitting $10.77. Parkway Prop has a one year low of $9.02 and a one year high of $18.55. The company’s market cap is $236.4 million.
Parkway Prop last announced its earnings results on Thursday, May 3rd. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.10. The company’s quarterly revenue was up 82.6% on a year-over-year basis. On average, analysts predict that Parkway Prop will post $0.30 earnings per share next quarter.
Separately, analysts at Cantor Fitzgerald initiated coverage on shares of Parkway Prop in a research note to investors on Thursday, March 29th. They set a “buy” rating and a $12.00 price target on the stock.
Parkway Properties, Inc. (Parkway) is a self-administered real estate investment trust (REIT) specializing in the operation, leasing, acquisition and ownership of office properties.