Legal & General Group Plc Increases Position in Parkway Properties Inc. (PKY)

Legal & General Group Plc increased its holdings in Parkway Properties Inc. (NYSE:PKY) by 10.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 182,527 shares of the real estate investment trust’s stock after purchasing an additional 17,566 shares during the period. Legal & General Group Plc owned approximately 0.37% of Parkway Properties worth $4,178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of Montreal Can increased its position in Parkway Properties by 310.0% during the second quarter. Bank of Montreal Can now owns 4,604 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 3,481 shares during the last quarter. Dupont Capital Management Corp bought a new position in Parkway Properties during the second quarter valued at $158,000. State of Alaska Department of Revenue increased its position in Parkway Properties by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 8,437 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 3,717 shares during the last quarter. Mason Street Advisors LLC increased its position in Parkway Properties by 7.0% during the first quarter. Mason Street Advisors LLC now owns 9,991 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 654 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in Parkway Properties by 4.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,086 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 460 shares during the last quarter. Institutional investors own 97.26% of the company’s stock.

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Shares of Parkway Properties Inc. (PKY) opened at 22.96 on Wednesday. Parkway Properties Inc. has a 1-year low of $20.13 and a 1-year high of $23.17. The stock’s market capitalization is $1.15 billion. The company has a 50-day moving average of $22.95 and a 200-day moving average of $21.23.

A number of research firms have weighed in on PKY. JMP Securities cut shares of Parkway Properties from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a research report on Thursday, July 6th. Stifel Nicolaus reissued a “hold” rating and set a $23.00 target price on shares of Parkway Properties in a research note on Sunday, July 2nd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Parkway Properties presently has a consensus rating of “Hold” and an average price target of $21.67.

Parkway Properties Company Profile

Parkway, 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.

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

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