Credit Agricole S A Has $506,000 Stake in Parkway Inc (PKY)

Credit Agricole S A decreased its position in Parkway Inc (NYSE:PKY) by 45.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,768 shares of the real estate investment trust’s stock after selling 18,719 shares during the period. Credit Agricole S A’s holdings in Parkway were worth $506,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PKY. Teton Advisors Inc. purchased a new stake in shares of Parkway during the fourth quarter worth about $218,000. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Parkway by 28.2% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 20,306 shares of the real estate investment trust’s stock worth $345,000 after buying an additional 4,465 shares during the last quarter. KBC Group NV increased its stake in shares of Parkway by 38.9% in the third quarter. KBC Group NV now owns 29,660 shares of the real estate investment trust’s stock worth $505,000 after buying an additional 8,314 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Parkway by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 31,800 shares of the real estate investment trust’s stock worth $541,000 after buying an additional 300 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Parkway by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 36,500 shares of the real estate investment trust’s stock worth $621,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Institutional Ownership by Quarter for Parkway (NYSE:PKY)

Parkway Inc (NYSE:PKY) opened at 19.46 on Tuesday. The company’s market cap is $972.40 million. The stock has a 50 day moving average of $20.92 and a 200-day moving average of $21.22. Parkway Inc has a 12-month low of $16.39 and a 12-month high of $26.20.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 16th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, March 14th. Parkway’s payout ratio is 60.87%.

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A number of brokerages have issued reports on PKY. Zacks Investment Research downgraded shares of Parkway from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 19th. JMP Securities began coverage on shares of Parkway in a research note on Tuesday, November 29th. They set an “outperform” rating and a $22.00 price objective on the stock. Stifel Nicolaus upgraded shares of Parkway from a “sell” rating to a “hold” rating and increased their price objective for the stock from $17.00 to $22.00 in a research note on Tuesday, January 17th. Finally, Capital One Financial Corp. upgraded shares of Parkway from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Parkway presently has a consensus rating of “Hold” and a consensus target price of $20.64.

Parkway Company Profile

Parkway, 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.

5 Day Chart for NYSE:PKY

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