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Last $17.56 USD
Change Today -0.09 / -0.51%
Volume 916.8K
PKY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

parkway properties inc (PKY) Snapshot

Open
$17.67
Previous Close
$17.65
Day High
$17.70
Day Low
$17.49
52 Week High
11/28/14 - $21.50
52 Week Low
05/5/15 - $16.03
Market Cap
2.0B
Average Volume 10 Days
602.6K
EPS TTM
$0.51
Shares Outstanding
111.5M
EX-Date
06/8/15
P/E TM
34.7x
Dividend
$0.75
Dividend Yield
4.27%
Current Stock Chart for PARKWAY PROPERTIES INC (PKY)

parkway properties inc (PKY) Related Businessweek News

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parkway properties inc (PKY) Details

Parkway Properties, Inc., a real estate investment trust (REIT), engages in the operation, acquisition, ownership, management, and leasing of office properties. It operates and invests principally in office properties in the southeastern and southwestern United States and Chicago. The company also offers real estate services. As of April 1, 2005, Parkway Properties had an interest in 64 office properties located in 11 states. It leased office properties to approximately 1,317 customers that comprise various industries, including government agencies, banking, professional services, energy, financial services, and telecommunications. As a REIT, the company would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Parkway Properties is based in Orlando, Florida.

322 Employees
Last Reported Date: 02/25/15

parkway properties inc (PKY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $650.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $406.3K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $272.3K
Compensation as of Fiscal Year 2014.

parkway properties inc (PKY) Key Developments

Parkway Properties Inc. to Buy Two Buckhead Plaza

Parkway Properties Inc. is about to make another bet on the Buckhead Village. Parkway has an agreement to buy Two Buckhead Plaza, a seven-story office building that was part of the first mixed-use project in the Village, a developing area just south of Lenox Square and Buckhead's high-rise towers such as Terminus and 3,344 Peachtree. The deal is expected to close as early as the end of this summer.

Zenefits Signs 10-Year Lease at Parkway's Hayden Ferry III Development in Tempe

Parkway Properties Inc. has announced that Zenefits FTW Insurance Services has signed a 135,000sqft 10-year new lease at its Hayden Ferry III development in Tempe, Arizona that commences on November 1, 2015. Parkway expects to deliver Hayden Ferry III during the third quarter 2015. Parkway has a 70% ownership interest in the development, which is owned by Parkway Properties Office Fund II L.P.

Parkway Reportedly Exploring Options Including Sale

Parkway Properties Inc. (NYSE:PKY) is reportedly in the early stages of exploring strategic options including a sale. Parkway Properties is working with Bank of America Corp.’s Merrill Lynch and Wells Fargo & Co., said people who asked not to be identified because the information is private. Prospective buyers haven’t yet been invited to make offers, they said.

 

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Industry Analysis

PKY

Industry Average

Valuation PKY Industry Range
Price/Earnings 49.2x
Price/Sales 4.2x
Price/Book 1.5x
Price/Cash Flow 8.5x
TEV/Sales NM Not Meaningful
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