Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $17.86 USD
Change Today +0.30 / 1.71%
Volume 1.6M
PKY On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

parkway properties inc (PKY) Snapshot

Open
$18.05
Previous Close
$17.56
Day High
$18.28
Day Low
$17.73
52 Week High
07/24/14 - $21.80
52 Week Low
05/5/15 - $16.03
Market Cap
2.0B
Average Volume 10 Days
1.1M
EPS TTM
$0.51
Shares Outstanding
111.5M
EX-Date
06/8/15
P/E TM
35.2x
Dividend
$0.75
Dividend Yield
4.20%
Current Stock Chart for PARKWAY PROPERTIES INC (PKY)

parkway properties inc (PKY) Related Businessweek News

No Related Businessweek News Found

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 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.

Parkway Properties, Inc. Completes Placement of $200 Million Unsecured Term Loan

Parkway Properties Inc. announced that it has closed a $200 million unsecured term loan. The term loan has a maturity date of June 26, 2020, and has an accordion feature that allows for an increase in the size of the term loan to as much as $400 million. Interest on the term loan is based on LIBOR plus an applicable margin, initially 1.35%. The term loan will have substantially the same operating and financial covenants as required by the company's current unsecured revolving credit facility. Wells Fargo Securities, LLC and PNC Capital Markets LLC acted as joint lead arrangers and Joint bookrunners on the term loan. In addition, Wells Fargo Bank, National Association acted as Administrative Agent; PNC Bank, National Association acted as Syndication Agent; and TD Bank, N.A. and U.S. Bank National Association acted as documentation agents. Other participating lenders include Bank of America, N.A., JPMorgan Chase Bank, N.A., KeyBank National Association, Raymond James Bank, N.A. and Trustmark National Bank.

Parkway Properties Inc. Declares Quarterly Dividend, Payable on June 24, 2015

Parkway Properties Inc. announced that its Board of Directors has declared a quarterly dividend of $0.1875 per share, payable on June 24, 2015 to shareholders of record of common stock on June 10, 2015. This dividend is the 115th consecutive quarterly distribution to the company’s shareholders of common stock and represents an annualized dividend rate of $0.75 per share.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PKY:US $17.86 USD +0.30

PKY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for PKY.
View Industry Companies
 

Industry Analysis

PKY

Industry Average

Valuation PKY Industry Range
Price/Earnings 49.8x
Price/Sales 4.2x
Price/Book 1.5x
Price/Cash Flow 8.6x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PARKWAY PROPERTIES INC, please visit www.pky.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.