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Last $16.09 USD
Change Today +0.03 / 0.19%
Volume 1.1M
PKY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

parkway properties inc (PKY) Snapshot

Open
$16.07
Previous Close
$16.06
Day High
$16.14
Day Low
$15.86
52 Week High
11/28/14 - $21.50
52 Week Low
08/26/15 - $15.32
Market Cap
1.8B
Average Volume 10 Days
859.7K
EPS TTM
$0.82
Shares Outstanding
111.6M
EX-Date
09/14/15
P/E TM
19.7x
Dividend
$0.75
Dividend Yield
4.66%
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. Declares Quarterly Dividend, Payable on September 30, 2015

Parkway Properties Inc. announced that its board of directors has declared a quarterly dividend of $0.1875 per share, payable on September 30, 2015 to shareholders of record of common stock on September 16, 2015. This dividend is the 116th consecutive quarterly distribution to Parkway's shareholders of common stock and represents an annualized dividend rate of $0.75 per share.

Parkway Properties Inc. Signs Strategic Renewal with Cigna Health and Life Insurance Company at Two Liberty Place in Philadelphia

Parkway Properties Inc. announced that it has signed a 322,000 square foot 12-year renewal lease with Cigna Health and Life Insurance Company at Two Liberty Place in Philadelphia, Pennsylvania. Cigna's renewal at Two Liberty Place, located in the central business district of Philadelphia, stabilizes approximately 34% of the building through October 31, 2027. Parkway expects Cigna to vacate the space it did not renew on or about May 31, 2016. As of July 1, 2015, Two Liberty Place was 99.2% occupied, or 89.4% occupied pro forma for Cigna's contraction. The Cigna lease represents an approximately 4% positive cash renewal spread from the expiring rate.

Parkway Properties Seeks Acquisitions

Parkway Properties Inc. (NYSE:PKY) is seeking acquisitions. Parkway Properties will continue to maximize the value of remaining planned asset sales and use expected proceeds to further strengthen their balance sheet and maintain the necessary flexibility to be selectively opportunistic in the acquisition market.

 

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Industry Analysis

PKY

Industry Average

Valuation PKY Industry Range
Price/Earnings 27.9x
Price/Sales 3.6x
Price/Book 1.3x
Price/Cash Flow 6.8x
TEV/Sales NM Not Meaningful
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