Sector Perform $18
Parkway Properties, Inc. (NYSE: PKY) downgraded to Sector Perform with price target $18 by RBC Capital Mkts
RBC Capital Mkts downgraded Parkway Properties, Inc. (NYSE: PKY) to Sector Perform with
price target $18. RBC Capital Mkts rated Parkway Properties, Inc. (NYSE: PKY) to Outperform with price target $21 on 10/28/2013, when the price was $18.84.
Parkway Properties, Inc.
(Parkway) is a real estate investment trust (REIT) specializing in the operation, leasing, acquisition and ownership of office properties. The Company performs these services for its own account and for other institutional investors through co-ownership structures, such as discretionary funds and/or partnerships. Parkwat focused on the Southeastern and Southwestern United States and Chicago. As of January 1, 2009, Parkway owned or had an interest in 67 office properties located in 11 states with an aggregate of approximately 13.5 million square feet of leasable space. Included in the portfolio are one discretionary fund and several partnership arrangements, which encompass 21 properties totaling 3.8 million square feet, representing 28% of the portfolio.
RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.