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 Where business works
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| Industry | Real estate investment trust |
|---|---|
| Fate | Acquired |
| Founded | May 17, 1996 (1996-05-17) |
| Headquarters | Orlando, Florida |
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Key people
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James R. Heistand, President & CEO |
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Number of employees
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286 |
| Website | pky |
Parkway Properties, Inc. was a real estate investment trust that invested in office buildings in the Sun Belt. In 2016, the company was acquired by Cousins Properties.
Notable properties owned by the company included Liberty Place, Phoenix Tower, San Felipe Plaza and Raymond James Tower in Memphis, Tennessee.
The company was formed on May 17, 1996.
In 2011, the company acquired the property management business of Eola Capital and its ownership stake in 6 properties for $462 million.
In 2012, the company acquired Hearst Tower for $250 million. The company also sold 15 properties in Memphis, for $147.5 million.
In 2013, the company acquired Thomas Properties Group in a $1.2 billion transaction. The company also acquired Deerwood North and Deerwood South for $130 million. The company sold Carmel Crossing for $37.5 million.
In 2014, the company sold Fair Oaks Plaza and an office building in Houston leased to Schlumberger. It also sold 3 office buildings in Central Florida Research Park for $44 million. It acquired Corporate Center I, II and III in Tampa, Florida for $238 million.
In 2015, the company sold Millenia Park One for $28.2 million.
In 2016, the company was acquired by Cousins Properties, which spun off its Houston assets into a new company called Parkway, Inc.
| 2016-05-13 | Downgrade | DA Davidson | Buy to Neutral | |
| 2016-05-02 | Downgrade | Sandler O'Neill | Buy to Hold | |
| 2016-05-02 | Downgrade | Mizuho | Buy to Neutral | $17.50 |
| 2016-03-11 | Boost Price Target | Barclays | Overweight | $15.00 to $16.00 |
| 2016-03-11 | Boost Price Target | Barclays PLC | Overweight | $15.00 to $16.00 |
| 2016-02-11 | Lower Price Target | Robert W. Baird | Outperform | $18.00 to $16.00 |
| 2016-02-10 | Downgrade | Stifel Nicolaus | Buy to Hold | |
| 2016-02-09 | Lower Price Target | DA Davidson | Buy | $17.00 |
| 2015-12-18 | Lower Price Target | Barclays | Overweight | $20.00 to $19.00 |
| 2015-12-01 | Upgrade | Stifel Nicolaus | Hold to Buy | $19.50 |
| 2015-11-23 | Upgrade | Mizuho | Neutral to Buy | $19.00 |
| 2015-11-03 | Boost Price Target | DA Davidson | Buy | $19.00 to $20.00 |
| 2015-10-20 | Boost Price Target | Barclays | Overweight | $19.00 to $20.00 |
| 2015-10-09 | Lower Price Target | Raymond James | Outperform | $18.50 to $18.00 |
| 2015-10-09 | Lower Price Target | Raymond James Financial Inc. | Outperform | $18.50 to $18.00 |
| 2015-10-07 | Downgrade | Wells Fargo | Outperform to Market Perform | |
| 2015-10-07 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
| 2015-09-21 | Lower Price Target | Mizuho | Neutral | $18.00 to $16.00 |
| 2015-09-01 | Lower Price Target | Barclays | Overweight | $20.00 to $19.00 |
| 2015-08-10 | Downgrade | RBC Capital | Outperform to Sector Perform | $20.00 to $18.00 |
| 2015-08-10 | Downgrade | Royal Bank Of Canada | Outperform to Sector Perform | $20.00 to $18.00 |
| 2015-06-05 | Lower Price Target | Raymond James | Outperform | $21.00 to $20.50 |
| 2015-05-23 | Reiterated Rating | Robert W. Baird | Outperform | $21.00 to $20.00 |
| 2015-05-12 | Reiterated Rating | Robert W. Baird | Outperform | $21.00 to $20.00 |
| 2015-04-20 | Lower Price Target | Barclays | Overweight | $21.00 to $20.00 |
| 2015-03-06 | Lower Price Target | RBC Capital | Outperform | $23.00 to $20.00 |
| 2015-03-05 | Lower Price Target | Barclays | Overweight | $22.00 to $21.00 |
| 2015-02-11 | Lower Price Target | Mizuho | Neutral | $20.00 to $18.00 |
| 2015-02-11 | Reiterated Rating | Cantor Fitzgerald | Sell | $21.00 |
| 2015-01-05 | Lower Price Target | Barclays | Overweight | $23.00 to $21.00 |
| 2014-12-16 | Upgrade | Citigroup Inc. | Sell to Neutral | |
| 2014-12-12 | Initiated Coverage | DA Davidson | Buy | $22.00 |
| 2014-12-03 | Downgrade | Bank of America | Buy to Neutral | |
| 2014-12-03 | Downgrade | Stifel Nicolaus | Buy to Hold | $22.00 |
| 2014-12-03 | Downgrade | Bank of America Corp. | Buy to Neutral | |
| 2014-09-10 | Upgrade | Wells Fargo & Co. | Market Perform to Outperform | |
| 2014-09-10 | Upgrade | Wells Fargo | Market Perform to Outperform | |
| 2014-09-09 | Downgrade | JMP Securities | Outperform to Market Perform | |
| 2014-09-02 | Initiated Coverage | Capital One Financial Corp. | Equal Weight | |
| 2014-08-18 | Reiterated Rating | Raymond James | Buy to Outperform | $21.00 |
| 2014-08-14 | Boost Price Target | RBC Capital | $21.00 to $24.00 | |
| 2014-07-23 | Initiated Coverage | Mizuho | Neutral | |
| 2014-07-21 | Boost Price Target | Barclays | Overweight | $22.00 to $23.00 |
| 2014-05-23 | Reiterated Rating | Citigroup Inc. | Sell | $15.00 to $17.00 |
| 2014-05-16 | Boost Price Target | RBC Capital | $20.00 to $21.00 | |
| 2014-05-15 | Boost Price Target | Robert W. Baird | Outperform | $20.00 to $21.00 |
| 2014-05-15 | Upgrade | Stifel Nicolaus | Hold to Buy | $21.00 |
| 2014-04-22 | Boost Price Target | Barclays | Overweight | $21.00 to $22.00 |
| 2014-02-19 | Downgrade | BMO Capital Markets | Outperform to Market Perform | $22.00 to $19.00 |
| 2014-02-18 | Boost Price Target | JMP Securities | $19.00 to $20.00 | |
| 2014-01-28 | Initiated Coverage | Barclays | Overweight | $20.00 |
| 2013-12-17 | Downgrade | Citigroup Inc. | Neutral to Sell | |
| 2013-11-08 | Boost Price Target | Raymond James | $19.00 to $21.00 | |
| 2013-10-28 | Initiated Coverage | RBC Capital | Outperform | $21.00 |
| 2012-10-02 | Downgrade | The Benchmark Company | Buy to Hold | $13.50 to $14 |
| 2012-07-13 | Downgrade | Stifel Nicolaus | Buy to Hold | |
| 2011-11-10 | Downgrade | Stifel Nicolaus | Hold to Sell | |
| 2011-09-30 | Reiterated | FBR Capital | Outperform | $20 to $16 |
| 2011-09-23 | Reiterated | JMP Securities | Mkt Outperform | $21 to $19 |
| 2011-08-18 | Reiterated | Robert W. Baird | Neutral | $19 to $16 |
| 2011-08-02 | Upgrade | JMP Securities | Mkt Perform to Mkt Outperform | $21 to $21 |
| 2016-05-13 | Downgrade | DA Davidson | Buy to Neutral | |
| 2016-05-02 | Downgrade | Sandler O'Neill | Buy to Hold | |
| 2016-05-02 | Downgrade | Mizuho | Buy to Neutral | $17.50 |
| 2016-03-11 | Boost Price Target | Barclays | Overweight | $15.00 to $16.00 |
| 2016-03-11 | Boost Price Target | Barclays PLC | Overweight | $15.00 to $16.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In PKY 15 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Fund Advisors | 3.65M |
| Shinko Asset Management Co., Ltd. | 2.85M |
| BlackRock Institutional Trust Company, N.A. | 1.74M |
| RUSSELL FRANK CO/ | 0.88M |
| BlackRock Group LTD | 0.37M |
| BlackRock Investment Management, LLC | 0.23M |
| COHEN & STEERS CAPITAL MANAGEMENT INC | 0.20M |
| DECADE CAPITAL MANAGEMENT LLC | 0.17M |
| LOMBARDIA CAPITAL PARTNERS LLC | 73917 |
| BLACKROCK ADVISORS LLC | 54871 |
| Nair Vinay | 17011 |
| VTL Associates, LLC | 16992 |
| MANAGED ACCOUNT ADVISORS LLC | 11351 |
| BlackRock Japan Co. Ltd | 1907 |
| Pinnacle Summer Investments, Inc. | 78 |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| TPG Group Holdings (SBS) Advisors, Inc. | 23.79% (23663397) | AERI / ALDR / CDNA / CZR / EPRS / FSL / GPK / IMS / LPLA / MGNX / NCLH / NTI / OTIC / PKY / Q / ROKA / SABR / SCAI / SUP / TIPT / TMHC / TNDM / VCYT / ZMH / |
| Heistand James R President and CEO | 1.60% (1593793) | PKY / |
| Pratt Henry F III EVP OF ASSET MANAGEMENT | 0.18% (180915) | PKY / |
| O'Reilly David R. EVP & Chief Investment Officer | 0.12% (115959) | HHC / KRG / PKY / |
| Lipsey M. Jayson EVP & Chief Operating Officer | 0.11% (110867) | PKY / |
| Dorsett Jeremy R EVP & General Counsel | 0.08% (77801) | PKY / |
| Francis Scott E SVP & CHIEF ACCOUNTING OFFICER | 0.07% (71685) | PKY / |
| INGRAM JAMES M Executive Vice President | 0.06% (59768) | PKY / |
| Speed Warren L Executive Vice President | 0.06% (59292) | PKY / |
| Bates Jason A EVP & CHIEF INVESTMENT OFFICER | 0.05% (53478) | PKY / |
| POPE MANDY M EVP & Chief Accounting Officer | 0.05% (45935) | PKY / |
| CANNADA CHARLES T | 0.04% (38074) | CUZ / PKY / |
| Mixson Brenda J | 0.04% (36974) | CUZ / PKY / |
| Dotter Laurie L. | 0.03% (30574) | PKY / |
| Casal Edward Manuel | 0.02% (24502) | CUZ / PKY / |
| FRIEDMAN DANIEL | 0.02% (21924) | PKY / |
| LeMaile-Stovall Troy | 0.01% (8864) | PKY / |
| Thomas James A | 0.01% (7052) | PKY / |
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