Press coverage about Parkway (NYSE:PKY) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Parkway earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.5331261149755 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Parkway (PKY) traded down $4.01 during mid-day trading on Friday, reaching $19.04. The company had a trading volume of 2,899,200 shares, compared to its average volume of 455,342. Parkway has a 52 week low of $16.39 and a 52 week high of $23.17.
Separately, Mizuho reiterated a “hold” rating and set a $23.00 price objective on shares of Parkway in a research report on Sunday, October 15th.
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Parkway, Inc is a self-managed real estate investment trust (REIT). The Company owns and operates office properties located in submarkets in Houston, Texas. As of December 31, 2016, the Company’s portfolio consisted of five Class A assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston.
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