REIT Stocks Technical Report -- Parkway Properties, Mack-Cali Realty, Kilroy Realty, and Piedmont Office Realty Trust

Aug 18, 2016, 08:00 ET from Chelmsford Park SA

NEW YORK, August 18, 2016 /PRNewswire/ --

Investors continue to favor the U.S. Real Estate Investment Trust (REIT) industry thanks to strong market fundamentals, positive second-quarter earnings reports, and post-Brexit assurances of ongoing low interest rates. now assesses the recent performances of these four Office REITs: Parkway Properties Inc. (NYSE: PKY), Mack-Cali Realty Corp. (NYSE: CLI), Kilroy Realty Corp. (NYSE: KRC), and Piedmont Office Realty Trust Inc. (NYSE: PDM). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

Parkway Properties  

Orlando, Florida-based Parkway Properties Inc.'s stock finished Wednesday's session at $17.31, gaining 0.41%. A total volume of 556,141 shares was traded. Over the previous three months and since the start of this year, the Company's shares have gained 2.49% and 13.39%, respectively. The stock is trading above its 50-day and 200-day moving averages by 1.29% and 11.40%, respectively. Moreover, shares of Parkway Properties, which engages in the operation, acquisition, ownership, management, and leasing of office properties, have a Relative Strength Index (RSI) of 52.57.

n August 8th, 2016, for Q2 2016, net loss for Parkway Properties attributable to common stockholders was $2.2 million, or $0.02 per basic and diluted share, compared to net income of $14.13 million or $0.13 per basic and diluted share in prior year period. For the second quarter 2016, funds from operations ("FFO") were $33.6 million, or $0.29 per diluted share, for Parkway Properties L.P.'s real estate portfolio, in which Parkway owns an interest.

Yesterday, research firm Robert W. Baird downgraded the Company's stock rating from 'Outperform' to 'Neutral'. The research firm also revised downwards its previous target price from $19 to $18. Visit us today and access our complete research report on PKY at:

Mack-Cali Realty  

Shares in Cranford, New Jersey-based Mack-Cali Realty Corp. ended yesterday's session 1.12% higher at $27.08 with a total volume of 464,154 shares traded. The stock has gained 8.88% in the previous three months and 18.13% on an YTD basis. The Company's shares are trading 14.31% above their 200-day moving average. Moreover, shares of Mack-Cali Realty, which engages in the leasing, management, acquisition, development, and construction of commercial real estate properties in the US, have an RSI of 44.59.

On August 1st, 2016, Mack-Cali announced a series of transactions in the redeployment of disposition proceeds as part of its announced strategic plan. The company has sold approximately $400 million of assets year to date. Currently, Mack-Cali has contracts out for an additional $250 million of dispositions, $200 million of which it expects to close in Q3 or early Q4, with the remainder in early 2017. In addition, the company is currently marketing for sale $200 million in assets for total potential sale proceeds of $850 million. The complimentary report on CLI can be downloaded at:

Kilroy Realty  

On Wednesday, Los Angeles, California-based Kilroy Realty Corp.'s stock saw a decline of 1.11%, to close the day at $71.00. A total volume of 567,985 shares was traded, which was above their three months average volume of 567,680 shares. The Company's shares have advanced 2.06% in the last one month, 16.77% in the previous three months, and 13.55% on an YTD basis. The stock is trading 4.61% above its 50-day moving average and 14.43% above its 200-day moving average. Additionally, shares of Kilroy Realty, which invests in real estate markets of the US, have an RSI of 52.20.

On July 26th, 2016, Kilroy Realty reported net income available to common stockholders of $29.5 million, or $0.31 per share, for Q2 ended June 30th, 2016, compared to $54.2 million, or $0.61 per share, in the prior year period. FFO for the period was $82.7 million, or $0.86 per share, compared to $74.8 million, or $0.82 per share, in Q2 2015.

On July 27th, 2016, research firm DA Davidson reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $70 a share to $78 a share. Register for free on and access the latest research report on KRC at:

Piedmont Office Realty Trust  

Shares in Norcross, Georgia headquartered Piedmont Office Realty Trust Inc. ended the day 0.99% higher at $21.32. A total volume of 492,414 shares was traded. The stock has gained 8.77% in the previous three months and 15.47% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 0.30% and 9.33%, respectively. Furthermore, shares of Piedmont Office Realty Trust, which engages in the acquisition and ownership of commercial real estate properties in the US, have an RSI of 48.39.

On August 08th, 2016, research firm DA Davidson reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $22 a share to $23 a share. Get free access to your research report on PDM at:


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SOURCE Chelmsford Park SA