Last Friday, Orlando, Florida-based Parkway Properties Inc.'s stock declined 0.67%, to close the day at $17.68 with a total trading volume of 506,161 shares. The Company's shares have advanced 0.28% in the last month, 2.90% in the previous three months, and 17.08% on an YTD basis. The stock is trading 10.72% above its 200-day moving average. Additionally, shares of Parkway Properties, which engages in the operation, acquisition, ownership, management, and leasing of office properties, have a Relative Strength Index (RSI) of 45.43.
On October 07th, 2016, Cousins Properties Inc. announced that it has completed the spin-off of Parkway. The spin-off occurred by means of a special dividend to Cousins' stockholders of all of the outstanding shares of New Parkway's stock. Under the terms of the spin-off, Cousins' stockholders received one share of New Parkway's common stock for every eight shares of Cousins' common stock held as of the record date of October 6th, 2016.
On October 18th, 2016, research firm Stifel initiated a 'Sell' rating on the Company's stock, issuing a target price of $17 per share. Visit us today and access our complete research report on PKY at:
Shares in Los Angeles, California-based Kilroy Realty Corp. saw a slight drop of 0.37%, finishing Friday's session at $70.23. The stock recorded a trading volume of 734,786 shares, which was above its three months average volume of 601,360 shares. The company's shares have gained 2.42% in the last month and 12.93% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.90% and 10.65%, respectively. Furthermore, shares of Kilroy Realty, which invests in real estate markets of the US, have an RSI of 51.25.
On October 14th, 2016, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On October 26th, 2016, Kilroy Realty reported net income available to common stockholders of $50.6 million, or $0.54 per share, for Q3 2016, compared to $101.4 million, or $1.09 per share, in Q3 2015. The company's FFO in Q3 2016 was $88.5 million, or $0.92 per share, including proceeds from the property damage settlement, compared to $73.6 million, or $0.77 per share, in the year-earlier quarter. Revenues totaled $168.3 million in Q3 2016 compared to $141.6 million in Q3 2015. The complimentary report on KRC can be downloaded at:
Cranford, New Jersey-based Mack-Cali Realty Corp.'s stock finished 0.86% lower at $25.26 last Friday at the close. A total volume of 813,555 shares was traded, which was above their three months average volume of 582,090 shares. The Company's shares have advanced 10.80% on an YTD basis. The stock is trading above its 200-day moving average by 2.02%. Additionally, 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 34.47.
On October 25th, 2016, Mack-Cali Realty reported net income (loss) available to common shareholders for Q3 2016 of $(8.5) million, or $(0.10) per share, as compared to $(126.9) million, or $(1.42) per share, for Q3 2015. The company's Funds from operations for Q3 2016 amounted to $59.9 million, or $0.60 per share, as compared to $51.5 million, or $0.51 per share, for Q3 2015. Register for free on Stock-Callers.com and access the latest research report on CLI at:
Shares in Raleigh, North Carolina-based Highwoods Properties Inc. ended last Friday's session 0.08% lower at $48.83. The stock recorded a trading volume of 649,247 shares, which was above its three months average volume of 566,220 shares. The Company's shares have advanced 15.07% on an YTD basis. The stock is trading 1.07% above its 200-day moving average. Moreover, shares of Highwoods Properties, which engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties, have an RSI of 34.49.
On October 25th, 2016, Highwoods Properties reported that for Q3 2016, net income was $32.0 million, or $0.32 per diluted share, compared to net income of $29.7 million, or $0.31 per diluted share, for Q3 2015. For Q3 2016, the company's FFO was $84.1 million, or $0.82 per diluted share.
On October 27th, 2016, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $53.50 to $55. Get free access to your research report on HIW at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA