NEW YORK, October 31, 2016 /PRNewswire/ --
Stock-Callers.com directs its attention to the Office REITs space which has advanced 16% so far this year, and continues to pay higher dividend yields. Equities on investors' radar are Parkway Properties Inc. (NYSE: PKY), Kilroy Realty Corp. (NYSE: KRC), Mack-Cali Realty Corp. (NYSE: CLI), and Highwoods Properties Inc. (NYSE: HIW). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
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:
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SOURCE Chelmsford Park SA