Parkway Properties Inc. (NYSE:PKY) [Trend Analysis] climbed reacts as active mover, shares an increase 37.27% to traded at $22.69 and the percentage gap between open changing to regular change was 37.63%.
Cousins Properties Incorporated (NYSE: CUZ) reported that it has completed the spin-off of Parkway, Inc., a new, independent REIT that will be publicly traded on the NYSE under the symbol “PKY.” The spin-off occurred by means of a special dividend to Cousins stockholders of all of the outstanding shares of New Parkway stock. Under the terms of the spin-off, Cousins stockholders attained one share of New Parkway ordinary stock for every eight shares of Cousins ordinary stock held as of the record date of October 6, 2016. Cousins ordinary stockholders will receive cash in lieu of any fractional shares they would otherwise have been entitled to receive in the distribution.
The firm past twelve months price to sales ratio was 4.15 and price to cash ratio remained 25.78. As far as the returns are concern, the return on equity was recorded as 7.50% and return on investment was 1.30% while its return on asset stayed at 2.90%. The firm has total debt to equity ratio measured as 1.14.
Gramercy Property Trust Inc. (NYSE:GPT) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.47% to close at $8.96 with the total traded volume of 194170 shares. The GPT held a rough session during the week but was ready to get some critical analysis. The stock was assessed by a pool of analysts at WSJ and came out with some serious outcomes not to be avoided before making investment. The GPT ratings chart showed that 2 gave HOLD ratings for the current month as no one analyst opting for Overweight option for same period, whereas, no one analyst out of pool gave UNDERWEIGHT rating. For stocks’ current month, 8 analysts opted for BUY ratings as compared to 0 opting for SELL in the same period. The stock price target chart showed average price target of 10.65 as compared to current price of 8.83.
Taking look on per share earnings estimates, its next year first quarter current estimate trend for EPS was for $0.02 and on annual basis FY 2016 estimate trends at current was for $0.09 as compared to one month ago of $0.10, and for next year per share earnings estimates have $0.10.
The firm has institutional ownership of 83.90%, while insider ownership included 0.60%. Its price to sales ratio ended at 9.43. GPT attains analyst recommendation of 1.50 with week performance of -8.40%.