In trading on Monday, shares of Parkway Properties Inc. (NYSE:PKY) crossed below their last reported book value — defined as common shareholder equity per share — of $17.50, changing hands as low as $17.40 per share. Parkway Properties Inc. shares are currently trading down about 3% on the day. The chart below shows the one year performance of PKY shares, versus its 50 and 200 day moving averages:
Looking at the chart above, PKY's low point in its 52 week range is $13.30 per share, with $20.89 as the 52 week high point — that compares with a last trade of $17.40.
PKY operates in the REITs sector, among companies like Weyerhaeuser Co. (NYSE:WY) which is off about 1.5% today, and Annaly Capital Management Inc (NYSE:NLY) trading higher by about 0.2%. Below is a three month price history chart comparing the stock performance of PKY, versus WY and NLY.
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