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News Watch
- 2/9/2010 1:58:10 PM
By Chip Brian, SmarTrend Analytics Team
2/9/2010-Shares of Parkway Properties (NYSE:PKY) are trading 12.8% lower to $17.39 Tuesday and earlier sank as much as 13%, the most intraday since April 20, 2009, after the real estate investment trust reduced its annual dividend to $0.30 per share from $1.30 and said it fired J. Mitchell Collins as CFO.
In addition, the company has endured a downgrade by Stifel Nicolaus from Hold to Sell today, just one week after being downgraded to Hold from Buy on February 2.
Contact Chip Brian
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