Morgan Keegan Adjusts PKY Estimates

Morgan Keegan is adjusting its estimates on shares of Parkway Properties Inc. PKY. “While management did not update guidance officially, the company provided details on the impact of the transaction, and expected dispositions,” Morgan Keegan writes. “We are reducing our 2011 FFO/share estimate by $0.05 to $2.33/share, and raising our 2012 FFO/share estimate by $0.05 to $2.19/share. We maintain our Underperform rating on PKY.” Parkway Properties closed Tuesday at $17.19.