A Fat Payout May Get Even Richer

The CEO of Parkway Properties (PKY), James Heistand, scooped up 50,000 shares of the company's stock last week, according to an SEC filing. Insider purchases are often taken as bullish signals, and studies do say that such stocks tend to narrowly outperform the market. After all, unless these executives are particularly confident in the company, they wouldn't otherwise wish to further increase their risk to the stock.

In any case, as far as Parkway is concerned: Shares are up 18% year to date, but the stock price peaked in mid-May and has since fallen 13%. Heistand likely believed that this created a buying opportunity for the shares, although we'd note the price has risen a bit from where he bought....417 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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