Media headlines about Park Hotels & Resorts (NYSE:PK) have been trending somewhat positive on Friday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Park Hotels & Resorts earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.7686179065382 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several analysts recently weighed in on the company. Zacks Investment Research lowered Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Boenning Scattergood reiterated a “buy” rating on shares of Park Hotels & Resorts in a research report on Monday, November 6th. Nomura increased their target price on Park Hotels & Resorts from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Evercore ISI upgraded Park Hotels & Resorts from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Finally, SunTrust Banks upgraded Park Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.08.
Park Hotels & Resorts (NYSE:PK) traded down $0.14 during trading on Friday, reaching $28.95. The company’s stock had a trading volume of 1,246,605 shares, compared to its average volume of 1,453,722. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $6,180.00 and a P/E ratio of 2.41. Park Hotels & Resorts has a 1 year low of $24.65 and a 1 year high of $29.90.
Park Hotels & Resorts (NYSE:PK) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. Park Hotels & Resorts had a return on equity of 6.75% and a net margin of 15.26%. The firm had revenue of $688.00 million during the quarter, compared to the consensus estimate of $676.76 million. During the same period last year, the company earned $0.66 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. equities research analysts forecast that Park Hotels & Resorts will post 2.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 7.60%. This is an increase from Park Hotels & Resorts’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, December 28th. Park Hotels & Resorts’s dividend payout ratio (DPR) is 18.32%.
About Park Hotels & Resorts
Park Hotels & Resorts Inc is a lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment, which includes all of its hotel properties. As of December 31, 2016, the Company’s portfolio consisted of 67 hotels and resorts with over 35,000 rooms located in the United States and international markets.
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