66,547 Shares in Park Hotels & Resorts Inc. $PK Bought by Diversify Advisory Services LLC

Posted by Geri Gentry on Aug 20th, 2026

Diversify Advisory Services LLC purchased a new stake in Park Hotels & Resorts Inc. (NYSE:PK – Free Report) during the 2nd quarter, Holdings Channel reports. The firm purchased 66,547 shares of the financial services provider’s stock, valued at approximately $1,000,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Park Hotels & Resorts during the 2nd quarter worth about $444,311,000. Donald Smith & CO. Inc. grew its holdings in shares of Park Hotels & Resorts by 14.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 14,617,921 shares of the financial services provider’s stock valued at $152,903,000 after acquiring an additional 1,813,338 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Park Hotels & Resorts by 1.6% in the 3rd quarter. Bank of America Corp DE now owns 13,074,474 shares of the financial services provider’s stock valued at $144,865,000 after acquiring an additional 203,922 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Park Hotels & Resorts by 76.7% in the second quarter. AQR Capital Management LLC now owns 7,744,912 shares of the financial services provider’s stock valued at $79,230,000 after acquiring an additional 3,361,382 shares during the last quarter. Finally, Sculptor Capital LP increased its position in shares of Park Hotels & Resorts by 154.1% in the second quarter. Sculptor Capital LP now owns 6,534,153 shares of the financial services provider’s stock valued at $66,844,000 after acquiring an additional 3,962,304 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PK. Morgan Stanley increased their price target on Park Hotels & Resorts from $10.50 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Cantor Fitzgerald boosted their price target on Park Hotels & Resorts from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Truist Financial upped their price objective on Park Hotels & Resorts from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Tuesday, May 26th. LADENBURG THALM/SH SH increased their price objective on Park Hotels & Resorts from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Finally, Barclays raised their target price on shares of Park Hotels & Resorts from $9.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.92.

Check Out Our Latest Research Report on Park Hotels & Resorts

Park Hotels & Resorts Trading Up 2.8%

Park Hotels & Resorts stock opened at $15.80 on Thursday. Park Hotels & Resorts Inc. has a 52 week low of $9.84 and a 52 week high of $15.97. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $3.18 billion, a P/E ratio of -19.04, a PEG ratio of 2.03 and a beta of 1.34. The stock has a 50-day simple moving average of $14.68 and a 200 day simple moving average of $12.51.

Park Hotels & Resorts (NYSE:PK – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $680.00 million for the quarter, compared to analyst estimates of $659.68 million. Park Hotels & Resorts had a negative return on equity of 5.23% and a negative net margin of 6.41%.The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. Analysts expect that Park Hotels & Resorts Inc. will post 1.79 earnings per share for the current year.

Park Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.3%. Park Hotels & Resorts’s payout ratio is presently -120.48%.

Park Hotels & Resorts Profile

(Free Report)

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company’s primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.