Park Hotels & Resorts Inc. (NYSE:PK) Stock Has Average Target Price of $15.00 According to Analysts

Shares of Park Hotels & Resorts Inc. (NYSE:PK – Get Free Report) have received an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.00.

A number of equities analysts have commented on the stock. BMO Capital Markets upgraded shares of Park Hotels & Resorts from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $14.00 to $18.00 in a report on Tuesday, September 1st. LADENBURG THALM/SH SH raised their target price on Park Hotels & Resorts from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Weiss Ratings raised Park Hotels & Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company upgraded Park Hotels & Resorts to a “hold” rating in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $18.00 price objective on shares of Park Hotels & Resorts in a research note on Friday, August 14th.

Check Out Our Latest Stock Report on PK

Park Hotels & Resorts Trading Up 1.1%

PK opened at $15.24 on Friday. The firm’s 50 day moving average is $15.18 and its 200-day moving average is $13.25. Park Hotels & Resorts has a 52-week low of $9.84 and a 52-week high of $16.20. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $3.07 billion, a P/E ratio of -18.36, a P/E/G ratio of 1.97 and a beta of 1.33.

Park Hotels & Resorts (NYSE:PK – Get Free Report) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $680.00 million during the quarter, compared to the consensus estimate of $659.68 million. Park Hotels & Resorts had a negative net margin of 6.41% and a negative return on equity of 5.23%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. Analysts expect that Park Hotels & Resorts will post 1.83 EPS for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Wednesday, September 30th. Park Hotels & Resorts’s dividend payout ratio is -120.48%.

Institutional Trading of Park Hotels & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new position in Park Hotels & Resorts during the 2nd quarter valued at $25,000. Fifth Third Bancorp increased its position in shares of Park Hotels & Resorts by 68.8% in the 1st quarter. Fifth Third Bancorp now owns 2,604 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,061 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of Park Hotels & Resorts by 263.2% in the 1st quarter. North Star Investment Management Corp. now owns 6,210 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 4,500 shares during the last quarter. Nykredit A S acquired a new stake in shares of Park Hotels & Resorts in the 2nd quarter valued at about $67,000. Finally, IFP Advisors Inc raised its stake in shares of Park Hotels & Resorts by 182.5% in the 2nd quarter. IFP Advisors Inc now owns 5,065 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 3,272 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

About Park Hotels & Resorts

(Get Free Report)

Park Hotels & Resorts Inc (NYSE:PK) is a lodging real estate investment trust that owns and invests in a portfolio of hotels and resorts across the United States. The company’s properties are generally located in prominent business, convention and leisure destinations and operate under well-known hospitality brands, including Hilton, Marriott and Hyatt.

Park Hotels & Resorts generates revenue primarily through the operation of its hotel properties, which provide lodging, food and beverage, meeting and event space, and other guest services.

Further Reading

Analyst Recommendations for Park Hotels & Resorts (NYSE:PK)

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