Park Hotels & Resorts (NYSE:PK – Get Free Report) had its target price increased by analysts at LADENBURG THALM/SH SH from $16.00 to $20.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. LADENBURG THALM/SH SH’s price objective would suggest a potential upside of 36.85% from the company’s current price.
A number of other equities analysts also recently issued reports on the company. Barclays raised their price objective on Park Hotels & Resorts from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Weiss Ratings upgraded Park Hotels & Resorts from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $12.00 price objective on shares of Park Hotels & Resorts in a research report on Wednesday, May 13th. Finally, Morgan Stanley lifted their price objective on shares of Park Hotels & Resorts from $10.00 to $10.50 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $12.68.
Get Our Latest Stock Report on Park Hotels & Resorts
Park Hotels & Resorts Trading Up 1.5%
Park Hotels & Resorts (NYSE:PK – Get Free Report) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.33). Park Hotels & Resorts had a negative return on equity of 6.71% and a negative net margin of 8.49%.The business had revenue of $622.00 million for the quarter, compared to analyst estimates of $609.78 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. Analysts predict that Park Hotels & Resorts will post 1.76 earnings per share for the current year.
Hedge Funds Weigh In On Park Hotels & Resorts
Several large investors have recently added to or reduced their stakes in PK. Principal Securities Inc. lifted its holdings in shares of Park Hotels & Resorts by 9.5% in the fourth quarter. Principal Securities Inc. now owns 10,684 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 927 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Park Hotels & Resorts by 0.5% in the second quarter. California State Teachers Retirement System now owns 192,452 shares of the financial services provider’s stock valued at $1,969,000 after purchasing an additional 968 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Park Hotels & Resorts by 0.8% during the third quarter. Advisors Asset Management Inc. now owns 125,051 shares of the financial services provider’s stock valued at $1,386,000 after purchasing an additional 1,038 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Park Hotels & Resorts by 68.8% during the first 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. Finally, Caitlin John LLC boosted its holdings in Park Hotels & Resorts by 4.6% during the fourth quarter. Caitlin John LLC now owns 24,774 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.
Park Hotels & Resorts Company Profile
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.
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