Bank of America Corp DE Has $111.82 Million Stake in Park Hotels & Resorts Inc. $PK

Posted by Geri Gentry on Aug 8th, 2026

Bank of America Corp DE reduced its stake in shares of Park Hotels & Resorts Inc. (NYSE:PK – Free Report) by 15.3% in the first quarter, HoldingsChannel.com reports. The firm owned 10,619,530 shares of the financial services provider’s stock after selling 1,925,135 shares during the period. Bank of America Corp DE owned about 0.05% of Park Hotels & Resorts worth $111,824,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Amundi raised its stake in Park Hotels & Resorts by 20.2% in the 1st quarter. Amundi now owns 138,431 shares of the financial services provider’s stock valued at $1,458,000 after acquiring an additional 23,245 shares during the period. Parvin Asset Management LLC raised its stake in Park Hotels & Resorts by 112.6% in the first quarter. Parvin Asset Management LLC now owns 19,400 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 10,275 shares in the last quarter. California State Teachers Retirement System raised its stake in Park Hotels & Resorts by 26.2% in the first quarter. California State Teachers Retirement System now owns 242,707 shares of the financial services provider’s stock valued at $2,556,000 after purchasing an additional 50,421 shares in the last quarter. Infrastructure Capital Advisors LLC lifted its position in Park Hotels & Resorts by 15.5% during the first quarter. Infrastructure Capital Advisors LLC now owns 23,107 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 3,108 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in Park Hotels & Resorts by 58.8% in the 1st quarter. Quantinno Capital Management LP now owns 2,075,796 shares of the financial services provider’s stock worth $21,858,000 after buying an additional 768,369 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Stock Performance

Shares of Park Hotels & Resorts stock opened at $14.75 on Friday. Park Hotels & Resorts Inc. has a 1 year low of $9.84 and a 1 year high of $15.48. The firm’s 50-day moving average is $14.48 and its 200 day moving average is $12.29. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of -17.77, a PEG ratio of 1.90 and a beta of 1.34. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.25 and a quick ratio of 1.25.

Park Hotels & Resorts (NYSE:PK – Get Free Report) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Park Hotels & Resorts had a negative return on equity of 5.18% and a negative net margin of 6.41%.The business had revenue of $680.00 million during the quarter, compared to analyst estimates of $659.68 million. During the same quarter last year, the company earned $0.64 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Park Hotels & Resorts Inc. will post 1.79 EPS for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Park Hotels & Resorts’s payout ratio is -91.74%.

Wall Street Analysts Forecast Growth

PK has been the subject of several research reports. Wells Fargo & Company raised Park Hotels & Resorts to a “hold” rating in a research note on Thursday, July 23rd. Weiss Ratings raised shares of Park Hotels & Resorts from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Barclays boosted their price objective on shares of Park Hotels & Resorts from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Truist Financial upped their price target on Park Hotels & Resorts from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Tuesday, May 26th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $12.00 price objective on shares of Park Hotels & Resorts in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $13.18.

Check Out Our Latest Stock Analysis on Park Hotels & Resorts

Key Stories Impacting Park Hotels & Resorts

Here are the key news stories impacting Park Hotels & Resorts this week:

Positive Sentiment: Park Hotels reported second-quarter FFO of $0.70 per share, above the $0.62 consensus estimate and up from $0.64 a year earlier. Revenue of $680 million also exceeded expectations of approximately $659.7 million and increased 1.2% year over year. Park Hotels Q2 FFO and Revenues Beat Estimates
Positive Sentiment: Management raised its 2026 outlook, including adjusted EBITDA of $617 million to $637 million and projected revenue per available room (RevPAR) growth of 3% to 4.5%. The company also set full-year EPS guidance at $1.90-$2.00, above the $1.76 analyst consensus. Park Hotels 2026 EBITDA and RevPAR Outlook
Positive Sentiment: Park Hotels declared a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and approximately a 7% yield based on the reported share price. The dividend may support investor interest in the hotel REIT, although the ex-dividend date is September 30.
Neutral Sentiment: Recent commentary describes PK as potentially undervalued following its earnings beat and return to profitability, which could attract value-focused investors, but this remains an interpretation rather than a new company announcement. Is Park Hotels & Resorts Undervalued?
Negative Sentiment: Despite the quarterly beat, Park Hotels still reported a negative net margin of 6.41% and negative return on equity of 5.18%, highlighting continued profitability and leverage risks.

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.