Shares of Park Hotels & Resorts Inc. (NYSE:PK – Get Free Report) have been assigned an average recommendation of “Hold” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.09.
A number of analysts have recently weighed in on PK shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $18.00 target price on shares of Park Hotels & Resorts in a research report on Friday, August 14th. Morgan Stanley raised their price target on Park Hotels & Resorts from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, October 12th. UBS Group raised Park Hotels & Resorts from a “neutral” rating to a “hold” rating in a research note on Monday, September 28th. Truist Financial upped their price objective on shares of Park Hotels & Resorts from $13.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, September 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Park Hotels & Resorts from $14.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday.
Check Out Our Latest Stock Report on PK
Institutional Trading of Park Hotels & Resorts
Hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of Park Hotels & Resorts during the second quarter valued at $25,000. Fifth Third Bancorp increased its holdings in Park Hotels & Resorts by 68.8% in the first quarter. Fifth Third Bancorp now owns 2,604 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,061 shares during the period. North Star Investment Management Corp. raised its position in Park Hotels & Resorts by 263.2% during 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 bought a new position in Park Hotels & Resorts during the 2nd quarter worth $67,000. Finally, IFP Advisors Inc lifted its stake in shares of Park Hotels & Resorts by 182.5% in the second quarter. IFP Advisors Inc now owns 5,065 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 3,272 shares during the period. 92.69% of the stock is currently owned by institutional investors.
Park Hotels & Resorts Stock Down 1.9%
Park Hotels & Resorts stock opened at $16.66 on Tuesday. The company’s 50-day moving average price is $15.49 and its two-hundred day moving average price is $13.98. 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 stock has a market cap of $3.36 billion, a P/E ratio of 8.45 and a beta of 1.36. Park Hotels & Resorts has a twelve month low of $9.84 and a twelve month high of $17.14.
Park Hotels & Resorts (NYSE:PK – Get Free Report) last posted its earnings results on Thursday, August 6th. The financial services provider reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Park Hotels & Resorts had a negative return on equity of 5.23% and a negative net margin of 6.41%. The company had revenue of $680.00 million for the quarter, compared to the consensus estimate of $659.68 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, analysts expect that Park Hotels & Resorts will post 1.87 EPS for the current year.
Park Hotels & Resorts Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.00 annualized dividend and a yield of 6.0%. Park Hotels & Resorts’s dividend payout ratio is presently -120.48%.
Park Hotels & Resorts Company Profile
Park Hotels & Resorts Inc (NYSE: PK) is a real estate investment trust focused on owning and operating hotels and resorts. The company’s portfolio includes full-service properties in major business and leisure destinations, with hotels operating under Hilton brands as well as other nationally recognized and independent brands.
Park’s properties provide lodging, food and beverage, meeting and event facilities, and other hospitality services. Its hotels are located primarily in the United States, including gateway cities, convention markets, and resort destinations.
Park Hotels & Resorts was formed in 2017 through a spin-off from Hilton Worldwide Holdings.
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