Shares of Park Hotels & Resorts Inc. (NYSE:PK) have been given an average recommendation of “Hold” by the seventeen research firms that are currently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $35.54.

Several research analysts have recently weighed in on PK shares. Zacks Investment Research raised shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, May 18th. Boenning Scattergood set a $29.00 price target on shares of Park Hotels & Resorts and gave the company a “buy” rating in a research report on Friday, August 4th. Jefferies Group LLC boosted their price target on shares of Park Hotels & Resorts from $58.00 to $69.00 and gave the company a “hold” rating in a research report on Tuesday, June 20th. Cowen and Company boosted their price target on shares of Park Hotels & Resorts from $61.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, June 20th. Finally, Evercore ISI started coverage on shares of Park Hotels & Resorts in a research report on Wednesday, May 31st. They set an “outperform” rating and a $28.00 price target on the stock.

Park Hotels & Resorts (NYSE:PK) traded up 0.39% during trading on Friday, reaching $26.02. 903,309 shares of the company’s stock traded hands. Park Hotels & Resorts has a one year low of $24.65 and a one year high of $33.40. The company has a 50-day moving average price of $26.68 and a 200 day moving average price of $26.52. The firm has a market capitalization of $5.59 billion and a PE ratio of 2.23.

Park Hotels & Resorts (NYSE:PK) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.04. The business had revenue of $733 million for the quarter, compared to analysts’ expectations of $716.51 million. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts anticipate that Park Hotels & Resorts will post $12.03 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.43 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.72 dividend on an annualized basis and a yield of 6.61%.

In other Park Hotels & Resorts news, major shareholder Hlt Holdco Iii Prime Llc sold 15,000,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $26.05, for a total value of $390,750,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen I. Sadove bought 9,600 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was bought at an average cost of $25.97 per share, for a total transaction of $249,312.00. Following the transaction, the director now directly owns 20,151 shares of the company’s stock, valued at $523,321.47. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PK. Parallel Advisors LLC boosted its position in Park Hotels & Resorts by 3,050.7% in the second quarter. Parallel Advisors LLC now owns 4,789 shares of the financial services provider’s stock worth $129,000 after buying an additional 4,637 shares during the last quarter. Pacer Advisors Inc. boosted its position in Park Hotels & Resorts by 53.9% in the second quarter. Pacer Advisors Inc. now owns 5,938 shares of the financial services provider’s stock worth $160,000 after buying an additional 2,080 shares during the last quarter. QS Investors LLC boosted its position in Park Hotels & Resorts by 0.3% in the second quarter. QS Investors LLC now owns 7,535 shares of the financial services provider’s stock worth $203,000 after buying an additional 22 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Park Hotels & Resorts by 148.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,962 shares of the financial services provider’s stock worth $242,000 after buying an additional 5,360 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Park Hotels & Resorts during the second quarter worth approximately $248,000. 96.96% of the stock is currently owned by institutional investors.

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About Park Hotels & Resorts

Park Hotels & Resorts Inc is a lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment, which includes all of its hotel properties. As of December 31, 2016, the Company’s portfolio consisted of 67 hotels and resorts with over 35,000 rooms located in the United States and international markets.

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

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