Shares of Park Hotels & Resorts Inc (NYSE:PK) have received an average rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $33.00.

Several research firms recently commented on PK. TheStreet upgraded Park Hotels & Resorts from a “c” rating to a “b-” rating in a research note on Friday, February 22nd. Nomura upped their target price on Park Hotels & Resorts from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 28th. Zacks Investment Research upgraded Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. Barclays reiterated a “buy” rating and issued a $35.00 target price on shares of Park Hotels & Resorts in a research note on Sunday, March 3rd. Finally, Deutsche Bank set a $34.00 target price on Park Hotels & Resorts and gave the company a “hold” rating in a research note on Friday, March 1st.

Large investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group lifted its holdings in Park Hotels & Resorts by 110.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 807 shares of the financial services provider’s stock worth $26,000 after buying an additional 423 shares during the last quarter. Next Capital Management LLC bought a new position in Park Hotels & Resorts during the 4th quarter worth approximately $36,000. Enlightenment Research LLC bought a new position in Park Hotels & Resorts during the 4th quarter worth approximately $81,000. Robecosam AG lifted its holdings in Park Hotels & Resorts by 28.6% during the 4th quarter. Robecosam AG now owns 4,500 shares of the financial services provider’s stock worth $116,000 after buying an additional 1,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Park Hotels & Resorts by 62.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,613 shares of the financial services provider’s stock worth $146,000 after buying an additional 2,163 shares during the last quarter.

PK traded down $0.53 during trading on Friday, reaching $31.10. 1,484,907 shares of the stock were exchanged, compared to its average volume of 1,557,584. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 2.14 and a beta of 1.29. Park Hotels & Resorts has a 1 year low of $25.30 and a 1 year high of $34.27.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings results on Wednesday, February 27th. The financial services provider reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06. Park Hotels & Resorts had a return on equity of 8.29% and a net margin of 17.25%. The company had revenue of $686.00 million during the quarter, compared to analysts’ expectations of $659.09 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts predict that Park Hotels & Resorts will post 2.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date of this dividend is Thursday, March 28th. Park Hotels & Resorts’s dividend payout ratio is currently 94.59%.

Park Hotels & Resorts Company Profile

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 54 premium-branded hotels and resorts with over 32,000 rooms, a majority of which are located in prime United States markets with high barriers to entry.

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

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