Renaissance Technologies LLC Sells 397,700 Shares of Park Hotels & Resorts Inc. $PK

Renaissance Technologies LLC cut its holdings in Park Hotels & Resorts Inc. (NYSE:PK) by 51.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 369,152 shares of the financial services provider’s stock after selling 397,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Park Hotels & Resorts were worth $3,887,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Danske Bank A S bought a new stake in Park Hotels & Resorts during the 3rd quarter worth about $25,000. Fifth Third Bancorp raised its stake in shares of 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 worth $27,000 after acquiring an additional 1,061 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Park Hotels & Resorts during the third quarter worth approximately $34,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Park Hotels & Resorts by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,844 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 1,464 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its position in shares of Park Hotels & Resorts by 263.2% during the first 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 in the last quarter. 92.69% of the stock is owned by institutional investors.

Park Hotels & Resorts Stock Up 2.8%

Shares of NYSE:PK opened at $14.75 on Friday. Park Hotels & Resorts Inc. has a one year low of $9.84 and a one year high of $15.48. The company has a 50 day moving average of $14.48 and a 200-day moving average of $12.29. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of -17.77, a P/E/G ratio of 1.90 and a beta of 1.34.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Park Hotels & Resorts had a negative net margin of 6.41% and a negative return on equity of 5.18%. The business had revenue of $680.00 million for the quarter, compared to analyst estimates of $659.68 million. During the same period in the prior year, the business posted $0.64 earnings per share. Park Hotels & Resorts’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Park Hotels & Resorts Inc. will post 1.79 earnings per share for the current year.

Park Hotels & Resorts Dividend Announcement

The firm 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 dividend of $0.25 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 6.8%. Park Hotels & Resorts’s payout ratio is presently -91.74%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Park Hotels & Resorts to a “hold” rating in a report on Thursday, July 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $12.00 price objective on shares of Park Hotels & Resorts in a report on Wednesday, May 13th. Truist Financial increased their price objective 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. Weiss Ratings raised Park Hotels & Resorts from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, Barclays boosted their target price 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. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $13.18.

Key Park Hotels & Resorts News

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.

About Park Hotels & Resorts

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.