Park Hotels & Resorts Inc. (PK) – What Are Investment Firms Thinking About This Stock?

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have been given an average recommendation of “Hold” by the fourteen research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.82.

A number of research analysts have recently weighed in on the company. Truist Financial lifted their price objective on Park Hotels & Resorts from $13.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, September 10th. Barclays boosted their price objective on Park Hotels & Resorts from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Weiss Ratings raised shares of Park Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Morgan Stanley raised their target price on shares of Park Hotels & Resorts from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, October 12th. Finally, UBS Group raised shares of Park Hotels & Resorts from a “neutral” rating to a “hold” rating in a report on Monday, September 28th.

Park Hotels & Resorts Price Performance

Shares of Park Hotels & Resorts stock opened at $16.19 on Friday. Park Hotels & Resorts has a one year low of $9.84 and a one year high of $17.14. The stock’s fifty day moving average is $15.78 and its 200 day moving average is $13.48. The stock has a market cap of $3.27 billion, a P/E ratio of -19.05 and a beta of 1.41. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.47 and a current ratio of 1.47.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings results on Wednesday, November 4th. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.12). The company had revenue of $602.00 million for the quarter, compared to the consensus estimate of $601.95 million. Park Hotels & Resorts had a negative net margin of 6.51% and a negative return on equity of 5.45%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. Sell-side analysts anticipate that Park Hotels & Resorts will post 1.87 earnings per share for the current year.

Park Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.2%. Park Hotels & Resorts’s dividend payout ratio is -117.65%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Hantz Financial Services Inc. boosted its holdings in shares of Park Hotels & Resorts by 4.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 18,254 shares of the financial services provider’s stock valued at $281,000 after buying an additional 727 shares in the last quarter. Brown Financial Advisors increased its position in shares of Park Hotels & Resorts by 4.4% in the 2nd quarter. Brown Financial Advisors now owns 21,461 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 901 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Park Hotels & Resorts by 23.9% in the second quarter. Parkside Financial Bank & Trust now owns 5,091 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 982 shares during the period. Versant Capital Management Inc raised its position in Park Hotels & Resorts by 10.5% during the 2nd quarter. Versant Capital Management Inc now owns 10,838 shares of the financial services provider’s stock worth $154,000 after buying an additional 1,030 shares during the last quarter. Finally, Fifth Third Bancorp increased 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 period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc. is a lodging real estate investment trust that owns and manages a portfolio of hotels and resorts. Its properties are generally operated by hotel companies under well-known brands, while Park focuses on hotel ownership and asset management. The company’s portfolio includes luxury and full-service properties serving business and leisure travelers. Many of its hotels operate under Hilton-affiliated brands, including Hilton, Waldorf Astoria, Conrad, DoubleTree and Embassy Suites.