Park Hotels & Resorts (NYSE:PK) Issues Quarterly Earnings Results

Park Hotels & Resorts (NYSE:PK) posted its earnings results on Thursday. The financial services provider reported ($1.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($1.50), FiscalAI reports. The business had revenue of $629.00 million during the quarter, compared to analyst estimates of $621.79 million. Park Hotels & Resorts had a negative net margin of 0.47% and a negative return on equity of 1.25%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. Park Hotels & Resorts updated its FY 2026 guidance to 1.730-1.89 EPS.

Park Hotels & Resorts Price Performance

Shares of NYSE:PK opened at $11.40 on Friday. The firm has a market cap of $2.28 billion, a PE ratio of -162.86 and a beta of 1.45. Park Hotels & Resorts has a 52 week low of $8.27 and a 52 week high of $13.20. The firm’s fifty day moving average is $11.11 and its 200-day moving average is $11.05. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.04 and a current ratio of 1.04.

Park Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.8%. Park Hotels & Resorts’s dividend payout ratio (DPR) is -1,428.57%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Park Hotels & Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Barclays began coverage on shares of Park Hotels & Resorts in a research note on Tuesday, January 6th. They issued an “overweight” rating and a $13.00 price target for the company. JPMorgan Chase & Co. upped their target price on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, February 3rd. Wells Fargo & Company cut their target price on shares of Park Hotels & Resorts from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, December 1st. Finally, Zacks Research cut Park Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Park Hotels & Resorts currently has a consensus rating of “Reduce” and an average target price of $11.27.

Insider Activity at Park Hotels & Resorts

In other Park Hotels & Resorts news, Director Christie B. Kelly purchased 2,949 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were purchased at an average cost of $11.19 per share, for a total transaction of $32,999.31. Following the acquisition, the director owned 150,501 shares of the company’s stock, valued at approximately $1,684,106.19. This represents a 2.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Park Hotels & Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in shares of Park Hotels & Resorts by 1.6% during the 3rd quarter. Bank of America Corp DE now owns 13,074,474 shares of the financial services provider’s stock worth $144,865,000 after acquiring an additional 203,922 shares during the period. AQR Capital Management LLC raised its holdings in Park Hotels & Resorts by 76.7% during the 2nd quarter. AQR Capital Management LLC now owns 7,744,912 shares of the financial services provider’s stock valued at $79,230,000 after acquiring an additional 3,361,382 shares during the period. Sculptor Capital LP boosted its holdings in shares of Park Hotels & Resorts by 154.1% in the second quarter. Sculptor Capital LP now owns 6,534,153 shares of the financial services provider’s stock worth $66,844,000 after acquiring an additional 3,962,304 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Park Hotels & Resorts by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,257,003 shares of the financial services provider’s stock worth $44,528,000 after purchasing an additional 273,410 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Park Hotels & Resorts by 47.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,933,080 shares of the financial services provider’s stock valued at $30,032,000 after buying an additional 948,128 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

Park Hotels & Resorts Company Profile

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.