Park Hotels & Resorts Inc. $PK Shares Purchased by Matthew 25 Management Corp

Matthew 25 Management Corp grew its stake in shares of Park Hotels & Resorts Inc. (NYSE:PK) by 368.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 475,000 shares of the financial services provider’s stock after buying an additional 373,500 shares during the period. Park Hotels & Resorts accounts for 1.6% of Matthew 25 Management Corp’s investment portfolio, making the stock its 16th biggest position. Matthew 25 Management Corp owned approximately 0.24% of Park Hotels & Resorts worth $5,263,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in PK. Capital Fund Management S.A. raised its stake in Park Hotels & Resorts by 39.1% in the 2nd quarter. Capital Fund Management S.A. now owns 370,803 shares of the financial services provider’s stock valued at $3,793,000 after purchasing an additional 104,307 shares during the last quarter. SAM Advisors LLC purchased a new position in Park Hotels & Resorts in the 3rd quarter valued at about $2,212,000. Squarepoint Ops LLC boosted its stake in shares of Park Hotels & Resorts by 370.3% during the 2nd quarter. Squarepoint Ops LLC now owns 432,535 shares of the financial services provider’s stock worth $4,425,000 after purchasing an additional 340,568 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Park Hotels & Resorts by 13.9% during the 3rd quarter. Citigroup Inc. now owns 1,636,353 shares of the financial services provider’s stock worth $18,131,000 after purchasing an additional 199,405 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Park Hotels & Resorts by 28.3% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 483,869 shares of the financial services provider’s stock worth $5,361,000 after buying an additional 106,662 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Christie B. Kelly acquired 2,949 shares of the stock in a transaction dated Wednesday, January 14th. The stock was bought at an average cost of $11.19 per share, with a total value of $32,999.31. Following the purchase, the director directly 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 filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PK has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, February 3rd. Wall Street Zen upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Truist Financial cut their price target on Park Hotels & Resorts from $12.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, February 3rd. Barclays assumed coverage on Park Hotels & Resorts in a research note on Tuesday, January 6th. They set an “overweight” rating and a $13.00 price target on the stock. Finally, Cantor Fitzgerald raised their price objective on Park Hotels & Resorts from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $11.27.

Park Hotels & Resorts Trading Down 3.3%

NYSE PK opened at $10.93 on Friday. The company has a market cap of $2.18 billion, a P/E ratio of -7.64 and a beta of 1.40. Park Hotels & Resorts Inc. has a 12 month low of $8.27 and a 12 month high of $12.43. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.34 and a quick ratio of 1.34. The company has a 50-day moving average of $11.20 and a 200-day moving average of $11.10.

Park Hotels & Resorts (NYSE:PK) last released its earnings results on Thursday, February 19th. The financial services provider reported ($1.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($1.50). Park Hotels & Resorts had a negative return on equity of 8.56% and a negative net margin of 11.14%.The company had revenue of $629.00 million during the quarter, compared to analyst estimates of $621.79 million. During the same period in the prior year, the business posted $0.39 earnings per share. Park Hotels & Resorts’s revenue was up .6% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. As a group, equities analysts predict that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current year.

Park Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Tuesday, March 31st. Park Hotels & Resorts’s dividend payout ratio (DPR) is -69.93%.

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.