Pensionfund PDN Takes $544,000 Position in Park Hotels & Resorts Inc. $PK

Pensionfund PDN acquired a new position in shares of Park Hotels & Resorts Inc. (NYSE:PK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 52,038 shares of the financial services provider’s stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. California State Teachers Retirement System lifted its position in Park Hotels & Resorts by 0.5% during the second quarter. California State Teachers Retirement System now owns 192,452 shares of the financial services provider’s stock worth $1,969,000 after acquiring an additional 968 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Park Hotels & Resorts by 0.8% during the third quarter. Advisors Asset Management Inc. now owns 125,051 shares of the financial services provider’s stock worth $1,386,000 after acquiring an additional 1,038 shares during the period. Kera Capital Partners Inc. grew its position in shares of Park Hotels & Resorts by 13.3% in the third quarter. Kera Capital Partners Inc. now owns 14,583 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 1,714 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Park Hotels & Resorts by 16.7% during the third quarter. Jones Financial Companies Lllp now owns 12,239 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 1,748 shares during the period. Finally, Pitcairn Co. increased its stake in shares of Park Hotels & Resorts by 13.7% during the second quarter. Pitcairn Co. now owns 15,029 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,814 shares during the period. 92.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Park Hotels & Resorts from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, February 3rd. Truist Financial lowered their price objective on Park Hotels & Resorts from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, February 3rd. Morgan Stanley set a $10.00 target price on Park Hotels & Resorts in a report on Friday, January 16th. Wells Fargo & Company reduced 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 report on Monday, December 1st. Finally, Zacks Research upgraded shares of Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $11.27.

Park Hotels & Resorts Stock Performance

Shares of NYSE:PK opened at $10.46 on Tuesday. Park Hotels & Resorts Inc. has a 1 year low of $8.27 and a 1 year high of $12.39. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -7.31 and a beta of 1.40. 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’s 50 day simple moving average is $11.12 and its 200 day simple moving average is $11.00.

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

Park Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Tuesday, March 31st. Park Hotels & Resorts’s dividend payout ratio is currently -69.93%.

Insiders Place Their Bets

In other Park Hotels & Resorts news, Director Christie B. Kelly acquired 2,949 shares of Park Hotels & Resorts stock in a transaction that occurred on Wednesday, January 14th. The shares were acquired at an average cost of $11.19 per share, with a total value of $32,999.31. Following the completion of the purchase, the director directly owned 150,501 shares of the company’s stock, valued at $1,684,106.19. This represents a 2.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by company insiders.

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.