17,877 Shares in Park Hotels & Resorts Inc. (NYSE:PK) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new position in shares of Park Hotels & Resorts Inc. (NYSE:PKGet Rating) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,877 shares of the financial services provider’s stock, valued at approximately $201,000.

Other large investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Park Hotels & Resorts during the second quarter worth $45,000. Wipfli Financial Advisors LLC acquired a new position in shares of Park Hotels & Resorts during the third quarter worth $45,000. Lindbrook Capital LLC increased its position in shares of Park Hotels & Resorts by 143.9% during the second quarter. Lindbrook Capital LLC now owns 3,410 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 2,012 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Park Hotels & Resorts by 851.0% during the second quarter. Lazard Asset Management LLC now owns 4,080 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 3,651 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Park Hotels & Resorts by 2,821.3% during the third quarter. UMB Bank n.a. now owns 7,274 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 7,025 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Geoffrey Garrett sold 3,000 shares of the company’s stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $11.86, for a total transaction of $35,580.00. Following the completion of the transaction, the director now owns 33,604 shares in the company, valued at approximately $398,543.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.09% of the company’s stock.

Park Hotels & Resorts Trading Up 4.0 %

Shares of Park Hotels & Resorts stock opened at $12.91 on Monday. The firm has a 50-day simple moving average of $12.15 and a two-hundred day simple moving average of $13.10. The company has a market cap of $2.90 billion, a P/E ratio of 44.52 and a beta of 1.89. Park Hotels & Resorts Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $20.58. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.24 and a current ratio of 3.24.

Park Hotels & Resorts (NYSE:PKGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.23). The firm had revenue of $662.00 million during the quarter, compared to analyst estimates of $651.62 million. Park Hotels & Resorts had a return on equity of 1.41% and a net margin of 2.67%. As a group, equities analysts predict that Park Hotels & Resorts Inc. will post 1.42 earnings per share for the current fiscal year.

Park Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were given a $0.25 dividend. The ex-dividend date was Thursday, December 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.75%. This is an increase from Park Hotels & Resorts’s previous quarterly dividend of $0.01. Park Hotels & Resorts’s dividend payout ratio is 344.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PK shares. Compass Point dropped their price objective on shares of Park Hotels & Resorts to $25.00 in a report on Tuesday, November 15th. Morgan Stanley dropped their price objective on shares of Park Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Park Hotels & Resorts from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Barclays dropped their price objective on shares of Park Hotels & Resorts from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 10th. Finally, Truist Financial dropped their price objective on shares of Park Hotels & Resorts to $20.00 in a report on Wednesday, November 16th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Park Hotels & Resorts has an average rating of “Hold” and an average price target of $18.41.

Park Hotels & Resorts Company Profile

(Get Rating)

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.

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Institutional Ownership by Quarter for Park Hotels & Resorts (NYSE:PK)

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