Captrust Financial Advisors Reduces Stock Holdings in Park Hotels & Resorts Inc. (NYSE:PK)

Captrust Financial Advisors reduced its holdings in Park Hotels & Resorts Inc. (NYSE:PK) by 30.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,066 shares of the financial services provider’s stock after selling 4,434 shares during the period. Captrust Financial Advisors’ holdings in Park Hotels & Resorts were worth $142,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Assetmark Inc. lifted its stake in shares of Park Hotels & Resorts by 3.4% in the 4th quarter. Assetmark Inc. now owns 23,355 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 764 shares during the period. Coldstream Capital Management Inc. lifted its stake in shares of Park Hotels & Resorts by 7.3% in the 4th quarter. Coldstream Capital Management Inc. now owns 11,931 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 813 shares during the period. Xponance Inc. lifted its stake in shares of Park Hotels & Resorts by 3.8% in the 4th quarter. Xponance Inc. now owns 24,650 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 892 shares during the period. Cascade Investment Advisors Inc. lifted its stake in shares of Park Hotels & Resorts by 1.3% in the 4th quarter. Cascade Investment Advisors Inc. now owns 73,487 shares of the financial services provider’s stock valued at $1,034,000 after purchasing an additional 915 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Park Hotels & Resorts by 0.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 338,032 shares of the financial services provider’s stock valued at $5,043,000 after purchasing an additional 1,011 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Park Hotels & Resorts Stock Performance

NYSE:PK opened at $10.28 on Friday. The firm’s fifty day moving average price is $10.31 and its 200 day moving average price is $12.65. Park Hotels & Resorts Inc. has a 1-year low of $8.27 and a 1-year high of $16.28. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.19 and a quick ratio of 1.51. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 1.51 and a beta of 1.75.

Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Monday, May 5th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. The company had revenue of $630.00 million for the quarter, compared to analyst estimates of $620.17 million. Park Hotels & Resorts had a net margin of 8.16% and a return on equity of 5.63%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. On average, sell-side analysts expect that Park Hotels & Resorts Inc. will post 2.11 EPS for the current year.

Park Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 9.73%. Park Hotels & Resorts’s dividend payout ratio is presently 169.49%.

Wall Street Analysts Forecast Growth

PK has been the subject of a number of research analyst reports. Morgan Stanley reduced their price objective on shares of Park Hotels & Resorts from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Evercore ISI lowered shares of Park Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $13.00 target price for the company. in a research note on Friday, May 16th. UBS Group lowered their price objective on shares of Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Wall Street Zen cut shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. Finally, Truist Financial cut their price objective on shares of Park Hotels & Resorts from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.60.

About Park Hotels & Resorts

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.