Park Hotels & Resorts (NYSE:PK) Rating Increased to Hold at Wall Street Zen

Park Hotels & Resorts (NYSE:PK) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

A number of other research analysts also recently issued reports on PK. Evercore dropped their target price on shares of Park Hotels & Resorts from $13.00 to $12.00 and set an “in-line” rating on the stock in a research note on Thursday, November 20th. Zacks Research raised shares of Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Barclays began coverage on Park Hotels & Resorts in a report on Tuesday, January 6th. They set an “overweight” rating and a $13.00 price objective for the company. Weiss Ratings lowered Park Hotels & Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Finally, Wells Fargo & Company dropped their price target on Park Hotels & Resorts from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, December 1st. Two research 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 data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $11.27.

Park Hotels & Resorts Price Performance

Shares of PK opened at $11.31 on Friday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -7.91 and a beta of 1.45. The business has a 50-day moving average of $11.16 and a 200-day moving average of $11.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.34 and a quick ratio of 1.04. Park Hotels & Resorts has a 1 year low of $8.27 and a 1 year high of $12.50.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data 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). Park Hotels & Resorts had a negative net margin of 11.14% and a negative return on equity of 8.56%. The company had revenue of $629.00 million during the quarter, compared to the consensus estimate of $621.79 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s revenue was up .6% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. As a group, equities research analysts anticipate that Park Hotels & Resorts will post 2.11 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Christie B. Kelly purchased 2,949 shares of the firm’s stock in a transaction 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 purchase, the director directly owned 150,501 shares of the company’s stock, valued at approximately $1,684,106.19. This trade represents a 2.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by insiders.

Institutional Trading of Park Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PK. Amundi grew its position in shares of Park Hotels & Resorts by 1.9% in the 1st quarter. Amundi now owns 115,143 shares of the financial services provider’s stock worth $1,119,000 after buying an additional 2,179 shares during the period. Millennium Management LLC grew its holdings in Park Hotels & Resorts by 849.3% in the first quarter. Millennium Management LLC now owns 523,851 shares of the financial services provider’s stock worth $5,595,000 after purchasing an additional 468,668 shares during the period. United Services Automobile Association bought a new position in shares of Park Hotels & Resorts during the first quarter valued at approximately $152,000. Empowered Funds LLC lifted its holdings in shares of Park Hotels & Resorts by 10.1% during the first quarter. Empowered Funds LLC now owns 22,380 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 2,058 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Park Hotels & Resorts by 30.6% during the first quarter. Focus Partners Wealth now owns 18,646 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 4,374 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

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.