Park Hotels & Resorts (NYSE:PK) Now Covered by Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH began coverage on shares of Park Hotels & Resorts (NYSE:PK) in a research report released on Thursday, Marketbeat.com reports. The firm issued a buy rating and a $16.00 target price on the financial services provider’s stock.

A number of other brokerages also recently commented on PK. Wells Fargo & Company reduced their price objective on shares of Park Hotels & Resorts from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday. Zacks Research upgraded Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. boosted their price target on Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 3rd. Wall Street Zen upgraded Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Truist Financial dropped 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. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.67.

Park Hotels & Resorts Stock Up 0.9%

Shares of Park Hotels & Resorts stock opened at $10.70 on Thursday. 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 stock has a market cap of $2.15 billion, a price-to-earnings ratio of -7.48 and a beta of 1.40. The firm’s 50-day moving average is $11.07 and its two-hundred day moving average is $10.99. Park Hotels & Resorts has a 1 year low of $8.27 and a 1 year high of $12.39.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings results on Thursday, February 19th. The financial services provider reported ($1.04) EPS 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 business 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 posted $0.39 EPS. The company’s revenue for the quarter 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, research analysts expect that Park Hotels & Resorts will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The company 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 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Park Hotels & Resorts’s payout ratio is currently -69.93%.

Insider Activity

In other Park Hotels & Resorts news, Director Christie B. Kelly purchased 2,949 shares of Park Hotels & Resorts stock in a transaction dated 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 transaction, the director owned 150,501 shares in the company, valued at approximately $1,684,106.19. This trade represents a 2.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional Trading of Park Hotels & Resorts

A number of institutional investors have recently made changes to their positions in PK. Amundi raised its stake in Park Hotels & Resorts by 1.9% in the first quarter. Amundi now owns 115,143 shares of the financial services provider’s stock valued at $1,119,000 after buying an additional 2,179 shares during the last quarter. Millennium Management LLC grew its stake in shares of Park Hotels & Resorts by 849.3% during the first quarter. Millennium Management LLC now owns 523,851 shares of the financial services provider’s stock worth $5,595,000 after acquiring an additional 468,668 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Park Hotels & Resorts during the first quarter worth about $152,000. Empowered Funds LLC increased 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 acquiring an additional 2,058 shares in the last quarter. Finally, Focus Partners Wealth raised its position in shares of Park Hotels & Resorts by 30.6% in the 1st 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. Institutional investors and hedge funds 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.