Park Hotels & Resorts Inc. (NYSE:PK) Receives Consensus Rating of “Hold” from Brokerages

Park Hotels & Resorts Inc. (NYSE:PK) has earned an average rating of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $11.6667.

PK has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH assumed coverage on shares of Park Hotels & Resorts in a report on Thursday, March 26th. They set a “buy” rating and a $16.00 price objective for the company. Wall Street Zen upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Zacks Research raised shares of Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Barclays started coverage on shares of Park Hotels & Resorts in a research note on Tuesday, January 6th. They set an “overweight” rating and a $13.00 price target for the company. Finally, Morgan Stanley set a $10.00 price target on Park Hotels & Resorts in a report on Friday, January 16th.

Insider Buying and Selling

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 stock was acquired at an average price of $11.19 per share, for a total transaction of $32,999.31. Following the acquisition, the director owned 150,501 shares in the company, valued at $1,684,106.19. This trade represents a 2.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Park Hotels & Resorts

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in shares of Park Hotels & Resorts by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,634,643 shares of the financial services provider’s stock valued at $40,272,000 after acquiring an additional 636,049 shares during the period. SAM Advisors LLC purchased a new stake in shares of Park Hotels & Resorts during the 3rd quarter worth $2,212,000. Citigroup Inc. lifted its stake in shares of Park Hotels & Resorts by 13.9% during the 3rd quarter. Citigroup Inc. now owns 1,636,353 shares of the financial services provider’s stock worth $18,131,000 after purchasing an additional 199,405 shares during the last quarter. Squarepoint Ops LLC boosted its position in Park Hotels & Resorts by 370.3% during the second quarter. Squarepoint Ops LLC now owns 432,535 shares of the financial services provider’s stock valued at $4,425,000 after purchasing an additional 340,568 shares in the last quarter. Finally, Private Management Group Inc. boosted its position in Park Hotels & Resorts by 6.2% during the third quarter. Private Management Group Inc. now owns 3,185,571 shares of the financial services provider’s stock valued at $35,296,000 after purchasing an additional 186,713 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Stock Performance

Shares of Park Hotels & Resorts stock opened at $10.40 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.25. The stock’s fifty day moving average is $10.98 and its two-hundred day moving average is $10.94. Park Hotels & Resorts has a 52 week low of $8.27 and a 52 week high of $12.39. The company has a market capitalization of $2.09 billion, a PE ratio of -7.27 and a beta of 1.39.

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% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. As a group, analysts expect that Park Hotels & Resorts will post 2.11 earnings per share for the current year.

Park Hotels & Resorts Dividend Announcement

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

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.