Park Hotels & Resorts Inc. (NYSE:PK) Receives Average Rating of “Reduce” from Analysts

Park Hotels & Resorts Inc. (NYSE:PK) has earned a consensus rating of “Reduce” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $11.2727.

Several equities analysts have recently commented on PK shares. Cantor Fitzgerald upped their target price on Park Hotels & Resorts from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. lifted their price target on Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an “underweight” rating in a 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. Evercore decreased their price objective on Park Hotels & Resorts from $13.00 to $12.00 and set an “in-line” rating on the stock in a report on Thursday, November 20th. Finally, Zacks Research raised Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th.

Insider Activity

In other Park Hotels & Resorts news, Director Christie B. Kelly acquired 2,949 shares of Park Hotels & Resorts stock in a transaction that occurred 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 completion of the purchase, the director directly owned 150,501 shares of the company’s stock, valued at $1,684,106.19. This represents a 2.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Park Hotels & Resorts

Several large investors have recently bought and sold shares of PK. Amundi lifted its holdings in shares of Park Hotels & Resorts by 1.9% during the first quarter. Amundi now owns 115,143 shares of the financial services provider’s stock worth $1,119,000 after purchasing an additional 2,179 shares during the period. Millennium Management LLC increased 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 valued at $5,595,000 after purchasing an additional 468,668 shares during the period. United Services Automobile Association bought a new position in Park Hotels & Resorts during the 1st quarter worth $152,000. Empowered Funds LLC raised its position in Park Hotels & Resorts by 10.1% during the 1st quarter. Empowered Funds LLC now owns 22,380 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 2,058 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in Park Hotels & Resorts by 30.6% during the 1st quarter. Focus Partners Wealth now owns 18,646 shares of the financial services provider’s stock worth $199,000 after buying an additional 4,374 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Park Hotels & Resorts Price Performance

Shares of NYSE PK opened at $10.93 on Monday. 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 business has a 50-day moving average of $11.20 and a 200-day moving average of $11.10. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -7.64 and a beta of 1.40. Park Hotels & Resorts has a fifty-two week low of $8.27 and a fifty-two week high of $12.43.

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). Park Hotels & Resorts had a negative net margin of 11.14% and a negative return on equity of 8.56%. The firm had revenue of $629.00 million during the quarter, compared to the consensus estimate of $621.79 million. During the same period in the prior year, the business posted $0.39 earnings per share. Park Hotels & Resorts’s quarterly 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, sell-side analysts predict that Park Hotels & Resorts will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Park Hotels & Resorts’s dividend payout ratio is -69.93%.

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.