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

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have received an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.05.

PK has been the subject of several research analyst reports. Evercore ISI decreased their price target on shares of Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Company dropped their price target on Park Hotels & Resorts from $17.00 to $14.50 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. UBS Group reduced their price objective on Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Truist Financial lowered their target price on Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Finally, Wolfe Research downgraded shares of Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th.

Institutional Trading of Park Hotels & Resorts

A number of hedge funds have recently bought and sold shares of PK. Retirement Systems of Alabama boosted its stake in Park Hotels & Resorts by 0.3% in the first quarter. Retirement Systems of Alabama now owns 263,688 shares of the financial services provider’s stock valued at $4,612,000 after acquiring an additional 693 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its stake in Park Hotels & Resorts by 0.4% in the second quarter. Blue Zone Wealth Advisors LLC now owns 252,737 shares of the financial services provider’s stock valued at $3,786,000 after purchasing an additional 883 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Park Hotels & Resorts by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 94,701 shares of the financial services provider’s stock valued at $1,449,000 after purchasing an additional 920 shares during the period. State of Michigan Retirement System increased its position in Park Hotels & Resorts by 2.2% in the first quarter. State of Michigan Retirement System now owns 51,529 shares of the financial services provider’s stock worth $901,000 after buying an additional 1,100 shares during the last quarter. Finally, Wedmont Private Capital raised its stake in shares of Park Hotels & Resorts by 10.8% in the first quarter. Wedmont Private Capital now owns 11,418 shares of the financial services provider’s stock valued at $201,000 after buying an additional 1,117 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Park Hotels & Resorts Stock Up 2.8 %

Shares of Park Hotels & Resorts stock opened at $14.43 on Monday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 0.71 and a beta of 2.02. The stock’s 50-day moving average is $14.49 and its 200 day moving average is $15.39. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.58 and a quick ratio of 1.58. Park Hotels & Resorts has a one year low of $11.05 and a one year high of $18.05.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.30). Park Hotels & Resorts had a return on equity of 8.77% and a net margin of 11.50%. The company had revenue of $686.00 million for the quarter, compared to analyst estimates of $694.94 million. Equities research analysts anticipate that Park Hotels & Resorts will post 2.11 EPS for the current year.

Park Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 6.93%. Park Hotels & Resorts’s dividend payout ratio (DPR) is 227.27%.

About Park Hotels & Resorts

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.