Park Hotels & Resorts Inc. (NYSE:PK) Receives $17.27 Consensus Target Price from Analysts

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $17.27.

A number of equities analysts recently commented on the company. UBS Group upped their target price on Park Hotels & Resorts from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Truist Financial raised their price objective on shares of Park Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Barclays upped their target price on Park Hotels & Resorts from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Wells Fargo & Company upped their price target on Park Hotels & Resorts from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, StockNews.com upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AE Wealth Management LLC bought a new stake in shares of Park Hotels & Resorts in the 3rd quarter valued at approximately $154,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Park Hotels & Resorts by 2.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,399 shares of the financial services provider’s stock worth $1,064,000 after buying an additional 1,714 shares during the last quarter. Inspire Advisors LLC purchased a new position in Park Hotels & Resorts during the third quarter worth $153,000. Allspring Global Investments Holdings LLC raised its stake in shares of Park Hotels & Resorts by 5.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 85,069 shares of the financial services provider’s stock valued at $1,048,000 after acquiring an additional 4,720 shares during the period. Finally, Cascade Investment Advisors Inc. lifted its holdings in shares of Park Hotels & Resorts by 7.2% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 65,497 shares of the financial services provider’s stock worth $807,000 after acquiring an additional 4,375 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Price Performance

Shares of NYSE:PK opened at $16.09 on Friday. Park Hotels & Resorts has a one year low of $11.05 and a one year high of $18.05. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.48 and a quick ratio of 1.30. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 0.83 and a beta of 2.03. The company’s fifty day moving average price is $16.97 and its 200-day moving average price is $15.60.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.39. Park Hotels & Resorts had a net margin of 3.42% and a return on equity of 3.08%. The company had revenue of $657.00 million during the quarter, compared to analysts’ expectations of $665.16 million. On average, equities research analysts anticipate that Park Hotels & Resorts will post 2.06 earnings per share for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.00 annualized dividend and a yield of 6.22%. Park Hotels & Resorts’s dividend payout ratio (DPR) is currently 227.28%.

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.