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

Park Hotels & Resorts Inc. (NYSE:PK) has been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.1111.

A number of analysts have commented on PK shares. Bank of America lowered shares of Park Hotels & Resorts from a “neutral” rating to an “underperform” rating and set a $11.00 price target for the company. in a research note on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on shares of Park Hotels & Resorts in a research note on Monday, June 23rd. They set an “underweight” rating and a $10.00 price target for the company. Morgan Stanley restated an “outperform” rating on shares of Park Hotels & Resorts in a research note on Tuesday, July 15th. Truist Financial lowered shares of Park Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the company from $16.00 to $11.00 in a research note on Friday, May 30th. Finally, Wells Fargo & Company upped their target price on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 1st.

Institutional Investors Weigh In On Park Hotels & Resorts

Institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its holdings in shares of Park Hotels & Resorts by 140.9% in the first quarter. UMB Bank n.a. now owns 2,385 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,395 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Park Hotels & Resorts in the second quarter worth about $26,000. Versant Capital Management Inc lifted its holdings in shares of Park Hotels & Resorts by 11,039.1% in the first quarter. Versant Capital Management Inc now owns 2,562 shares of the financial services provider’s stock worth $27,000 after buying an additional 2,539 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Park Hotels & Resorts by 359.3% in the second quarter. Bessemer Group Inc. now owns 3,082 shares of the financial services provider’s stock worth $32,000 after buying an additional 2,411 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Park Hotels & Resorts in the fourth quarter worth about $35,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Park Hotels & Resorts Stock Down 0.1%

NYSE:PK opened at $11.1360 on Thursday. The firm’s 50 day simple moving average is $10.70 and its 200 day simple moving average is $10.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.16. Park Hotels & Resorts has a one year low of $8.27 and a one year high of $16.23. The company has a market cap of $2.23 billion, a PE ratio of 41.25 and a beta of 1.80.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate of $672.37 million. Park Hotels & Resorts had a net margin of 2.25% and a return on equity of 0.76%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 EPS. Park Hotels & Resorts has set its FY 2025 guidance at 1.820-2.080 EPS. On average, research analysts anticipate that Park Hotels & Resorts will post 2.11 earnings per share for the current year.

Park Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 annualized dividend and a yield of 9.0%. Park Hotels & Resorts’s dividend payout ratio is presently 370.37%.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.