Park Hotels & Resorts Inc. (NYSE:PK) – Stock analysts at Boenning Scattergood decreased their Q3 2017 EPS estimates for Park Hotels & Resorts in a research report issued to clients and investors on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the financial services provider will post earnings of $0.66 per share for the quarter, down from their prior forecast of $0.74. Boenning Scattergood has a “Buy” rating and a $29.00 price target on the stock. Boenning Scattergood also issued estimates for Park Hotels & Resorts’ Q4 2017 earnings at $0.64 EPS.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The company had revenue of $733.00 million for the quarter, compared to analysts’ expectations of $716.51 million. Park Hotels & Resorts’s revenue was up 1.1% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/23/q3-2017-eps-estimates-for-park-hotels-resorts-inc-decreased-by-analyst-pk.html.

Several other brokerages have also commented on PK. Zacks Investment Research upgraded shares of Park Hotels & Resorts from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, July 11th. Canaccord Genuity cut their price target on shares of Park Hotels & Resorts from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.80.

Shares of Park Hotels & Resorts (NYSE:PK) opened at 28.48 on Monday. The stock has a market capitalization of $6.12 billion and a price-to-earnings ratio of 2.44. Park Hotels & Resorts has a one year low of $24.65 and a one year high of $33.40. The stock’s 50 day moving average is $27.60 and its 200-day moving average is $26.77.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend was Thursday, September 28th.

In other Park Hotels & Resorts news, Director Stephen I. Sadove acquired 9,600 shares of the stock in a transaction on Friday, August 4th. The shares were bought at an average cost of $25.97 per share, with a total value of $249,312.00. Following the transaction, the director now owns 20,151 shares of the company’s stock, valued at approximately $523,321.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Sentry Investments Corp. purchased a new stake in shares of Park Hotels & Resorts in the second quarter valued at about $11,210,000. Prudential Financial Inc. boosted its holdings in shares of Park Hotels & Resorts by 135.5% in the second quarter. Prudential Financial Inc. now owns 3,296,991 shares of the financial services provider’s stock valued at $88,886,000 after acquiring an additional 1,896,731 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Park Hotels & Resorts by 30.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 146,458 shares of the financial services provider’s stock valued at $3,949,000 after acquiring an additional 34,503 shares in the last quarter. Westpac Banking Corp boosted its holdings in shares of Park Hotels & Resorts by 17.6% in the second quarter. Westpac Banking Corp now owns 213,753 shares of the financial services provider’s stock valued at $5,763,000 after acquiring an additional 32,036 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Park Hotels & Resorts by 3,050.7% in the second quarter. Parallel Advisors LLC now owns 4,789 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 4,637 shares in the last quarter. 97.19% of the stock is currently owned by institutional investors.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc is a lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment, which includes all of its hotel properties. As of December 31, 2016, the Company’s portfolio consisted of 67 hotels and resorts with over 35,000 rooms located in the United States and international markets.

Earnings History and Estimates for Park Hotels & Resorts (NYSE:PK)

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