Park Hotels & Resorts (NYSE:PK) Upgraded by Wall Street Zen to “Hold” Rating

Park Hotels & Resorts (NYSE:PK) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company lowered their price objective on Park Hotels & Resorts from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, December 1st. Truist Financial decreased their target price on Park Hotels & Resorts from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, February 3rd. Evercore lowered their price target 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. Barclays began coverage on shares of Park Hotels & Resorts in a report on Tuesday, January 6th. They set an “overweight” rating and a $13.00 price objective for the company. Finally, Morgan Stanley set a $10.00 price objective on shares of Park Hotels & Resorts in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $11.27.

Park Hotels & Resorts Price Performance

Shares of NYSE:PK opened at $11.31 on Friday. The company has a market capitalization of $2.26 billion, a P/E ratio of -7.91 and a beta of 1.45. Park Hotels & Resorts has a 1-year low of $8.27 and a 1-year high of $12.50. The firm’s 50 day simple moving average is $11.16 and its two-hundred day simple moving average is $11.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.34 and a quick ratio of 1.04.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Thursday, February 19th. The financial services provider reported ($1.04) EPS 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 for the quarter, compared to the consensus estimate of $621.79 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. Research analysts expect that Park Hotels & Resorts will post 2.11 EPS for the current fiscal year.

Insider Buying and Selling at Park Hotels & Resorts

In other Park Hotels & Resorts news, Director Christie B. Kelly purchased 2,949 shares of Park Hotels & Resorts stock in a transaction that occurred on Wednesday, January 14th. The shares were bought at an average price of $11.19 per share, for a total transaction of $32,999.31. Following the completion of the transaction, the director owned 150,501 shares of the company’s stock, valued at approximately $1,684,106.19. This trade represents a 2.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Park Hotels & Resorts

Institutional investors have recently bought and sold shares of the stock. Danske Bank A S bought a new position in Park Hotels & Resorts in the 3rd quarter worth about $25,000. Parvin Asset Management LLC bought a new position in Park Hotels & Resorts in the second quarter worth approximately $26,000. Bessemer Group Inc. increased its holdings in Park Hotels & Resorts by 359.3% during the 2nd quarter. Bessemer Group Inc. now owns 3,082 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 2,411 shares during the period. Advisory Services Network LLC bought a new stake in Park Hotels & Resorts during the 3rd quarter valued at $34,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Park Hotels & Resorts by 326.4% in the 3rd quarter. Clearstead Advisors LLC now owns 3,198 shares of the financial services provider’s stock worth $35,000 after buying an additional 2,448 shares during the period. 92.69% of the stock is currently owned by institutional investors.

About Park Hotels & Resorts

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.