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

Park Hotels & Resorts Inc. (NYSE:PK) has received an average recommendation of “Reduce” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.55.

Several analysts recently commented on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $12.00 target price on shares of Park Hotels & Resorts in a research note on Wednesday, May 13th. Barclays reissued an “equal weight” rating and set a $9.00 target price (down from $13.00) on shares of Park Hotels & Resorts in a research note on Tuesday, April 7th. Weiss Ratings raised shares of Park Hotels & Resorts from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Wall Street Zen raised shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Wells Fargo & Company cut their target price on shares of Park Hotels & Resorts from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 24th.

Park Hotels & Resorts Stock Up 0.5%

PK opened at $11.52 on Friday. Park Hotels & Resorts has a one year low of $9.84 and a one year high of $12.39. The company has a market capitalization of $2.32 billion, a PE ratio of -10.56, a P/E/G ratio of 1.56 and a beta of 1.37. The stock’s fifty day moving average is $10.91 and its 200-day moving average is $10.92. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.25 and a current ratio of 1.25.

Park Hotels & Resorts (NYSE:PK) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.33). Park Hotels & Resorts had a negative net margin of 8.49% and a negative return on equity of 6.71%. The business had revenue of $622.00 million for the quarter, compared to analyst estimates of $609.78 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. On average, equities analysts predict that Park Hotels & Resorts will post 1.74 EPS for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.00 annualized dividend and a yield of 8.7%. Park Hotels & Resorts’s dividend payout ratio is currently -91.74%.

Institutional Trading of Park Hotels & Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in PK. Sculptor Capital LP lifted its position in shares of Park Hotels & Resorts by 154.1% in the 2nd quarter. Sculptor Capital LP now owns 6,534,153 shares of the financial services provider’s stock valued at $66,844,000 after acquiring an additional 3,962,304 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Park Hotels & Resorts by 76.7% in the 2nd quarter. AQR Capital Management LLC now owns 7,744,912 shares of the financial services provider’s stock valued at $79,230,000 after acquiring an additional 3,361,382 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Park Hotels & Resorts by 34.6% in the 2nd quarter. Bank of America Corp DE now owns 12,870,552 shares of the financial services provider’s stock valued at $131,666,000 after acquiring an additional 3,309,275 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Park Hotels & Resorts in the 3rd quarter valued at approximately $20,905,000. Finally, Donald Smith & CO. Inc. lifted its position in shares of Park Hotels & Resorts by 14.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 14,617,921 shares of the financial services provider’s stock valued at $152,903,000 after acquiring an additional 1,813,338 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

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.