Park Hotels & Resorts Inc. (NYSE:PK) Given Average Recommendation of “Reduce” by Brokerages

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have received an average recommendation of “Reduce” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $12.9545.

A number of equities research analysts recently weighed in on PK shares. Cantor Fitzgerald restated a “neutral” rating and issued a $12.00 price target on shares of Park Hotels & Resorts in a research note on Wednesday, May 13th. LADENBURG THALM/SH SH lifted their price objective on shares of Park Hotels & Resorts from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Truist Financial upped their price objective on shares of Park Hotels & Resorts from $12.00 to $13.00 and gave the company a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings raised shares of Park Hotels & Resorts from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Finally, Barclays raised their target price on shares of Park Hotels & Resorts from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st.

Institutional Investors Weigh In On Park Hotels & Resorts

A number of institutional investors have recently made changes to their positions in PK. Danske Bank A S acquired a new position in shares of Park Hotels & Resorts in the third quarter valued at approximately $25,000. Fifth Third Bancorp lifted its holdings in Park Hotels & Resorts by 68.8% during the 1st quarter. Fifth Third Bancorp now owns 2,604 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,061 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Park Hotels & Resorts during the 3rd quarter worth approximately $34,000. Harbor Capital Advisors Inc. lifted its holdings in Park Hotels & Resorts by 293.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,181 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 3,863 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Park Hotels & Resorts by 33.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,844 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 1,464 shares during the period. Institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Price Performance

NYSE:PK opened at $14.62 on Friday. Park Hotels & Resorts has a 12-month low of $9.84 and a 12-month high of $14.95. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -13.41, a P/E/G ratio of 1.95 and a beta of 1.33. The stock’s 50 day moving average price is $13.34 and its two-hundred day moving average price is $11.85. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.27.

Park Hotels & Resorts (NYSE:PK) last issued 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). The business had revenue of $622.00 million for the quarter, compared to the consensus estimate of $609.77 million. Park Hotels & Resorts had a negative return on equity of 6.71% and a negative net margin of 8.49%.The business’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. On average, analysts anticipate that Park Hotels & Resorts will post 1.76 earnings per share for the current year.

Park Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.00 annualized dividend and a yield of 6.8%. Park Hotels & Resorts’s dividend payout ratio (DPR) is -91.74%.

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.