Park Hotels & Resorts Inc. $PK Stake Lifted by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lifted its stake in shares of Park Hotels & Resorts Inc. (NYSE:PK) by 14.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,617,921 shares of the financial services provider’s stock after acquiring an additional 1,813,338 shares during the period. Park Hotels & Resorts accounts for about 2.9% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 10th largest position. Donald Smith & CO. Inc. owned 0.07% of Park Hotels & Resorts worth $152,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Park Hotels & Resorts by 21.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,634,643 shares of the financial services provider’s stock worth $40,272,000 after acquiring an additional 636,049 shares during the period. Private Management Group Inc. raised its holdings in Park Hotels & Resorts by 6.2% in the third quarter. Private Management Group Inc. now owns 3,185,571 shares of the financial services provider’s stock valued at $35,296,000 after buying an additional 186,713 shares during the period. Citigroup Inc. raised its holdings in Park Hotels & Resorts by 13.9% in the third quarter. Citigroup Inc. now owns 1,636,353 shares of the financial services provider’s stock valued at $18,131,000 after buying an additional 199,405 shares during the period. SG Americas Securities LLC raised its holdings in Park Hotels & Resorts by 223.9% in the fourth quarter. SG Americas Securities LLC now owns 762,261 shares of the financial services provider’s stock valued at $7,973,000 after buying an additional 526,901 shares during the period. Finally, Matthew 25 Management Corp raised its holdings in Park Hotels & Resorts by 368.0% in the third quarter. Matthew 25 Management Corp now owns 475,000 shares of the financial services provider’s stock valued at $5,263,000 after buying an additional 373,500 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on PK. LADENBURG THALM/SH SH began coverage on shares of Park Hotels & Resorts in a report on Thursday, March 26th. They issued a “buy” rating and a $16.00 price target on the stock. Morgan Stanley raised their price target on shares of Park Hotels & Resorts from $10.00 to $10.50 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Wells Fargo & Company raised their price target on shares of Park Hotels & Resorts from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, Barclays raised their price target on shares of Park Hotels & Resorts from $9.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $12.15.

Park Hotels & Resorts Trading Down 1.7%

PK opened at $13.92 on Thursday. The firm has a market capitalization of $2.80 billion, a P/E ratio of -12.77, a P/E/G ratio of 1.93 and a beta of 1.37. The firm’s 50 day moving average is $11.60 and its 200-day moving average is $11.18. Park Hotels & Resorts Inc. has a 52-week low of $9.84 and a 52-week high of $14.54. 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 posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.33). The firm had revenue of $622.00 million for the quarter, compared to analysts’ expectations of $609.78 million. Park Hotels & Resorts had a negative net margin of 8.49% and a negative return on equity of 6.71%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. Analysts expect that Park Hotels & Resorts Inc. will post 1.74 EPS for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.2%. Park Hotels & Resorts’s dividend payout ratio (DPR) is currently -91.74%.

Park Hotels & Resorts Company Profile

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.