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

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have been given an average rating of “Reduce” by the thirteen ratings firms that are covering the stock, Marketbeat reports. Two investment 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 12-month price target among analysts that have covered the stock in the last year is $12.9545.

Several analysts recently weighed in on PK shares. Truist Financial raised their target price 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. LADENBURG THALM/SH SH raised their target price on shares of Park Hotels & Resorts from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Wells Fargo & Company raised their target price on shares of Park Hotels & Resorts from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday. Wall Street Zen raised shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $14.00 target price on shares of Park Hotels & Resorts in a report on Friday, June 12th.

Institutional Trading of Park Hotels & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PK. Amundi raised its holdings in Park Hotels & Resorts by 1.9% during the first quarter. Amundi now owns 115,143 shares of the financial services provider’s stock worth $1,119,000 after purchasing an additional 2,179 shares in the last quarter. Millennium Management LLC raised its holdings in Park Hotels & Resorts by 849.3% during the first quarter. Millennium Management LLC now owns 523,851 shares of the financial services provider’s stock worth $5,595,000 after purchasing an additional 468,668 shares in the last quarter. United Services Automobile Association acquired a new stake in Park Hotels & Resorts during the first quarter worth approximately $152,000. Empowered Funds LLC raised its holdings in Park Hotels & Resorts by 10.1% during the first quarter. Empowered Funds LLC now owns 22,380 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 2,058 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in Park Hotels & Resorts by 30.6% during the first quarter. Focus Partners Wealth now owns 18,646 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 4,374 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Park Hotels & Resorts Trading Up 0.2%

NYSE PK opened at $14.75 on Wednesday. The firm has a 50 day simple moving average of $12.17 and a 200-day simple moving average of $11.37. 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 has a one year low of $9.84 and a one year high of $14.95. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -13.53, a PEG ratio of 1.98 and a beta of 1.37.

Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.33). The firm had revenue of $622.00 million during the quarter, compared to analyst estimates 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 firm’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. Equities research analysts anticipate that Park Hotels & Resorts will post 1.76 EPS for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is 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%.

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.