Park Hotels & Resorts Inc. (NYSE:PK) Stock Has Average Price Target of $15.91 According to Brokerages

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have received a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $16.09.

PK has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded Park Hotels & Resorts to a “hold” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Park Hotels & Resorts from $14.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday. BMO Capital Markets raised Park Hotels & Resorts from a “market perform” rating to an “outperform” rating and increased their price target for the company from $14.00 to $18.00 in a report on Tuesday, September 1st. Barclays lifted their target price on Park Hotels & Resorts from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Finally, Cantor Fitzgerald boosted their price objective on Park Hotels & Resorts from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th.

Park Hotels & Resorts Stock Performance

NYSE PK opened at $16.34 on Tuesday. The business has a 50 day simple moving average of $15.52 and a two-hundred day simple moving average of $14.00. Park Hotels & Resorts has a 1-year low of $9.84 and a 1-year high of $17.14. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $3.29 billion, a PE ratio of -19.69 and a beta of 1.36.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $680.00 million for the quarter, compared to the consensus estimate of $659.68 million. Park Hotels & Resorts had a negative net margin of 6.41% and a negative return on equity of 5.23%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. On average, research analysts predict that Park Hotels & Resorts will post 1.87 EPS for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.25 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 6.1%. Park Hotels & Resorts’s payout ratio is currently -120.48%.

Hedge Funds Weigh In On Park Hotels & Resorts

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Park Hotels & Resorts in the 2nd quarter worth approximately $444,311,000. Donald Smith & CO. Inc. acquired a new position in Park Hotels & Resorts during the 2nd quarter worth approximately $207,120,000. Bank of America Corp DE purchased a new stake in Park Hotels & Resorts during the 2nd quarter worth $136,488,000. Aegis Financial Corp acquired a new position in shares of Park Hotels & Resorts in the second quarter worth about $21,735,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Park Hotels & Resorts during the 2nd quarter valued at approximately $21,293,000. 92.69% of the stock is owned by institutional investors and hedge funds.

About Park Hotels & Resorts

Park Hotels & Resorts Inc (NYSE: PK) is a real estate investment trust focused on owning and operating hotels and resorts. The company’s portfolio includes full-service properties in major business and leisure destinations, with hotels operating under Hilton brands as well as other nationally recognized and independent brands.

Park’s properties provide lodging, food and beverage, meeting and event facilities, and other hospitality services. Its hotels are located primarily in the United States, including gateway cities, convention markets, and resort destinations.

Park Hotels & Resorts was formed in 2017 through a spin-off from Hilton Worldwide Holdings.