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

Park Hotels & Resorts Inc. (NYSE:PK) has received a consensus rating of “Reduce” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.00.

PK has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Park Hotels & Resorts from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $12.00 price objective on shares of Park Hotels & Resorts in a research note on Wednesday, May 13th. LADENBURG THALM/SH SH increased their target price on Park Hotels & Resorts from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Truist Financial raised their target price on Park Hotels & Resorts from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Tuesday, May 26th. Finally, Morgan Stanley boosted their price target on Park Hotels & Resorts from $10.50 to $11.00 and gave the company an “equal weight” rating in a research note on Friday.

Institutional Investors Weigh In On Park Hotels & Resorts

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

Park Hotels & Resorts Trading Up 1.8%

Shares of PK stock opened at $14.87 on Friday. The firm has a fifty day moving average of $13.41 and a 200-day moving average of $11.87. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of -13.64, a P/E/G ratio of 2.00 and a beta of 1.33. Park Hotels & Resorts has a 52-week low of $9.84 and a 52-week high of $14.95. 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 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 business had revenue of $622.00 million for the quarter, compared to analyst estimates of $609.77 million. Park Hotels & Resorts had a negative net margin of 8.49% and a negative return on equity of 6.71%. Park Hotels & Resorts’s revenue was down 1.3% on a year-over-year basis. During the same quarter last 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, equities research analysts forecast that Park Hotels & Resorts will post 1.76 earnings per share for the current fiscal 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.7%. Park Hotels & Resorts’s dividend payout ratio (DPR) is presently -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.