Park Hotels & Resorts Inc. (NYSE:PK) Receives Consensus Rating of “Hold” from Analysts

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $15.00.

PK has been the subject of several research analyst reports. BMO Capital Markets raised shares of Park Hotels & Resorts from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $18.00 in a research report on Tuesday, September 1st. Weiss Ratings upgraded shares of Park Hotels & Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. LADENBURG THALM/SH SH boosted their price objective on shares of Park Hotels & Resorts from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Morgan Stanley upped their price objective on Park Hotels & Resorts from $10.50 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Finally, Barclays increased their target price on Park Hotels & Resorts from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 27th.

Park Hotels & Resorts Stock Performance

NYSE PK opened at $15.24 on Friday. The business’s 50-day moving average price is $15.18 and its 200 day moving average price is $13.25. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.29. Park Hotels & Resorts has a twelve month low of $9.84 and a twelve month high of $16.20. The company has a market capitalization of $3.07 billion, a PE ratio of -18.36, a price-to-earnings-growth ratio of 1.97 and a beta of 1.33.

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, meeting the consensus estimate of $0.24. The company had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $659.68 million. Park Hotels & Resorts had a negative return on equity of 5.23% and a negative net margin of 6.41%.The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 1.83 earnings per share for the current year.

Park Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Wednesday, September 30th. Park Hotels & Resorts’s dividend payout ratio (DPR) is -120.48%.

Hedge Funds Weigh In On Park Hotels & Resorts

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Park Hotels & Resorts in the second quarter valued at about $444,311,000. Donald Smith & CO. Inc. acquired a new position in shares of Park Hotels & Resorts during the second quarter worth about $207,120,000. Bank of America Corp DE purchased a new stake in shares of Park Hotels & Resorts in the second quarter worth about $136,488,000. Aegis Financial Corp purchased a new stake in shares of Park Hotels & Resorts in the second quarter worth about $21,735,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Park Hotels & Resorts in the second quarter valued at about $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 lodging real estate investment trust that owns and invests in a portfolio of hotels and resorts across the United States. The company’s properties are generally located in prominent business, convention and leisure destinations and operate under well-known hospitality brands, including Hilton, Marriott and Hyatt.

Park Hotels & Resorts generates revenue primarily through the operation of its hotel properties, which provide lodging, food and beverage, meeting and event space, and other guest services.