Park Hotels & Resorts (NYSE:PK) Stock Price Expected to Rise, LADENBURG THALM/SH SH Analyst Says

Park Hotels & Resorts (NYSE:PK) had its price objective boosted by investment analysts at LADENBURG THALM/SH SH from $16.00 to $20.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. LADENBURG THALM/SH SH’s price target points to a potential upside of 36.85% from the stock’s previous close.

Several other research firms also recently commented on PK. Zacks Research raised Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. Weiss Ratings upgraded Park Hotels & Resorts from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $14.00 price objective on shares of Park Hotels & Resorts in a report on Friday. Truist Financial increased their price objective 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, Wall Street Zen raised Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $12.68.

Park Hotels & Resorts Stock Performance

NYSE:PK traded up $0.22 on Tuesday, hitting $14.62. The company’s stock had a trading volume of 1,506,969 shares, compared to its average volume of 4,295,100. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.27. The stock has a fifty day moving average of $11.84 and a two-hundred day moving average of $11.26. The firm has a market capitalization of $2.94 billion, a P/E ratio of -13.41, a price-to-earnings-growth ratio of 1.95 and a beta of 1.37. Park Hotels & Resorts has a one year low of $9.84 and a one year high of $14.78.

Park Hotels & Resorts (NYSE:PK) last posted its earnings results 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 company had revenue of $622.00 million for the quarter, compared to analyst estimates of $609.78 million. Park Hotels & Resorts had a negative return on equity of 6.71% and a negative net margin of 8.49%.The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. Research analysts predict that Park Hotels & Resorts will post 1.76 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Securities Inc. boosted its stake in shares of Park Hotels & Resorts by 9.5% in the 4th quarter. Principal Securities Inc. now owns 10,684 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 927 shares in the last quarter. California State Teachers Retirement System increased its position in Park Hotels & Resorts by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 192,452 shares of the financial services provider’s stock worth $1,969,000 after purchasing an additional 968 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Park Hotels & Resorts by 0.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 125,051 shares of the financial services provider’s stock valued at $1,386,000 after purchasing an additional 1,038 shares during the last quarter. Fifth Third Bancorp lifted its stake in Park Hotels & Resorts by 68.8% in the 1st quarter. Fifth Third Bancorp now owns 2,604 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Caitlin John LLC boosted its position in Park Hotels & Resorts by 4.6% in the fourth quarter. Caitlin John LLC now owns 24,774 shares of the financial services provider’s stock valued at $259,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

About Park Hotels & Resorts

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.