Park Hotels & Resorts Inc. (NYSE:PK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.83.

PK has been the subject of several recent research reports. StockNews.com upgraded Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. UBS Group lifted their price target on Park Hotels & Resorts from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Barclays lifted their price target on Park Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. Truist Financial dropped their price target on Park Hotels & Resorts from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Finally, Wells Fargo & Company lifted their price target on Park Hotels & Resorts from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st.

Park Hotels & Resorts Price Performance

NYSE:PK opened at $14.82 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.20. The business’s 50-day simple moving average is $15.83 and its two-hundred day simple moving average is $16.13. The stock has a market cap of $3.12 billion, a PE ratio of 33.68, a P/E/G ratio of 0.73 and a beta of 2.01. Park Hotels & Resorts has a 52 week low of $11.05 and a 52 week high of $18.05.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). The firm had revenue of $639.00 million for the quarter, compared to analysts’ expectations of $630.46 million. Park Hotels & Resorts had a net margin of 3.42% and a return on equity of 3.08%. As a group, analysts forecast that Park Hotels & Resorts will post 2.11 EPS for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.75%. The ex-dividend date is Friday, June 28th. Park Hotels & Resorts’s dividend payout ratio is presently 227.27%.

Institutional Trading of Park Hotels & Resorts

Institutional investors and hedge funds have recently modified their holdings of the stock. Fidelis Capital Partners LLC bought a new position in Park Hotels & Resorts in the first quarter worth approximately $26,000. Raleigh Capital Management Inc. bought a new position in Park Hotels & Resorts in the fourth quarter worth approximately $35,000. YHB Investment Advisors Inc. bought a new position in Park Hotels & Resorts in the first quarter worth approximately $40,000. FNY Investment Advisers LLC bought a new position in Park Hotels & Resorts in the fourth quarter worth approximately $42,000. Finally, Covestor Ltd raised its stake in Park Hotels & Resorts by 31.5% in the third quarter. Covestor Ltd now owns 5,596 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,340 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Company Profile

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.