Park Hotels & Resorts (NYSE:PK) Sets New 1-Year Low – Should You Sell?

Park Hotels & Resorts Inc. (NYSE:PK) hit a new 52-week low on Friday . The company traded as low as $13.22 and last traded at $13.40, with a volume of 218038 shares traded. The stock had previously closed at $13.55.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PK shares. Wolfe Research downgraded shares of Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. StockNews.com cut Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Compass Point cut their target price on Park Hotels & Resorts from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Bank of America lowered their price objective on shares of Park Hotels & Resorts from $17.00 to $16.50 and set a “neutral” rating on the stock in a report on Monday, October 21st. Finally, UBS Group increased their target price on shares of Park Hotels & Resorts from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.65.

Park Hotels & Resorts Stock Performance

The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.24. The company has a market cap of $2.84 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 6.90 and a beta of 2.02. The stock has a 50 day moving average price of $14.85 and a two-hundred day moving average price of $14.59.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.21). The company had revenue of $649.00 million during the quarter, compared to analyst estimates of $646.15 million. Park Hotels & Resorts had a net margin of 12.66% and a return on equity of 9.63%. Park Hotels & Resorts’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, research analysts predict that Park Hotels & Resorts Inc. will post 1.96 earnings per share for the current fiscal year.

Park Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 18.87%. This is a boost from Park Hotels & Resorts’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, December 31st. Park Hotels & Resorts’s dividend payout ratio (DPR) is 63.69%.

Institutional Trading of Park Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of PK. Harbor Capital Advisors Inc. acquired a new stake in Park Hotels & Resorts in the third quarter valued at $33,000. Venturi Wealth Management LLC lifted its stake in shares of Park Hotels & Resorts by 281.6% in the third quarter. Venturi Wealth Management LLC now owns 3,850 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 2,841 shares during the period. Quarry LP increased its position in Park Hotels & Resorts by 82.1% during the 2nd quarter. Quarry LP now owns 4,118 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,857 shares during the period. Claro Advisors LLC bought a new position in Park Hotels & Resorts during the 3rd quarter worth approximately $69,000. Finally, Covestor Ltd boosted its stake in shares of Park Hotels & Resorts by 64.8% in the 3rd quarter. Covestor Ltd now owns 6,894 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 2,711 shares during 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.