Park Hotels & Resorts Inc. (NYSE:PK) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Park Hotels & Resorts Inc. (NYSE:PK) by 14.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,447 shares of the financial services provider’s stock after buying an additional 2,142 shares during the period. Natixis Advisors LLC’s holdings in Park Hotels & Resorts were worth $245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in Park Hotels & Resorts by 42.2% during the 4th quarter. Jones Financial Companies Lllp now owns 7,992 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 2,373 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Park Hotels & Resorts during the 3rd quarter valued at approximately $116,000. Plato Investment Management Ltd bought a new position in Park Hotels & Resorts during the fourth quarter worth $141,000. KBC Group NV lifted its stake in Park Hotels & Resorts by 36.2% during the fourth quarter. KBC Group NV now owns 10,023 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 2,663 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Park Hotels & Resorts during the fourth quarter worth about $146,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PK has been the subject of several recent research reports. StockNews.com lowered shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, February 21st. UBS Group dropped their price target on Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group cut their price objective on Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company cut their price target on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial lowered their target price on Park Hotels & Resorts from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Park Hotels & Resorts has an average rating of “Hold” and a consensus target price of $17.72.

Park Hotels & Resorts Trading Down 2.3 %

Shares of PK stock opened at $10.90 on Friday. The company has a market cap of $2.20 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.51 and a beta of 2.02. Park Hotels & Resorts Inc. has a 12 month low of $10.84 and a 12 month high of $17.87. The company has a quick ratio of 1.51, a current ratio of 1.19 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average is $12.48 and its two-hundred day moving average is $13.83.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $625.00 million during the quarter, compared to analyst estimates of $609.05 million. Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.16%. Equities analysts predict that Park Hotels & Resorts Inc. will post 2.11 EPS for the current year.

Park Hotels & Resorts Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.18%. Park Hotels & Resorts’s dividend payout ratio is currently 99.01%.

Park Hotels & Resorts Profile

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.