Shares of Park Hotels & Resorts Inc (NYSE:PK) have earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.75.

Several research firms have recently commented on PK. Zacks Investment Research downgraded Park Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. SunTrust Banks reaffirmed a “buy” rating on shares of Park Hotels & Resorts in a research note on Friday, August 3rd. Barclays reaffirmed a “buy” rating on shares of Park Hotels & Resorts in a research note on Friday, August 3rd. Evercore ISI downgraded Park Hotels & Resorts from an “outperform” rating to an “in-line” rating in a research note on Monday, August 20th. Finally, Jefferies Financial Group set a $38.00 price objective on Park Hotels & Resorts and gave the stock a “buy” rating in a research note on Friday, August 3rd.

NYSE:PK traded up $0.14 on Wednesday, hitting $29.43. The stock had a trading volume of 2,204,225 shares, compared to its average volume of 1,739,367. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 2.11 and a beta of 0.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 1.79. Park Hotels & Resorts has a 52-week low of $23.91 and a 52-week high of $34.27.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. Park Hotels & Resorts had a return on equity of 8.41% and a net margin of 19.08%. The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $696.01 million. During the same quarter last year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities analysts forecast that Park Hotels & Resorts will post 2.86 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend was Thursday, September 27th. Park Hotels & Resorts’s dividend payout ratio (DPR) is currently 61.87%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in Park Hotels & Resorts by 1,216.7% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 576,343 shares of the financial services provider’s stock valued at $18,915,000 after purchasing an additional 532,572 shares during the period. Nisa Investment Advisors LLC raised its stake in Park Hotels & Resorts by 117.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 110,574 shares of the financial services provider’s stock valued at $3,629,000 after purchasing an additional 59,774 shares during the period. Raymond James Trust N.A. raised its stake in Park Hotels & Resorts by 53.5% during the 3rd quarter. Raymond James Trust N.A. now owns 12,450 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 4,339 shares during the period. First Hawaiian Bank bought a new stake in Park Hotels & Resorts during the 3rd quarter valued at approximately $250,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Park Hotels & Resorts by 8.5% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 206,089 shares of the financial services provider’s stock valued at $6,763,000 after purchasing an additional 16,232 shares during the period.

Park Hotels & Resorts Company Profile

Park is a leading lodging REIT with a diverse portfolio of hotels and resorts with significant underlying real estate value. Park's portfolio consists of 54 premium-branded hotels and resorts with over 32,000 rooms, a majority of which are located in prime United States markets with high barriers to entry.

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Analyst Recommendations for Park Hotels & Resorts (NYSE:PK)

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