Park Hotels & Resorts (NYSE: PK) has recently received a number of price target changes and ratings updates:

  • 8/8/2017 – Park Hotels & Resorts was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “Park Hotels & Resorts Inc. is a lodging Real Estate Company. The company operates luxury hotels and resorts in USA and international market. Park Hotels & Resorts Inc. is based in Mc Lean, Virginia. “
  • 8/4/2017 – Park Hotels & Resorts was given a new $29.00 price target on by analysts at Boenning Scattergood. They now have a “buy” rating on the stock.
  • 8/4/2017 – Park Hotels & Resorts had its price target lowered by analysts at Canaccord Genuity from $30.00 to $29.00. They now have a “buy” rating on the stock.
  • 7/25/2017 – Park Hotels & Resorts was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Park Hotels & Resorts Inc. is a lodging Real Estate Company. The company operates luxury hotels and resorts in USA and international market. Park Hotels & Resorts Inc. is based in Mc Lean, Virginia. “
  • 7/11/2017 – Park Hotels & Resorts was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “Park Hotels & Resorts Inc. is a lodging Real Estate Company. The company operates luxury hotels and resorts in USA and international market. Park Hotels & Resorts Inc. is based in Mc Lean, Virginia. “
  • 6/20/2017 – Park Hotels & Resorts had its price target raised by analysts at Cowen and Company from $61.00 to $70.00. They now have a “market perform” rating on the stock.
  • 6/20/2017 – Park Hotels & Resorts had its price target raised by analysts at Jefferies Group LLC from $58.00 to $69.00. They now have a “hold” rating on the stock.
  • 6/15/2017 – Park Hotels & Resorts is now covered by analysts at J P Morgan Chase & Co. They set an “overweight” rating and a $30.00 price target on the stock.

Shares of Park Hotels & Resorts Inc. (PK) traded up 0.50% on Friday, hitting $26.10. The stock had a trading volume of 940,282 shares. The firm has a 50 day moving average price of $26.87 and a 200 day moving average price of $26.56. Park Hotels & Resorts Inc. has a one year low of $24.65 and a one year high of $30.74. The company has a market capitalization of $5.61 billion and a P/E ratio of 2.24.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $733 million for the quarter, compared to the consensus estimate of $716.51 million. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that Park Hotels & Resorts Inc. will post $11.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.72 annualized dividend and a yield of 6.59%.

In other news, major shareholder Hlt Holdco Iii Prime Llc sold 15,000,000 shares of Park Hotels & Resorts stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $26.05, for a total value of $390,750,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen I. Sadove purchased 9,600 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was acquired at an average price of $25.97 per share, with a total value of $249,312.00. Following the completion of the transaction, the director now owns 20,151 shares of the company’s stock, valued at approximately $523,321.47. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

Park Hotels & Resorts Inc is a lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment, which includes all of its hotel properties. As of December 31, 2016, the Company’s portfolio consisted of 67 hotels and resorts with over 35,000 rooms located in the United States and international markets.

Receive News & Ratings for Park Hotels & Resorts Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Hotels & Resorts Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.