Park Hotels & Resorts Inc. (NYSE:PK) Given Consensus Rating of “Reduce” by Analysts

Park Hotels & Resorts Inc. (NYSE:PK) has earned a consensus rating of “Reduce” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.9545.

PK has been the subject of a number of recent research reports. LADENBURG THALM/SH SH boosted their target price on Park Hotels & Resorts from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Wells Fargo & Company boosted their target price on Park Hotels & Resorts from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, June 18th. Truist Financial boosted their target price on Park Hotels & Resorts from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Tuesday, May 26th. Wall Street Zen raised Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Barclays boosted their target price on Park Hotels & Resorts from $9.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PK. Amundi increased its holdings in Park Hotels & Resorts by 1.9% during the 1st quarter. Amundi now owns 115,143 shares of the financial services provider’s stock valued at $1,119,000 after purchasing an additional 2,179 shares during the period. Millennium Management LLC increased its holdings in Park Hotels & Resorts by 849.3% during the 1st quarter. Millennium Management LLC now owns 523,851 shares of the financial services provider’s stock valued at $5,595,000 after purchasing an additional 468,668 shares during the period. United Services Automobile Association purchased a new position in Park Hotels & Resorts during the 1st quarter valued at about $152,000. Empowered Funds LLC increased its holdings in Park Hotels & Resorts by 10.1% during the 1st quarter. Empowered Funds LLC now owns 22,380 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 2,058 shares during the period. Finally, Focus Partners Wealth increased its holdings in Park Hotels & Resorts by 30.6% during the 1st quarter. Focus Partners Wealth now owns 18,646 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 4,374 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Trading Down 1.0%

Shares of PK stock opened at $14.43 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average price of $12.30 and a two-hundred day moving average price of $11.42. Park Hotels & Resorts has a 12-month low of $9.84 and a 12-month high of $14.95. The firm has a market cap of $2.91 billion, a P/E ratio of -13.24, a price-to-earnings-growth ratio of 1.96 and a beta of 1.37.

Park Hotels & Resorts (NYSE:PK) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.33). Park Hotels & Resorts had a negative net margin of 8.49% and a negative return on equity of 6.71%. The company had revenue of $622.00 million during the quarter, compared to the consensus estimate of $609.78 million. During the same period last year, the firm posted $0.46 EPS. The company’s revenue was down 1.3% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. Equities analysts anticipate that Park Hotels & Resorts will post 1.76 EPS for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Park Hotels & Resorts’s payout ratio is -91.74%.

About Park Hotels & Resorts

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company’s primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.