Shares of Park Hotels & Resorts Inc (NYSE:PK) have been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $27.89.

Several equities analysts have recently issued reports on PK shares. Barclays reissued an “overweight” rating and set a $30.00 target price on shares of Park Hotels & Resorts in a research note on Friday, September 27th. Nomura reissued a “buy” rating on shares of Park Hotels & Resorts in a research note on Sunday, December 22nd. Raymond James cut Park Hotels & Resorts from an “outperform” rating to a “market perform” rating and set a $26.00 target price on the stock. in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $23.00 target price on shares of Park Hotels & Resorts in a research note on Tuesday, September 24th. Finally, BMO Capital Markets started coverage on Park Hotels & Resorts in a research note on Wednesday, October 16th. They set a “market perform” rating and a $25.00 target price on the stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its position in shares of Park Hotels & Resorts by 12.4% during the second quarter. Morgan Stanley now owns 789,894 shares of the financial services provider’s stock valued at $21,770,000 after purchasing an additional 87,318 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Park Hotels & Resorts by 39.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 338,099 shares of the financial services provider’s stock worth $8,442,000 after acquiring an additional 95,750 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in Park Hotels & Resorts by 29.7% in the third quarter. Pictet Asset Management Ltd. now owns 48,384 shares of the financial services provider’s stock worth $1,208,000 after acquiring an additional 11,084 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Park Hotels & Resorts by 8.3% in the third quarter. CIBC Asset Management Inc now owns 10,734 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 823 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in Park Hotels & Resorts in the third quarter worth $29,000.

Park Hotels & Resorts stock traded up $0.39 during trading hours on Friday, reaching $24.56. The company had a trading volume of 2,029,441 shares, compared to its average volume of 2,336,414. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 1.32. Park Hotels & Resorts has a 12-month low of $21.68 and a 12-month high of $33.02. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 2.26 and a beta of 1.33. The company has a 50-day moving average price of $24.86 and a 200 day moving average price of $24.70.

Park Hotels & Resorts (NYSE:PK) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.64). Park Hotels & Resorts had a net margin of 8.71% and a return on equity of 4.09%. The business had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $658.27 million. As a group, research analysts expect that Park Hotels & Resorts will post 2.77 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.55 per share. The ex-dividend date is Monday, December 30th. This is a positive change from Park Hotels & Resorts’s previous quarterly dividend of $0.45. This represents a $2.20 annualized dividend and a dividend yield of 8.96%. Park Hotels & Resorts’s payout ratio is currently 74.32%.

About Park Hotels & Resorts

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 52 premium-branded hotels and resorts with over 30,000 rooms, a substantial portion 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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