Boenning Scattergood restated their buy rating on shares of Park Hotels & Resorts Inc. (NYSE:PK) in a research report report published on Monday. Boenning Scattergood also issued estimates for Park Hotels & Resorts’ Q1 2018 earnings at $0.65 EPS, Q2 2018 earnings at $0.83 EPS, Q3 2018 earnings at $0.65 EPS and Q4 2018 earnings at $0.65 EPS.

“We reiterate our Outperform rating on PK as the stock trades at a discount to estimated NAV and has solid momentum going into 2018. Key Points: In-Line FFO Results – PK reported third quarter adjusted FFO of $0.66 per share, in-line with the B&S estimate and a penny above consensus. Adjusted FFO was $141 million, a 6.8% increase compared to same quarter last year.”,” Boenning Scattergood’s analyst wrote.

PK has been the topic of a number of other reports. Zacks Investment Research lowered Park Hotels & Resorts from a buy rating to a hold rating in a report on Tuesday, July 25th. Canaccord Genuity decreased their target price on Park Hotels & Resorts from $30.00 to $29.00 and set a buy rating on the stock in a report on Friday, August 4th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $34.87.

Park Hotels & Resorts (NYSE:PK) traded down $0.01 during mid-day trading on Monday, hitting $29.25. The company had a trading volume of 1,576,038 shares, compared to its average volume of 1,170,000. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.50. Park Hotels & Resorts has a 1-year low of $24.65 and a 1-year high of $33.40.

Park Hotels & Resorts (NYSE:PK) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The business had revenue of $688.00 million for the quarter, compared to analyst estimates of $676.76 million. Park Hotels & Resorts had a return on equity of 49.04% and a net margin of 75.91%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. equities analysts forecast that Park Hotels & Resorts will post 2.75 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Park Hotels & Resorts by 15.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,577,650 shares of the financial services provider’s stock valued at $608,693,000 after acquiring an additional 2,963,035 shares during the period. BlackRock Inc. lifted its position in shares of Park Hotels & Resorts by 57.5% during the 2nd quarter. BlackRock Inc. now owns 9,743,370 shares of the financial services provider’s stock valued at $262,679,000 after acquiring an additional 3,558,810 shares during the period. Cbre Clarion Securities LLC lifted its position in shares of Park Hotels & Resorts by 883.4% during the 2nd quarter. Cbre Clarion Securities LLC now owns 6,037,093 shares of the financial services provider’s stock valued at $162,760,000 after acquiring an additional 5,423,181 shares during the period. Lasalle Investment Management Securities LLC lifted its position in shares of Park Hotels & Resorts by 0.7% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 4,607,476 shares of the financial services provider’s stock valued at $124,218,000 after acquiring an additional 32,606 shares during the period. Finally, Southeastern Asset Management Inc. TN bought a new stake in shares of Park Hotels & Resorts during the 2nd quarter valued at $110,520,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

About Park Hotels & Resorts

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.

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

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