Park Hotels & Resorts (PK) Earns Coverage Optimism Score of 0.17
Headlines about Park Hotels & Resorts (NYSE:PK) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Park Hotels & Resorts earned a news impact score of 0.17 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.2975081785366 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Park Hotels & Resorts (PK) opened at 27.74 on Friday. The firm has a market capitalization of $5.96 billion and a P/E ratio of 2.38. Park Hotels & Resorts has a 12 month low of $25.40 and a 12 month high of $30.74. The stock has a 50 day moving average price of $27.38 and a 200 day moving average price of $27.38.
Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.04. The firm had revenue of $733.00 million during the quarter, compared to the consensus estimate of $716.51 million. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts expect that Park Hotels & Resorts will post $12.02 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.43 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.20%.
Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Park Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Boenning Scattergood set a $29.00 target price on shares of Park Hotels & Resorts and gave the stock a “buy” rating in a research report on Friday, August 4th. Canaccord Genuity lowered their target price on shares of Park Hotels & Resorts from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. J P Morgan Chase & Co assumed coverage on shares of Park Hotels & Resorts in a research report on Thursday, June 15th. They set an “overweight” rating and a $30.00 target price on the stock. Finally, Cowen and Company increased their target price on shares of Park Hotels & Resorts from $61.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 20th. Ten 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 a consensus rating of “Hold” and a consensus target price of $34.80.
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In other news, Director Stephen I. Sadove bought 9,600 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were bought at an average cost of $25.97 per share, with a total value of $249,312.00. Following the acquisition, the director now owns 20,151 shares in the company, valued at $523,321.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by corporate insiders.
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.
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