SAM Advisors LLC Buys 37,575 Shares of Park Hotels & Resorts Inc. $PK

SAM Advisors LLC boosted its stake in shares of Park Hotels & Resorts Inc. (NYSE:PK) by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,257 shares of the financial services provider’s stock after buying an additional 37,575 shares during the period. Park Hotels & Resorts makes up about 0.8% of SAM Advisors LLC’s investment portfolio, making the stock its 21st largest holding. SAM Advisors LLC’s holdings in Park Hotels & Resorts were worth $2,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PK. JPMorgan Chase & Co. increased its holdings in shares of Park Hotels & Resorts by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 3,634,643 shares of the financial services provider’s stock valued at $40,272,000 after acquiring an additional 636,049 shares in the last quarter. Private Management Group Inc. boosted its stake in Park Hotels & Resorts by 6.2% in the 3rd quarter. Private Management Group Inc. now owns 3,185,571 shares of the financial services provider’s stock worth $35,296,000 after purchasing an additional 186,713 shares in the last quarter. Citigroup Inc. grew its position in Park Hotels & Resorts by 13.9% during the 3rd quarter. Citigroup Inc. now owns 1,636,353 shares of the financial services provider’s stock valued at $18,131,000 after purchasing an additional 199,405 shares during the last quarter. SG Americas Securities LLC increased its stake in Park Hotels & Resorts by 223.9% during the 4th quarter. SG Americas Securities LLC now owns 762,261 shares of the financial services provider’s stock valued at $7,973,000 after purchasing an additional 526,901 shares in the last quarter. Finally, Matthew 25 Management Corp increased its stake in Park Hotels & Resorts by 368.0% during the 3rd quarter. Matthew 25 Management Corp now owns 475,000 shares of the financial services provider’s stock valued at $5,263,000 after purchasing an additional 373,500 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

PK has been the topic of several analyst reports. Wall Street Zen upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Morgan Stanley raised their price target on shares of Park Hotels & Resorts from $10.00 to $10.50 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald reissued a “neutral” rating and issued a $12.00 target price on shares of Park Hotels & Resorts in a report on Wednesday, May 13th. Truist Financial boosted their price target on Park Hotels & Resorts from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company upped their price target on Park Hotels & Resorts from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $12.15.

Park Hotels & Resorts Stock Up 3.1%

PK opened at $14.36 on Friday. 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 firm has a 50 day moving average price of $11.67 and a 200-day moving average price of $11.21. Park Hotels & Resorts Inc. has a twelve month low of $9.84 and a twelve month high of $14.54. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of -13.17, a PEG ratio of 1.90 and a beta of 1.37.

Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.33). Park Hotels & Resorts had a negative return on equity of 6.71% and a negative net margin of 8.49%.The company had revenue of $622.00 million during the quarter, compared to analysts’ expectations of $609.78 million. During the same quarter in the prior year, the business posted $0.46 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. Equities research analysts forecast that Park Hotels & Resorts Inc. will post 1.74 earnings per share for the current year.

Park Hotels & Resorts Announces Dividend

The company also recently declared 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 7.0%. The ex-dividend date is Tuesday, June 30th. Park Hotels & Resorts’s dividend payout ratio (DPR) is -91.74%.

Park Hotels & Resorts Profile

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.