Park Hotels & Resorts Inc. (NYSE:PK) Receives $17.25 Average PT from Analysts

Park Hotels & Resorts Inc. (NYSE:PK) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $17.25.

A number of analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Wedbush restated a “neutral” rating and issued a $17.00 target price on shares of Park Hotels & Resorts in a research note on Tuesday, May 28th. Evercore ISI reduced their price target on shares of Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Barclays boosted their price objective on Park Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, May 24th. Finally, Truist Financial cut their price objective on Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PK. Fidelis Capital Partners LLC bought a new stake in Park Hotels & Resorts in the first quarter valued at $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of Park Hotels & Resorts in the 4th quarter worth about $35,000. YHB Investment Advisors Inc. bought a new stake in Park Hotels & Resorts in the 1st quarter valued at about $40,000. Quarry LP boosted its stake in Park Hotels & Resorts by 82.1% during the 2nd quarter. Quarry LP now owns 4,118 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,857 shares during the period. Finally, FinTrust Capital Advisors LLC grew its position in Park Hotels & Resorts by 260.5% in the 1st quarter. FinTrust Capital Advisors LLC now owns 5,076 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 3,668 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Park Hotels & Resorts Stock Down 0.8 %

Shares of NYSE PK opened at $13.67 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.58 and a current ratio of 1.58. Park Hotels & Resorts has a 1 year low of $11.05 and a 1 year high of $18.05. The stock’s 50-day simple moving average is $14.54 and its 200-day simple moving average is $15.66. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 0.68 and a beta of 2.02.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.30). Park Hotels & Resorts had a net margin of 11.50% and a return on equity of 8.77%. The business had revenue of $686.00 million for the quarter, compared to analyst estimates of $694.94 million. As a group, equities analysts anticipate that Park Hotels & Resorts will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.32%. The ex-dividend date of this dividend is Monday, September 30th. Park Hotels & Resorts’s dividend payout ratio (DPR) is 227.28%.

Park Hotels & Resorts Company Profile

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.