Park Hotels & Resorts Inc. (PK) – What Are Brokerages Thinking About This Stock?

Park Hotels & Resorts Inc. (NYSE:PK) has been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $16.64.

A number of brokerages have recently weighed in on PK. Cantor Fitzgerald raised their price objective on Park Hotels & Resorts from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Wells Fargo & Company boosted their target price on Park Hotels & Resorts from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday. Weiss Ratings upgraded Park Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. UBS Group raised Park Hotels & Resorts from a “neutral” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Truist Financial raised their price target on Park Hotels & Resorts from $13.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, September 10th.

Park Hotels & Resorts Price Performance

Shares of NYSE:PK opened at $16.57 on Tuesday. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of -19.96 and a beta of 1.36. The firm has a fifty day moving average price of $15.51 and a 200 day moving average price of $13.09. Park Hotels & Resorts has a fifty-two week low of $9.84 and a fifty-two week high of $17.14. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.53 and a current ratio of 1.53.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $680.00 million for the quarter, compared to the consensus estimate of $659.68 million. Park Hotels & Resorts had a negative net margin of 6.41% and a negative return on equity of 5.23%. Park Hotels & Resorts’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, sell-side analysts expect that Park Hotels & Resorts will post 1.87 earnings per share for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Wednesday, September 30th. Park Hotels & Resorts’s dividend payout ratio is -120.48%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Park Hotels & Resorts in the second quarter worth $444,311,000. Donald Smith & CO. Inc. bought a new position in Park Hotels & Resorts during the second quarter valued at $207,120,000. Bank of America Corp DE bought a new position in Park Hotels & Resorts during the second quarter valued at $136,488,000. Dimensional Fund Advisors LP grew its stake in shares of Park Hotels & Resorts by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,834,320 shares of the financial services provider’s stock worth $29,847,000 after buying an additional 102,160 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Park Hotels & Resorts by 58.8% in the 1st quarter. Quantinno Capital Management LP now owns 2,075,796 shares of the financial services provider’s stock worth $21,858,000 after buying an additional 768,369 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc (NYSE: PK) is a real estate investment trust focused on owning and operating hotels and resorts. The company’s portfolio includes full-service properties in major business and leisure destinations, with hotels operating under Hilton brands as well as other nationally recognized and independent brands.

Park’s properties provide lodging, food and beverage, meeting and event facilities, and other hospitality services. Its hotels are located primarily in the United States, including gateway cities, convention markets, and resort destinations.

Park Hotels & Resorts was formed in 2017 through a spin-off from Hilton Worldwide Holdings.