Park Hotels & Resorts (NYSE:PK) Sees Unusually-High Trading Volume – Should You Buy?

Park Hotels & Resorts Inc. (NYSE:PK) shares saw unusually-strong trading volume on Tuesday . Approximately 3,485,076 shares changed hands during trading, a decline of 14% from the previous session’s volume of 4,058,992 shares.The stock last traded at $11.2190 and had previously closed at $11.04.

Analysts Set New Price Targets

Several analysts have recently weighed in on PK shares. Barclays reaffirmed an “equal weight” rating and set a $9.00 price objective (down from $13.00) on shares of Park Hotels & Resorts in a report on Tuesday, April 7th. Cantor Fitzgerald raised their price objective on shares of Park Hotels & Resorts from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Wall Street Zen raised shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Weiss Ratings lowered shares of Park Hotels & Resorts from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Park Hotels & Resorts in a report on Thursday, March 26th. They set a “buy” rating and a $16.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.50.

Park Hotels & Resorts Trading Down 0.4%

The company has a quick ratio of 1.34, a current ratio of 1.25 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -10.25, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37. The business’s fifty day moving average is $10.92 and its two-hundred day moving average is $10.91.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.33). The company had revenue of $622.00 million during the quarter, compared to analyst estimates of $609.78 million. Park Hotels & Resorts had a negative net margin of 8.49% and a negative return on equity of 6.71%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. Equities analysts anticipate that Park Hotels & Resorts Inc. will post 1.74 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 Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.9%. Park Hotels & Resorts’s dividend payout ratio (DPR) is currently -91.74%.

Institutional Trading of Park Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of PK. Dimensional Fund Advisors LP boosted its stake in Park Hotels & Resorts by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,834,320 shares of the financial services provider’s stock valued at $29,847,000 after acquiring an additional 102,160 shares during the last quarter. Parallel Advisors LLC boosted its stake in Park Hotels & Resorts by 21.8% in the first quarter. Parallel Advisors LLC now owns 51,726 shares of the financial services provider’s stock valued at $545,000 after acquiring an additional 9,250 shares during the last quarter. Kera Capital Partners Inc. boosted its stake in Park Hotels & Resorts by 14.6% in the first quarter. Kera Capital Partners Inc. now owns 19,596 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 2,491 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Park Hotels & Resorts in the first quarter valued at approximately $114,000. Finally, Principal Financial Group Inc. boosted its stake in Park Hotels & Resorts by 3.7% in the first quarter. Principal Financial Group Inc. now owns 445,810 shares of the financial services provider’s stock valued at $4,694,000 after acquiring an additional 16,036 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

About Park Hotels & Resorts

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.