Park Hotels & Resorts Inc. $PK Shares Acquired by SAM Advisors LLC

SAM Advisors LLC lifted its holdings in Park Hotels & Resorts Inc. (NYSE:PK) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and 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 0.8% of SAM Advisors LLC’s holdings, making the stock its 21st biggest position. SAM Advisors LLC owned 0.12% of Park Hotels & Resorts worth $2,482,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PK. Danske Bank A S purchased a new stake in shares of Park Hotels & Resorts in the third quarter valued at approximately $25,000. Advisory Services Network LLC purchased a new stake in Park Hotels & Resorts in the 3rd quarter valued at $34,000. Clearstead Advisors LLC increased its stake in shares of Park Hotels & Resorts by 326.4% in the 3rd quarter. Clearstead Advisors LLC now owns 3,198 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 2,448 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Park Hotels & Resorts by 293.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,181 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 3,863 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Park Hotels & Resorts by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,844 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 1,464 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

PK has been the topic of a number of analyst reports. LADENBURG THALM/SH SH began coverage on shares of Park Hotels & Resorts in a research note on Thursday, March 26th. They set a “buy” rating and a $16.00 target price on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $12.00 price target on shares of Park Hotels & Resorts in a report on Wednesday, May 13th. Barclays lifted their target price on Park Hotels & Resorts from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Truist Financial upped their price objective on shares of Park Hotels & Resorts from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen raised Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $12.15.

Park Hotels & Resorts Stock Up 3.1%

PK stock opened at $14.36 on Friday. Park Hotels & Resorts Inc. has a fifty-two week low of $9.84 and a fifty-two week high of $14.54. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -13.17, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The business’s 50 day moving average price is $11.67 and its two-hundred day moving average price is $11.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.25 and a current ratio of 1.25.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.33). The firm had revenue of $622.00 million for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. As a group, analysts forecast that Park Hotels & Resorts Inc. will post 1.74 earnings per share for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Tuesday, June 30th. Park Hotels & Resorts’s dividend payout ratio (DPR) is presently -91.74%.

Park Hotels & Resorts Company 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.