Park Hotels & Resorts Inc. (NYSE:PK) Shares Will Pay Quarterly Dividend of $0.25

Park Hotels & Resorts Inc. (NYSE:PK) declared a quarterly dividend on Friday, July 31st. Investors of record on Wednesday, September 30th will be paid a dividend of $0.25 per share by the financial services provider on Thursday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

Park Hotels & Resorts has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. Park Hotels & Resorts has a dividend payout ratio of 172.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Park Hotels & Resorts to earn $1.83 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 54.6%.

Park Hotels & Resorts Trading Up 0.2%

NYSE PK opened at $15.46 on Monday. Park Hotels & Resorts has a 52 week low of $9.84 and a 52 week high of $16.20. The firm has a 50 day moving average of $15.20 and a two-hundred day moving average of $13.29. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $3.11 billion, a PE ratio of -18.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $659.68 million. Park Hotels & Resorts had a negative net margin of 6.41% and a negative return on equity of 5.23%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, research analysts expect that Park Hotels & Resorts will post 1.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PK has been the topic of several research analyst reports. Raymond James Financial set a $19.00 target price on Park Hotels & Resorts and gave the stock a “strong-buy” rating in a research report on Monday. UBS Group raised shares of Park Hotels & Resorts from a “neutral” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Park Hotels & Resorts from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $18.00 price objective on shares of Park Hotels & Resorts in a research note on Friday, August 14th. Finally, Wells Fargo & Company raised Park Hotels & Resorts to a “hold” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.33.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc (NYSE:PK) is a lodging real estate investment trust that owns and invests in a portfolio of hotels and resorts across the United States. The company’s properties are generally located in prominent business, convention and leisure destinations and operate under well-known hospitality brands, including Hilton, Marriott and Hyatt.

Park Hotels & Resorts generates revenue primarily through the operation of its hotel properties, which provide lodging, food and beverage, meeting and event space, and other guest services.