Park Hotels & Resorts Inc (NYSE:PK) Receives $32.57 Consensus PT from Analysts

Share on StockTwits

Park Hotels & Resorts Inc (NYSE:PK) has received an average recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $32.63.

PK has been the subject of a number of recent analyst reports. Zacks Investment Research raised Park Hotels & Resorts from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, March 6th. Barclays reissued a “buy” rating and issued a $35.00 price objective on shares of Park Hotels & Resorts in a research report on Sunday, March 3rd. Deutsche Bank set a $34.00 price objective on Park Hotels & Resorts and gave the stock a “hold” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. set a $29.00 price objective on Park Hotels & Resorts and gave the stock a “hold” rating in a research report on Thursday, February 28th. Finally, Nomura raised their price objective on Park Hotels & Resorts from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th.

Institutional investors and hedge funds have recently modified their holdings of the business. Cohen & Steers Inc. lifted its holdings in shares of Park Hotels & Resorts by 18.9% in the 4th quarter. Cohen & Steers Inc. now owns 23,422,923 shares of the financial services provider’s stock valued at $608,528,000 after buying an additional 3,721,425 shares during the period. BlackRock Inc. increased its stake in shares of Park Hotels & Resorts by 14.0% in the 1st quarter. BlackRock Inc. now owns 21,489,474 shares of the financial services provider’s stock valued at $667,891,000 after purchasing an additional 2,635,511 shares in the last quarter. AJO LP increased its stake in shares of Park Hotels & Resorts by 97.7% in the 1st quarter. AJO LP now owns 4,199,461 shares of the financial services provider’s stock valued at $130,519,000 after purchasing an additional 2,075,172 shares in the last quarter. Norges Bank purchased a new position in shares of Park Hotels & Resorts in the 4th quarter valued at about $50,442,000. Finally, Vanguard Group Inc increased its stake in shares of Park Hotels & Resorts by 3.8% in the 3rd quarter. Vanguard Group Inc now owns 30,594,200 shares of the financial services provider’s stock valued at $1,004,101,000 after purchasing an additional 1,107,521 shares in the last quarter.

PK opened at $27.10 on Monday. The business’s fifty day moving average price is $28.82. The stock has a market cap of $5.55 billion, a P/E ratio of 9.16, a P/E/G ratio of 2.37 and a beta of 1.38. Park Hotels & Resorts has a 52 week low of $25.30 and a 52 week high of $34.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.43 and a quick ratio of 1.43.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Park Hotels & Resorts had a return on equity of 7.38% and a net margin of 15.32%. The business had revenue of $659.00 million for the quarter, compared to the consensus estimate of $655.79 million. During the same period last year, the business posted $0.65 EPS. The business’s revenue was down 1.3% compared to the same quarter last year. Equities analysts anticipate that Park Hotels & Resorts will post 2.96 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.80 dividend on an annualized basis and a yield of 6.64%. Park Hotels & Resorts’s dividend payout ratio is currently 60.81%.

About Park Hotels & Resorts

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 52 premium-branded hotels and resorts with over 30,000 rooms, a substantial portion of which are located in prime United States markets with high barriers to entry.

Featured Story: Growth Stocks, What They Are, What They Are Not

Analyst Recommendations for Park Hotels & Resorts (NYSE:PK)

Receive News & Ratings for Park Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Chorus Aviation Inc  Plans Monthly Dividend of $0.04
Chorus Aviation Inc Plans Monthly Dividend of $0.04
Custodian REIT PLC  Declares GBX 1.66 Dividend
Custodian REIT PLC Declares GBX 1.66 Dividend
CSI Compressco LP  Declares $0.01 Quarterly Dividend
CSI Compressco LP Declares $0.01 Quarterly Dividend
INVESTEC Ltd/ADR Declares Semi-Annual Dividend of $0.24
INVESTEC Ltd/ADR Declares Semi-Annual Dividend of $0.24
Crombie Real Estate Investment Trust to Issue Monthly Dividend of $0.07
Crombie Real Estate Investment Trust to Issue Monthly Dividend of $0.07
HealthStream  Issues  Earnings Results
HealthStream Issues Earnings Results


© 2006-2019 Ticker Report