Park Hotels & Resorts Inc. (NYSE:PK) Receives $11.55 Average Price Target from Analysts

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have earned an average recommendation of “Reduce” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $11.65.

A number of equities analysts have commented on PK shares. Zacks Research upgraded shares of Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Barclays reiterated an “equal weight” rating and issued a $9.00 target price (down from $13.00) on shares of Park Hotels & Resorts in a report on Tuesday, April 7th. Wall Street Zen upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $12.00 target price on shares of Park Hotels & Resorts in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of Park Hotels & Resorts from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th.

Park Hotels & Resorts Stock Performance

Shares of Park Hotels & Resorts stock opened at $12.14 on Friday. The company has a market capitalization of $2.44 billion, a PE ratio of -11.13, a P/E/G ratio of 1.64 and a beta of 1.37. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day simple moving average of $11.01 and a two-hundred day simple moving average of $10.96. Park Hotels & Resorts has a one year low of $9.84 and a one year high of $12.43.

Park Hotels & Resorts (NYSE:PK) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.33). The firm had revenue of $622.00 million during the quarter, compared to the consensus estimate of $609.78 million. Park Hotels & Resorts had a negative return on equity of 6.71% and a negative net margin of 8.49%.The business’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 posted $0.46 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. Research analysts expect that Park Hotels & Resorts will post 1.74 EPS for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Park Hotels & Resorts’s dividend payout ratio (DPR) is presently -91.74%.

Hedge Funds Weigh In On Park Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of PK. Danske Bank A S purchased a new position in shares of Park Hotels & Resorts in the 3rd quarter valued at approximately $25,000. Fifth Third Bancorp raised its position in shares of Park Hotels & Resorts by 68.8% in the 1st quarter. Fifth Third Bancorp now owns 2,604 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,061 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Park Hotels & Resorts in the 3rd quarter valued at approximately $34,000. Clearstead Advisors LLC raised its position 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 valued at $35,000 after purchasing an additional 2,448 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Park Hotels & Resorts by 293.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,181 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 3,863 shares during 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 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.