Cantor Fitzgerald Reiterates Neutral Rating for Park Hotels & Resorts (NYSE:PK)

Park Hotels & Resorts (NYSE:PK)‘s stock had its “neutral” rating restated by stock analysts at Cantor Fitzgerald in a report issued on Wednesday,Benzinga reports. They presently have a $12.00 target price on the financial services provider’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 9.34% from the stock’s previous close.

Several other equities analysts have also commented on PK. Barclays reaffirmed an “equal weight” rating and issued a $9.00 price target (down from $13.00) on shares of Park Hotels & Resorts in a research note on Tuesday, April 7th. JPMorgan Chase & Co. boosted their price objective on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, February 3rd. Wall Street Zen raised shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Zacks Research raised shares of Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, LADENBURG THALM/SH SH started coverage on shares of Park Hotels & Resorts in a research report on Thursday, March 26th. They set a “buy” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $11.55.

Park Hotels & Resorts Stock Down 0.5%

Shares of NYSE PK opened at $10.98 on Wednesday. The company has a market capitalization of $2.21 billion, a P/E ratio of -10.07, a P/E/G ratio of 1.51 and a beta of 1.37. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50 day simple moving average of $10.90 and a 200-day simple moving average of $10.91. Park Hotels & Resorts has a 1 year low of $9.84 and a 1 year high of $12.39.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data 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 business 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 company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. On average, equities research analysts predict that Park Hotels & Resorts will post 1.74 earnings per share for the current year.

Hedge Funds Weigh In On Park Hotels & Resorts

Hedge funds have recently bought and sold shares of the company. Donald Smith & CO. Inc. grew its position in Park Hotels & Resorts by 14.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 14,617,921 shares of the financial services provider’s stock valued at $152,903,000 after acquiring an additional 1,813,338 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Park Hotels & Resorts by 1.6% during the third quarter. Bank of America Corp DE now owns 13,074,474 shares of the financial services provider’s stock worth $144,865,000 after purchasing an additional 203,922 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Park Hotels & Resorts by 76.7% in the second quarter. AQR Capital Management LLC now owns 7,744,912 shares of the financial services provider’s stock valued at $79,230,000 after purchasing an additional 3,361,382 shares during the period. Sculptor Capital LP grew its stake in Park Hotels & Resorts by 154.1% during the 2nd quarter. Sculptor Capital LP now owns 6,534,153 shares of the financial services provider’s stock worth $66,844,000 after purchasing an additional 3,962,304 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Park Hotels & Resorts by 29.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,447,474 shares of the financial services provider’s stock worth $49,278,000 after purchasing an additional 1,023,400 shares during the period. 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.