Shares of Park Hotels & Resorts Inc. (NYSE:PK – Get Free Report) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $17.75.
Several research analysts have commented on PK shares. StockNews.com raised Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Evercore ISI reduced their target price on Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday. Barclays increased their target price on shares of Park Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. Truist Financial dropped their price target on shares of Park Hotels & Resorts from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. Finally, Wedbush reiterated a “neutral” rating and set a $17.00 price objective on shares of Park Hotels & Resorts in a research report on Tuesday, May 28th.
Institutional Inflows and Outflows
Park Hotels & Resorts Price Performance
Shares of PK opened at $13.92 on Friday. The business has a 50-day simple moving average of $14.70 and a two-hundred day simple moving average of $15.78. Park Hotels & Resorts has a 12-month low of $11.05 and a 12-month high of $18.05. The stock has a market cap of $2.93 billion, a PE ratio of 31.64, a PEG ratio of 0.67 and a beta of 2.03. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.23.
Park Hotels & Resorts Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend is Monday, September 30th. Park Hotels & Resorts’s payout ratio is currently 227.27%.
Park Hotels & Resorts Company Profile
Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.
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