Park Hotels & Resorts Inc. (NYSE:PK) Receives Average Recommendation of “Moderate Buy” from Analysts

Park Hotels & Resorts Inc. (NYSE:PK) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are covering the firm, Marketbeat reports. Five 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 issued ratings on the stock in the last year is $18.15.

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their target price on Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Jefferies Financial Group dropped their price objective on Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. StockNews.com downgraded shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company lowered their price target on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th.

Institutional Investors Weigh In On Park Hotels & Resorts

Several large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Park Hotels & Resorts in the 3rd quarter valued at $33,000. Quarry LP bought a new stake in shares of Park Hotels & Resorts in the fourth quarter worth about $35,000. GF Fund Management CO. LTD. acquired a new stake in shares of Park Hotels & Resorts during the fourth quarter worth about $53,000. Venturi Wealth Management LLC lifted its holdings in shares of Park Hotels & Resorts by 281.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,850 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 2,841 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Park Hotels & Resorts by 38.4% during the 4th quarter. Quadrant Capital Group LLC now owns 4,814 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 1,335 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Trading Down 2.2 %

Shares of PK opened at $12.01 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.51 and a current ratio of 1.19. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.51 and a beta of 2.00. The stock has a fifty day moving average price of $13.45 and a two-hundred day moving average price of $14.24. Park Hotels & Resorts has a 52-week low of $11.95 and a 52-week high of $18.05.

Park Hotels & Resorts (NYSE:PK) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.16%. The company had revenue of $625.00 million for the quarter, compared to analyst estimates of $609.05 million. Analysts predict that Park Hotels & Resorts will post 2.11 EPS for the current fiscal year.

Park Hotels & Resorts Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.33%. The ex-dividend date is Monday, March 31st. Park Hotels & Resorts’s payout ratio is 99.01%.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.