Park Hotels & Resorts (NYSE:PK) Issues FY 2026 Earnings Guidance

Park Hotels & Resorts (NYSE:PK) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.740-1.900 for the period, compared to the consensus earnings per share estimate of 1.760. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

PK has been the subject of several research analyst reports. Morgan Stanley set a $10.00 price target on shares of Park Hotels & Resorts in a research note on Friday, January 16th. Wall Street Zen upgraded Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Cantor Fitzgerald lifted their target price on Park Hotels & Resorts from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Zacks Research upgraded Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Finally, 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. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.

Park Hotels & Resorts Stock Up 1.2%

Shares of NYSE PK traded up $0.14 during midday trading on Thursday, reaching $11.48. 5,947,268 shares of the company’s stock traded hands, compared to its average volume of 3,806,054. The company has a market cap of $2.31 billion, a price-to-earnings ratio of -8.02 and a beta of 1.39. The stock’s 50 day simple moving average is $10.92 and its 200-day simple moving average is $10.90. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.25. Park Hotels & Resorts has a one year low of $9.84 and a one year high of $12.39.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Park Hotels & Resorts had a negative net margin of 11.14% and a negative return on equity of 8.56%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. On average, analysts predict that Park Hotels & Resorts will post 1.76 EPS for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.25 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.7%. Park Hotels & Resorts’s dividend payout ratio (DPR) is currently -69.93%.

Institutional Investors Weigh In On Park Hotels & Resorts

A number of hedge funds have recently made changes to their positions in PK. Principal Securities Inc. grew its stake in Park Hotels & Resorts by 9.5% in the fourth quarter. Principal Securities Inc. now owns 10,684 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 927 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Park Hotels & Resorts by 0.5% during the second quarter. California State Teachers Retirement System now owns 192,452 shares of the financial services provider’s stock valued at $1,969,000 after buying an additional 968 shares during the last quarter. Caitlin John LLC lifted its position in shares of Park Hotels & Resorts by 4.6% during the fourth quarter. Caitlin John LLC now owns 24,774 shares of the financial services provider’s stock valued at $259,000 after buying an additional 1,100 shares during the last quarter. Pitcairn Co. boosted its holdings in shares of Park Hotels & Resorts by 13.7% in the 2nd quarter. Pitcairn Co. now owns 15,029 shares of the financial services provider’s stock valued at $154,000 after buying an additional 1,814 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of Park Hotels & Resorts by 10.1% in the 1st quarter. Empowered Funds LLC now owns 22,380 shares of the financial services provider’s stock worth $239,000 after buying an additional 2,058 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

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.