Traders Purchase Large Volume of Put Options on Park Hotels & Resorts (NYSE:PK)

Park Hotels & Resorts Inc. (NYSE:PK) saw unusually large options trading activity on Monday. Traders acquired 3,901 put options on the stock. This is an increase of approximately 549% compared to the typical volume of 601 put options.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Cantor Fitzgerald boosted their target price on Park Hotels & Resorts from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. BMO Capital Markets raised Park Hotels & Resorts from a “market perform” rating to an “outperform” rating and raised their price target for the company from $14.00 to $18.00 in a report on Tuesday, September 1st. Truist Financial lifted their price objective on Park Hotels & Resorts from $13.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $18.00 price objective on shares of Park Hotels & Resorts in a research report on Friday, August 14th. Finally, Raymond James Financial raised Park Hotels & Resorts from a “market perform” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.91.

Institutional Investors Weigh In On Park Hotels & Resorts

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Park Hotels & Resorts in the second quarter valued at approximately $25,000. Fifth Third Bancorp boosted its position in shares of Park Hotels & Resorts by 68.8% during the first quarter. Fifth Third Bancorp now owns 2,604 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,061 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Park Hotels & Resorts by 263.2% during the first quarter. North Star Investment Management Corp. now owns 6,210 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 4,500 shares in the last quarter. Nykredit A S bought a new position in shares of Park Hotels & Resorts during the second quarter worth $67,000. Finally, IFP Advisors Inc grew its holdings in shares of Park Hotels & Resorts by 182.5% in the 2nd quarter. IFP Advisors Inc now owns 5,065 shares of the financial services provider’s stock valued at $72,000 after buying an additional 3,272 shares during the period. Institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Trading Down 0.6%

PK opened at $15.49 on Wednesday. Park Hotels & Resorts has a 1-year low of $9.84 and a 1-year high of $16.20. The stock has a market capitalization of $3.12 billion, a PE ratio of -18.68 and a beta of 1.36. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average price of $15.28 and a two-hundred day moving average price of $13.70.

Park Hotels & Resorts (NYSE:PK) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Park Hotels & Resorts had a negative net margin of 6.41% and a negative return on equity of 5.23%. The company had revenue of $680.00 million for the quarter, compared to analyst estimates of $659.68 million. During the same period in the prior year, the business earned $0.64 earnings per share. Park Hotels & Resorts’s quarterly revenue was up 1.2% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, equities analysts anticipate that Park Hotels & Resorts will post 1.86 earnings per share for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Park Hotels & Resorts’s dividend payout ratio (DPR) is -120.48%.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc (NYSE:PK) is a real estate investment trust that owns and leases a portfolio of hotels and resorts. The company focuses primarily on upper-upscale and luxury properties in high-demand business and leisure destinations.

Park’s portfolio includes full-service hotels operating under well-known hospitality brands, including Hilton, Hyatt and Marriott, as well as independent properties. Its hotels provide lodging, food and beverage, meeting and event facilities, resort amenities and other guest services.

Park Hotels & Resorts was formed in 2016 and became an independent, publicly traded company in 2017 after being spun off from Hilton Worldwide Holdings.