Park Hotels & Resorts (NYSE:PK) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Park Hotels & Resorts (NYSE:PK) announced its quarterly earnings results on Thursday. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05, Zacks reports. The business had revenue of $629.00 million for the quarter, compared to analysts’ expectations of $621.79 million. Park Hotels & Resorts had a negative return on equity of 1.25% and a negative net margin of 0.47%.The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. Park Hotels & Resorts updated its FY 2026 guidance to 1.730-1.89 EPS.

Park Hotels & Resorts Price Performance

Shares of NYSE:PK traded down $0.03 on Thursday, reaching $11.40. 5,007,663 shares of the company traded hands, compared to its average volume of 4,149,423. The stock has a market capitalization of $2.28 billion, a PE ratio of -162.86 and a beta of 1.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50 day moving average is $11.11 and its 200-day moving average is $11.05. Park Hotels & Resorts has a fifty-two week low of $8.27 and a fifty-two week high of $13.20.

Insider Activity

In related news, Director Christie B. Kelly purchased 2,949 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were purchased at an average price of $11.19 per share, with a total value of $32,999.31. Following the purchase, the director owned 150,501 shares of the company’s stock, valued at $1,684,106.19. This trade represents a 2.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PK. Invesco Ltd. boosted its position in Park Hotels & Resorts by 28.2% during the fourth quarter. Invesco Ltd. now owns 2,260,448 shares of the financial services provider’s stock valued at $23,644,000 after purchasing an additional 497,665 shares during the last quarter. Caitlin John LLC raised its stake in shares of Park Hotels & Resorts by 4.6% during the 4th quarter. Caitlin John LLC now owns 24,774 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 1,100 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of Park Hotels & Resorts by 235.1% during the 4th quarter. XTX Topco Ltd now owns 75,431 shares of the financial services provider’s stock valued at $789,000 after buying an additional 52,924 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Park Hotels & Resorts by 135.9% in the 4th quarter. Voloridge Investment Management LLC now owns 51,968 shares of the financial services provider’s stock valued at $544,000 after buying an additional 29,942 shares in the last quarter. Finally, Virtus Investment Advisers LLC bought a new stake in shares of Park Hotels & Resorts in the 4th quarter valued at approximately $158,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PK shares. Truist Financial reduced their price objective on shares of Park Hotels & Resorts from $12.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their price target on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company decreased their price objective on shares of Park Hotels & Resorts from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, December 1st. Barclays assumed coverage on Park Hotels & Resorts in a research report on Tuesday, January 6th. They issued an “overweight” rating and a $13.00 target price for the company. Finally, Zacks Research lowered Park Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Park Hotels & Resorts presently has a consensus rating of “Reduce” and a consensus price target of $11.27.

Park Hotels & Resorts Company Profile

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.