Pensionfund PDN Purchases New Position in Park Hotels & Resorts Inc. $PK

Pensionfund PDN acquired a new position in shares of Park Hotels & Resorts Inc. (NYSE:PK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 52,038 shares of the financial services provider’s stock, valued at approximately $544,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Capital Fund Management S.A. lifted its stake in shares of Park Hotels & Resorts by 39.1% in the 2nd quarter. Capital Fund Management S.A. now owns 370,803 shares of the financial services provider’s stock valued at $3,793,000 after acquiring an additional 104,307 shares during the last quarter. SAM Advisors LLC acquired a new stake in shares of Park Hotels & Resorts during the 3rd quarter valued at $2,212,000. JPMorgan Chase & Co. grew its position in Park Hotels & Resorts by 21.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,634,643 shares of the financial services provider’s stock worth $40,272,000 after acquiring an additional 636,049 shares during the last quarter. Citigroup Inc. grew its position in Park Hotels & Resorts by 13.9% during the 3rd quarter. Citigroup Inc. now owns 1,636,353 shares of the financial services provider’s stock worth $18,131,000 after acquiring an additional 199,405 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Park Hotels & Resorts by 370.3% in the 2nd quarter. Squarepoint Ops LLC now owns 432,535 shares of the financial services provider’s stock worth $4,425,000 after purchasing an additional 340,568 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Price Performance

Park Hotels & Resorts stock opened at $10.46 on Tuesday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -7.31 and a beta of 1.40. Park Hotels & Resorts Inc. has a 52-week low of $8.27 and a 52-week high of $12.39. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s 50 day moving average price is $11.12 and its two-hundred day moving average price is $11.00.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data on Thursday, February 19th. The financial services provider reported ($1.04) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($1.50). Park Hotels & Resorts had a negative net margin of 11.14% and a negative return on equity of 8.56%. The company had revenue of $629.00 million during the quarter, compared to the consensus estimate of $621.79 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s revenue was up .6% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. On average, equities analysts predict that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current year.

Park Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.6%. Park Hotels & Resorts’s dividend payout ratio is currently -69.93%.

Insider Buying and Selling at Park Hotels & Resorts

In other news, Director Christie B. Kelly acquired 2,949 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was purchased at an average price of $11.19 per share, for a total transaction of $32,999.31. Following the completion of the acquisition, the director directly owned 150,501 shares in the company, valued at $1,684,106.19. The trade was a 2.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

PK has been the subject of several research reports. Truist Financial dropped their target price on Park Hotels & Resorts from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, February 3rd. Barclays assumed coverage on Park Hotels & Resorts in a research note on Tuesday, January 6th. They issued an “overweight” rating and a $13.00 price objective for the company. Wells Fargo & Company dropped 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. Cantor Fitzgerald lifted their target price on shares of Park Hotels & Resorts from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 3rd. Finally, Zacks Research raised shares of Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $11.27.

Park Hotels & Resorts 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.