Park Hotels & Resorts Inc. (NYSE:PK) Receives $12.68 Average Price Target from Brokerages

Park Hotels & Resorts Inc. (NYSE:PK) has received a consensus recommendation of “Reduce” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $12.9545.

PK has been the subject of a number of recent research reports. Barclays boosted their price target on Park Hotels & Resorts from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $12.00 target price on shares of Park Hotels & Resorts in a research report on Wednesday, May 13th. Wells Fargo & Company increased their target price on Park Hotels & Resorts from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday. Wall Street Zen raised Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Finally, Morgan Stanley lifted their price objective on Park Hotels & Resorts from $10.00 to $10.50 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th.

Institutional Trading of Park Hotels & Resorts

Institutional investors have recently modified their holdings of the company. Danske Bank A S acquired a new position in Park Hotels & Resorts during the third quarter valued at approximately $25,000. Fifth Third Bancorp boosted its holdings in shares of Park Hotels & Resorts by 68.8% in the 1st quarter. Fifth Third Bancorp now owns 2,604 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,061 shares in the last quarter. Advisory Services Network LLC bought a new position in Park Hotels & Resorts during the 3rd quarter worth $34,000. Clearstead Advisors LLC raised its position in shares of Park Hotels & Resorts by 326.4% in the 3rd quarter. Clearstead Advisors LLC now owns 3,198 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 2,448 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Park Hotels & Resorts by 293.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,181 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 3,863 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Park Hotels & Resorts Price Performance

PK stock opened at $14.75 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.27. The business has a 50 day simple moving average of $12.17 and a 200-day simple moving average of $11.36. Park Hotels & Resorts has a twelve month low of $9.84 and a twelve month high of $14.95. The company has a market capitalization of $2.97 billion, a P/E ratio of -13.53, a PEG ratio of 1.98 and a beta of 1.37.

Park Hotels & Resorts (NYSE:PK) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.33). The business had revenue of $622.00 million during the quarter, compared to analyst estimates of $609.78 million. Park Hotels & Resorts had a negative net margin of 8.49% and a negative return on equity of 6.71%. Park Hotels & Resorts’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. As a group, equities analysts anticipate that Park Hotels & Resorts will post 1.76 EPS for the current year.

Park Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.00 annualized dividend and a yield of 6.8%. Park Hotels & Resorts’s payout ratio is currently -91.74%.

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.