Park Hotels & Resorts Inc. (NYSE:PK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Park Hotels & Resorts Inc. (NYSE:PK) has earned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.83.

Several brokerages have issued reports on PK. Citigroup raised shares of Park Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $20.00 in a research note on Friday, March 22nd. StockNews.com upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Evercore ISI upgraded shares of Park Hotels & Resorts from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $20.00 in a research report on Wednesday, May 15th. Wells Fargo & Company boosted their target price on shares of Park Hotels & Resorts from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Finally, Truist Financial decreased their target price on shares of Park Hotels & Resorts from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GraniteShares Advisors LLC acquired a new position in Park Hotels & Resorts in the 4th quarter valued at about $1,469,000. Norges Bank acquired a new position in Park Hotels & Resorts in the 4th quarter valued at about $31,745,000. Los Angeles Capital Management LLC raised its stake in Park Hotels & Resorts by 601.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 2,111,004 shares of the financial services provider’s stock valued at $36,921,000 after purchasing an additional 1,809,886 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Park Hotels & Resorts in the 4th quarter valued at about $903,000. Finally, Donald Smith & CO. Inc. raised its stake in Park Hotels & Resorts by 36.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 6,529,666 shares of the financial services provider’s stock valued at $99,904,000 after purchasing an additional 1,728,921 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Park Hotels & Resorts Stock Performance

Shares of PK opened at $14.98 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $3.15 billion, a P/E ratio of 34.05, a P/E/G ratio of 0.71 and a beta of 2.01. The company’s fifty day moving average is $15.68 and its two-hundred day moving average is $16.12. Park Hotels & Resorts has a 1 year low of $11.05 and a 1 year high of $18.05.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.17). The firm had revenue of $639.00 million during the quarter, compared to analyst estimates of $630.46 million. Park Hotels & Resorts had a net margin of 3.42% and a return on equity of 3.08%. On average, sell-side analysts predict that Park Hotels & Resorts will post 2.11 earnings per share for the current year.

Park Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 6.68%. Park Hotels & Resorts’s dividend payout ratio is presently 227.28%.

About Park Hotels & Resorts

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.