Park Hotels & Resorts Inc. (PK) to Issue Quarterly Dividend of $0.25 on April 15th

Park Hotels & Resorts Inc. (NYSE:PK) announced a quarterly dividend on Friday, February 13th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.25 per share by the financial services provider on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Tuesday, March 31st.

Park Hotels & Resorts has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Park Hotels & Resorts has a payout ratio of 172.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Park Hotels & Resorts to earn $2.21 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 45.2%.

Park Hotels & Resorts Stock Performance

Shares of PK stock opened at $10.42 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.25. The company has a market cap of $2.10 billion, a PE ratio of -7.28 and a beta of 1.40. The company’s fifty day simple moving average is $11.05 and its 200-day simple moving average is $10.97. Park Hotels & Resorts has a 52 week low of $8.27 and a 52 week high of $12.39.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings results on Thursday, February 19th. The financial services provider reported ($1.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($1.50). Park Hotels & Resorts had a negative return on equity of 8.56% and a negative net margin of 11.14%.The business had revenue of $629.00 million for the quarter, compared to analysts’ expectations of $621.79 million. During the same period last year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. As a group, equities research analysts anticipate that Park Hotels & Resorts will post 2.11 EPS for the current year.

Analysts Set New Price Targets

PK has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on Park Hotels & Resorts from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 24th. LADENBURG THALM/SH SH initiated coverage on Park Hotels & Resorts in a report on Thursday. They set a “buy” rating and a $16.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 3rd. Weiss Ratings cut Park Hotels & Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Finally, Cantor Fitzgerald increased their price objective on shares of Park Hotels & Resorts from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Park Hotels & Resorts has an average rating of “Hold” and a consensus target price of $11.67.

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.