Park Hotels & Resorts Inc. (NYSE:PK) Stock Has Consensus Price Target of $15.00

Park Hotels & Resorts Inc. (NYSE:PK) has been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $15.33.

A number of equities analysts recently commented on the stock. LADENBURG THALM/SH SH raised their price target on shares of Park Hotels & Resorts from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $18.00 price objective on shares of Park Hotels & Resorts in a report on Friday, August 14th. Cantor Fitzgerald increased their target price on shares of Park Hotels & Resorts from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Park Hotels & Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, BMO Capital Markets raised shares of Park Hotels & Resorts from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $14.00 to $18.00 in a report on Tuesday, September 1st.

Hedge Funds Weigh In On Park Hotels & Resorts

A number of hedge funds have recently added to or reduced their stakes in PK. Two Sigma Securities LLC bought a new stake in Park Hotels & Resorts during the second quarter worth $527,000. Advisors Capital Management LLC acquired a new position in shares of Park Hotels & Resorts during the 2nd quarter worth $19,160,000. Jupiter Topco LLC bought a new stake in shares of Park Hotels & Resorts during the 2nd quarter worth $4,230,000. Public Employees Retirement System of Ohio bought a new stake in shares of Park Hotels & Resorts during the 2nd quarter worth $3,131,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Park Hotels & Resorts by 15,514.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,260,215 shares of the financial services provider’s stock valued at $17,958,000 after buying an additional 1,252,144 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Stock Performance

PK opened at $15.41 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.53 and a quick ratio of 1.53. The business has a fifty day simple moving average of $15.25 and a 200 day simple moving average of $13.43. Park Hotels & Resorts has a 1 year low of $9.84 and a 1 year high of $16.20. The company has a market capitalization of $3.10 billion, a PE ratio of -18.57, a price-to-earnings-growth ratio of 1.96 and a beta of 1.36.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Park Hotels & Resorts had a negative return on equity of 5.23% and a negative net margin of 6.41%.The firm had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $659.68 million. During the same quarter last year, the business earned $0.64 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. Research analysts expect that Park Hotels & Resorts will post 1.86 EPS for the current year.

Park Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 6.5%. Park Hotels & Resorts’s dividend payout ratio is currently -120.48%.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc (NYSE:PK) is a real estate investment trust that owns and leases a portfolio of hotels and resorts. The company focuses primarily on upper-upscale and luxury properties in high-demand business and leisure destinations.

Park’s portfolio includes full-service hotels operating under well-known hospitality brands, including Hilton, Hyatt and Marriott, as well as independent properties. Its hotels provide lodging, food and beverage, meeting and event facilities, resort amenities and other guest services.

Park Hotels & Resorts was formed in 2016 and became an independent, publicly traded company in 2017 after being spun off from Hilton Worldwide Holdings.