Park Hotels & Resorts Inc (PK) Given Average Rating of “Hold” by Brokerages

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Park Hotels & Resorts Inc (NYSE:PK) has received an average rating of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $33.00.

PK has been the subject of several recent research reports. TheStreet upgraded shares of Park Hotels & Resorts from a “c” rating to a “b-” rating in a research note on Friday, February 22nd. Barclays reiterated a “buy” rating and set a $35.00 target price on shares of Park Hotels & Resorts in a research note on Sunday, March 3rd. Zacks Investment Research upgraded shares of Park Hotels & Resorts from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, March 6th. Deutsche Bank set a $34.00 target price on shares of Park Hotels & Resorts and gave the stock a “hold” rating in a research note on Friday, March 1st. Finally, Nomura increased their target price on shares of Park Hotels & Resorts from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th.

NYSE PK traded up $0.44 during trading hours on Friday, hitting $32.98. The company had a trading volume of 831,459 shares, compared to its average volume of 1,255,307. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.55 and a quick ratio of 1.55. Park Hotels & Resorts has a 1-year low of $25.30 and a 1-year high of $34.27. The company has a market capitalization of $6.65 billion, a PE ratio of 11.14, a P/E/G ratio of 2.50 and a beta of 1.27.

Park Hotels & Resorts (NYSE:PK) last announced its earnings results on Wednesday, February 27th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.40). Park Hotels & Resorts had a return on equity of 8.29% and a net margin of 17.25%. The business had revenue of $686.00 million for the quarter, compared to analyst estimates of $659.09 million. During the same quarter last year, the company posted $0.68 EPS. Park Hotels & Resorts’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts expect that Park Hotels & Resorts will post 2.96 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.80 annualized dividend and a yield of 5.46%. Park Hotels & Resorts’s dividend payout ratio is currently 60.81%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rehmann Capital Advisory Group raised its holdings in Park Hotels & Resorts by 110.2% during the third quarter. Rehmann Capital Advisory Group now owns 807 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 423 shares in the last quarter. Enterprise Financial Services Corp raised its holdings in Park Hotels & Resorts by 132.0% during the first quarter. Enterprise Financial Services Corp now owns 819 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 466 shares in the last quarter. Next Capital Management LLC purchased a new position in Park Hotels & Resorts during the fourth quarter worth about $36,000. Enlightenment Research LLC purchased a new position in Park Hotels & Resorts during the fourth quarter worth about $81,000. Finally, Robecosam AG raised its holdings in Park Hotels & Resorts by 28.6% during the fourth quarter. Robecosam AG now owns 4,500 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 1,000 shares in the last quarter.

Park Hotels & Resorts Company Profile

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 54 premium-branded hotels and resorts with over 32,000 rooms, a majority of which are located in prime United States markets with high barriers to entry.

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Analyst Recommendations for Park Hotels & Resorts (NYSE:PK)

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