Park Hotels & Resorts (NYSE:PK – Get Free Report) had its price objective decreased by investment analysts at Bank of America from $17.00 to $16.50 in a report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Bank of America‘s price objective would suggest a potential upside of 16.77% from the company’s current price.
Other analysts have also recently issued reports about the company. UBS Group reduced their target price on Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Truist Financial reduced their price target on Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. StockNews.com lowered Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, October 14th. Wells Fargo & Company reduced their target price on shares of Park Hotels & Resorts from $17.00 to $14.50 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Finally, Wolfe Research lowered shares of Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Park Hotels & Resorts has a consensus rating of “Hold” and an average target price of $17.00.
Read Our Latest Report on Park Hotels & Resorts
Park Hotels & Resorts Trading Up 1.0 %
Park Hotels & Resorts (NYSE:PK – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.30). The company had revenue of $686.00 million during the quarter, compared to the consensus estimate of $694.94 million. Park Hotels & Resorts had a return on equity of 8.77% and a net margin of 11.50%. As a group, equities analysts expect that Park Hotels & Resorts will post 2.11 EPS for the current fiscal year.
Institutional Investors Weigh In On Park Hotels & Resorts
Institutional investors and hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama boosted its stake in Park Hotels & Resorts by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 263,688 shares of the financial services provider’s stock valued at $4,612,000 after purchasing an additional 693 shares during the last quarter. Blue Zone Wealth Advisors LLC increased its holdings in Park Hotels & Resorts by 0.4% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 252,737 shares of the financial services provider’s stock worth $3,786,000 after buying an additional 883 shares in the last quarter. State of Michigan Retirement System raised its position in Park Hotels & Resorts by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 51,529 shares of the financial services provider’s stock worth $901,000 after buying an additional 1,100 shares during the last quarter. Wedmont Private Capital lifted its stake in Park Hotels & Resorts by 10.8% during the 1st quarter. Wedmont Private Capital now owns 11,418 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 1,117 shares during the period. Finally, Arizona State Retirement System lifted its stake in Park Hotels & Resorts by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 58,940 shares of the financial services provider’s stock valued at $883,000 after acquiring an additional 1,232 shares during the period. Institutional investors own 92.69% of the company’s stock.
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.
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