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

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $18.15.

Several brokerages have issued reports on PK. Jefferies Financial Group cut their price target on Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Wells Fargo & Company cut their target price on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. StockNews.com lowered shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Finally, UBS Group cut their price objective on shares of Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd.

Park Hotels & Resorts Stock Up 1.4 %

NYSE:PK opened at $11.91 on Thursday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.51 and a beta of 2.00. Park Hotels & Resorts has a twelve month low of $11.51 and a twelve month high of $18.05. The stock’s 50 day moving average price is $13.32 and its two-hundred day moving average price is $14.21. The company has a quick ratio of 1.51, a current ratio of 1.19 and a debt-to-equity ratio of 1.27.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.16%. The business had revenue of $625.00 million for the quarter, compared to analyst estimates of $609.05 million. Equities research analysts expect that Park Hotels & Resorts will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.39%. The ex-dividend date is Monday, March 31st. Park Hotels & Resorts’s dividend payout ratio (DPR) is currently 99.01%.

Hedge Funds Weigh In On Park Hotels & Resorts

Hedge funds have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Park Hotels & Resorts during the 4th quarter worth $7,769,000. GF Fund Management CO. LTD. bought a new stake in Park Hotels & Resorts during the fourth quarter worth about $53,000. Twinbeech Capital LP grew its stake in Park Hotels & Resorts by 396.7% during the fourth quarter. Twinbeech Capital LP now owns 86,333 shares of the financial services provider’s stock worth $1,215,000 after buying an additional 68,950 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Park Hotels & Resorts by 59.1% in the 4th quarter. Two Sigma Advisers LP now owns 28,000 shares of the financial services provider’s stock valued at $394,000 after buying an additional 10,400 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Park Hotels & Resorts by 262.6% in the 4th quarter. Two Sigma Investments LP now owns 245,593 shares of the financial services provider’s stock valued at $3,455,000 after buying an additional 177,856 shares during the period. Institutional investors own 92.69% of the company’s stock.

About Park Hotels & Resorts

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.