Park Hotels & Resorts Inc. (NYSE:PK) Given Consensus Rating of "Moderate Buy" by Brokerages

Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report) has earned an average rating of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $17.72.

Several equities analysts have commented on the stock. Jefferies Financial Group lowered their target price on shares of Park Hotels & Resorts from $23.00 to $22.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Wells Fargo & Company lowered their target price on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Truist Financial cut their target price on shares of Park Hotels & Resorts from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, March 21st. UBS Group lowered their price target on Park Hotels & Resorts from $15.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Finally, StockNews.com lowered Park Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Friday, February 21st.

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Hedge Funds Weigh In On Park Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Park Hotels & Resorts during the fourth quarter valued at approximately $41,087,000. Deutsche Bank AG raised its position in Park Hotels & Resorts by 809.3% in the 4th quarter. Deutsche Bank AG now owns 2,415,621 shares of the financial services provider's stock valued at $33,988,000 after purchasing an additional 2,149,972 shares during the last quarter. Landmark Investment Partners L.P. bought a new stake in Park Hotels & Resorts during the 4th quarter worth about $21,342,000. Invesco Ltd. increased its holdings in shares of Park Hotels & Resorts by 84.0% in the fourth quarter. Invesco Ltd. now owns 2,837,917 shares of the financial services provider's stock valued at $39,929,000 after purchasing an additional 1,295,548 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised its position in shares of Park Hotels & Resorts by 13.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 9,200,125 shares of the financial services provider's stock worth $129,446,000 after acquiring an additional 1,122,839 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

Park Hotels & Resorts Stock Down 0.9 %

PK traded down $0.11 during trading on Monday, reaching $11.17. 2,934,231 shares of the stock traded hands, compared to its average volume of 2,888,534. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.19 and a quick ratio of 1.51. Park Hotels & Resorts has a fifty-two week low of $10.87 and a fifty-two week high of $17.87. The stock's 50-day simple moving average is $12.59 and its two-hundred day simple moving average is $13.87. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.51 and a beta of 2.02.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.01). The firm had revenue of $625.00 million during the quarter, compared to analyst estimates of $609.05 million. Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.16%. As a group, equities research analysts expect that Park Hotels & Resorts will post 2.11 EPS for the current year.

Park Hotels & Resorts Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 8.96%. Park Hotels & Resorts's dividend payout ratio is currently 99.01%.

Park Hotels & Resorts Company Profile

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.