Park Hotels & Resorts (NYSE:PK) Rating Lowered to "Sell" at StockNews.com

StockNews.com lowered shares of Park Hotels & Resorts (NYSE:PK - Free Report) from a hold rating to a sell rating in a research note published on Thursday morning.

A number of other equities research analysts have also recently weighed in on PK. Compass Point cut their price objective on shares of Park Hotels & Resorts from $25.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. UBS Group reduced their price objective on Park Hotels & Resorts from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, August 16th. Wolfe Research cut Park Hotels & Resorts from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 26th. Bank of America cut their target price on Park Hotels & Resorts from $17.00 to $16.50 and set a "neutral" rating on the stock in a research note on Monday, October 21st. Finally, Truist Financial lowered their price target on Park Hotels & Resorts from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $17.58.

Park Hotels & Resorts Trading Down 1.9 %

Shares of PK traded down $0.28 during trading hours on Thursday, reaching $14.71. 3,874,463 shares of the company traded hands, compared to its average volume of 2,771,670. Park Hotels & Resorts has a 12 month low of $12.85 and a 12 month high of $18.05. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.24. The company's fifty day moving average price is $14.34 and its two-hundred day moving average price is $14.88. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.73 and a beta of 2.02.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.21). Park Hotels & Resorts had a return on equity of 9.63% and a net margin of 12.66%. The firm had revenue of $649.00 million during the quarter, compared to the consensus estimate of $646.15 million. During the same period in the prior year, the company posted $0.51 EPS. The firm's revenue was down 4.4% on a year-over-year basis. Equities research analysts predict that Park Hotels & Resorts will post 2.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Park Hotels & Resorts

A number of hedge funds have recently added to or reduced their stakes in PK. Blue Zone Wealth Advisors LLC boosted its stake in shares of Park Hotels & Resorts by 0.4% during 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 acquiring an additional 883 shares during the last quarter. Arizona State Retirement System lifted its position in Park Hotels & Resorts by 2.1% during the second quarter. Arizona State Retirement System now owns 58,940 shares of the financial services provider's stock valued at $883,000 after purchasing an additional 1,232 shares in the last quarter. Bfsg LLC grew its holdings in Park Hotels & Resorts by 8.7% during the third quarter. Bfsg LLC now owns 15,440 shares of the financial services provider's stock valued at $218,000 after purchasing an additional 1,235 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Park Hotels & Resorts in the first quarter worth about $26,000. Finally, Kendall Capital Management lifted its position in shares of Park Hotels & Resorts by 11.0% during the 2nd quarter. Kendall Capital Management now owns 15,095 shares of the financial services provider's stock valued at $226,000 after buying an additional 1,500 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Park Hotels & Resorts Company Profile

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.