Park Hotels & Resorts (NYSE:PK) Reaches New 12-Month Low - Should You Sell?

Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $10.84 and last traded at $10.90, with a volume of 2032511 shares traded. The stock had previously closed at $11.15.

Analysts Set New Price Targets

PK has been the topic of several research analyst reports. StockNews.com cut shares of Park Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Friday, February 21st. 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 report on Tuesday, February 18th. UBS Group reduced their price objective on 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. Jefferies Financial Group lowered their price target on Park Hotels & Resorts from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Finally, Truist Financial cut their price target on shares of Park Hotels & Resorts from $18.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.72.

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Park Hotels & Resorts Price Performance

The company has a market cap of $2.17 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.51 and a beta of 2.02. The company has a current ratio of 1.19, a quick ratio of 1.51 and a debt-to-equity ratio of 1.27. The company has a fifty day moving average price of $12.42 and a two-hundred day moving average price of $13.81.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). Park Hotels & Resorts had a net margin of 8.16% and a return on equity of 5.63%. The business had revenue of $625.00 million during the quarter, compared to the consensus estimate of $609.05 million. As a group, equities research analysts anticipate that Park Hotels & Resorts Inc. will post 2.11 EPS 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. Stockholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.30%. Park Hotels & Resorts's dividend payout ratio (DPR) is currently 99.01%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Park Hotels & Resorts during the fourth quarter worth $7,769,000. GF Fund Management CO. LTD. acquired a new stake in Park Hotels & Resorts during the 4th quarter worth $53,000. Twinbeech Capital LP raised its position in shares of Park Hotels & Resorts by 396.7% during the 4th quarter. Twinbeech Capital LP now owns 86,333 shares of the financial services provider's stock valued at $1,215,000 after acquiring an additional 68,950 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of 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 purchasing an additional 10,400 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of 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 worth $3,455,000 after purchasing an additional 177,856 shares during the last quarter. Institutional investors and hedge funds 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.