Park Hotels & Resorts Inc. (NYSE:PK) Shares Purchased by Barclays PLC

Barclays PLC increased its stake in Park Hotels & Resorts Inc. (NYSE:PK - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 354,693 shares of the financial services provider's stock after acquiring an additional 35,100 shares during the quarter. Barclays PLC owned approximately 0.17% of Park Hotels & Resorts worth $4,992,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its holdings in Park Hotels & Resorts by 38.4% in the 4th quarter. Quadrant Capital Group LLC now owns 4,814 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 1,335 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Park Hotels & Resorts by 42.2% in the fourth quarter. Jones Financial Companies Lllp now owns 7,992 shares of the financial services provider's stock worth $112,000 after buying an additional 2,373 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in Park Hotels & Resorts during the fourth quarter worth about $112,000. KBC Group NV grew its stake in Park Hotels & Resorts by 36.2% during the 4th quarter. KBC Group NV now owns 10,023 shares of the financial services provider's stock valued at $141,000 after acquiring an additional 2,663 shares in the last quarter. Finally, Plato Investment Management Ltd acquired a new stake in Park Hotels & Resorts in the 4th quarter valued at about $141,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PK shares. Wells Fargo & Company dropped their price target on 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. StockNews.com downgraded Park Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. Jefferies Financial Group cut shares of Park Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the company from $19.00 to $10.00 in a research report on Wednesday, April 9th. Evercore ISI cut their price objective on shares of Park Hotels & Resorts from $16.00 to $13.00 and set an "outperform" rating for the company in a research report on Monday. Finally, Truist Financial decreased their target price 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $14.60.

Park Hotels & Resorts Trading Up 1.1 %

Shares of PK traded up $0.12 during trading on Friday, reaching $10.16. 886,733 shares of the company traded hands, compared to its average volume of 3,299,993. The stock has a 50-day simple moving average of $10.72 and a 200-day simple moving average of $13.01. The stock has a market cap of $2.05 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 1.51 and a beta of 1.73. Park Hotels & Resorts Inc. has a twelve month low of $8.27 and a twelve month high of $16.58. 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 - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share 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 company had revenue of $625.00 million during the quarter, compared to analyst estimates of $609.05 million. On average, analysts anticipate that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current year.

Park Hotels & Resorts Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.85%. The ex-dividend date of this dividend was Monday, March 31st. Park Hotels & Resorts's payout ratio is 99.01%.

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.