86,363 Park Hotels & Resorts Inc. $PK Shares Sold by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors cut its Park Hotels & Resorts stake by 48.6% in the third quarter, selling 86,363 shares and retaining 91,215 shares valued at approximately $1.43 million. Institutional investors collectively own 92.69% of the company.
• Park Hotels & Resorts reported quarterly revenue of $680 million, exceeding estimates of $659.68 million, while earnings per share matched expectations at $0.24. The company issued fiscal 2026 EPS guidance of $1.90–$2.00.
• The company pays a quarterly dividend of $0.25, equivalent to $1.00 annually and a 6.0% yield. Analysts have a consensus “Hold” rating and an average price target of $16.64, close to the stock’s reported $16.57 price.

Nisa Investment Advisors LLC cut its holdings in Park Hotels & Resorts Inc. (NYSE:PK - Free Report) by 48.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,215 shares of the financial services provider's stock after selling 86,363 shares during the period. Nisa Investment Advisors LLC's holdings in Park Hotels & Resorts were worth $1,429,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PK. Diversify Advisory Services LLC grew its holdings in Park Hotels & Resorts by 44.5% in the 3rd quarter. Diversify Advisory Services LLC now owns 96,134 shares of the financial services provider's stock valued at $1,511,000 after buying an additional 29,587 shares during the last quarter. IFP Advisors Inc increased its position in Park Hotels & Resorts by 48.7% in the 3rd quarter. IFP Advisors Inc now owns 7,534 shares of the financial services provider's stock worth $116,000 after buying an additional 2,469 shares during the period. NorthCrest Asset Manangement LLC bought a new position in Park Hotels & Resorts in the 3rd quarter worth approximately $160,000. Wedmont Private Capital bought a new position in Park Hotels & Resorts in the 3rd quarter worth approximately $179,000. Finally, Post Resch Tallon Group Inc. lifted its holdings in shares of Park Hotels & Resorts by 4.7% during the third quarter. Post Resch Tallon Group Inc. now owns 35,933 shares of the financial services provider's stock worth $554,000 after buying an additional 1,615 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Park Hotels & Resorts Stock Performance

PK opened at $16.57 on Tuesday. The stock has a market cap of $3.34 billion, a PE ratio of -19.96 and a beta of 1.36. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.29. Park Hotels & Resorts Inc. has a 1 year low of $9.84 and a 1 year high of $17.14. The stock's 50 day simple moving average is $15.51 and its 200-day simple moving average is $13.09.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last issued its earnings results on Thursday, August 6th. The financial services provider reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. Park Hotels & Resorts had a negative return on equity of 5.23% and a negative net margin of 6.41%. The business had revenue of $680.00 million during the quarter, compared to analyst estimates of $659.68 million. During the same period in the prior year, the company posted $0.64 earnings per share. Park Hotels & Resorts's revenue was up 1.2% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. Sell-side analysts forecast that Park Hotels & Resorts Inc. will post 1.87 EPS for the current year.

Park Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 6.0%. Park Hotels & Resorts's payout ratio is presently -120.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PK shares. Evercore set a $17.00 price objective on Park Hotels & Resorts in a research report on Monday. UBS Group raised shares of Park Hotels & Resorts from a "neutral" rating to a "hold" rating in a research report on Monday, September 28th. Barclays upped their target price on shares of Park Hotels & Resorts from $12.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, August 27th. Wells Fargo & Company increased their price target on shares of Park Hotels & Resorts from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $18.00 price target on shares of Park Hotels & Resorts in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $16.64.

Park Hotels & Resorts Profile

Park Hotels & Resorts Inc NYSE: PK is a real estate investment trust focused on owning and operating hotels and resorts. The company's portfolio includes full-service properties in major business and leisure destinations, with hotels operating under Hilton brands as well as other nationally recognized and independent brands.

Park's properties provide lodging, food and beverage, meeting and event facilities, and other hospitality services. Its hotels are located primarily in the United States, including gateway cities, convention markets, and resort destinations.

Park Hotels & Resorts was formed in 2017 through a spin-off from Hilton Worldwide Holdings.

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