Matthew 25 Management Corp Increases Holdings in Park Hotels & Resorts Inc. $PK

Matthew 25 Management Corp lifted its position in Park Hotels & Resorts Inc. (NYSE:PK - Free Report) by 61.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 765,000 shares of the financial services provider's stock after purchasing an additional 290,000 shares during the quarter. Park Hotels & Resorts comprises 2.4% of Matthew 25 Management Corp's holdings, making the stock its 14th largest position. Matthew 25 Management Corp owned approximately 0.38% of Park Hotels & Resorts worth $8,002,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PK. Danske Bank A S purchased a new position in shares of Park Hotels & Resorts in the third quarter worth about $25,000. Advisory Services Network LLC purchased a new position in shares of Park Hotels & Resorts in the third quarter worth about $34,000. Clearstead Advisors LLC raised its stake in shares of Park Hotels & Resorts by 326.4% in the third quarter. Clearstead Advisors LLC now owns 3,198 shares of the financial services provider's stock worth $35,000 after purchasing an additional 2,448 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Park Hotels & Resorts by 293.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,181 shares of the financial services provider's stock worth $54,000 after purchasing an additional 3,863 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Park Hotels & Resorts by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,844 shares of the financial services provider's stock worth $61,000 after purchasing an additional 1,464 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Park Hotels & Resorts Stock Up 3.0%

Park Hotels & Resorts stock opened at $11.37 on Wednesday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -10.43 and a beta of 1.37. Park Hotels & Resorts Inc. has a 52 week low of $9.84 and a 52 week high of $12.39. The business's 50-day moving average price is $10.92 and its 200 day moving average price is $10.90. The company has a quick ratio of 1.34, a current ratio of 1.25 and a debt-to-equity ratio of 1.27.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.33). The company had revenue of $622.00 million for the quarter, compared to analyst estimates of $609.78 million. Park Hotels & Resorts had a negative return on equity of 6.71% and a negative net margin of 8.49%.The firm's revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned $0.46 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. As a group, sell-side analysts anticipate that Park Hotels & Resorts Inc. will post 1.76 earnings per share for the current year.

Park Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Park Hotels & Resorts's dividend payout ratio (DPR) is presently -91.74%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Cantor Fitzgerald raised their price objective on Park Hotels & Resorts from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. raised their price objective on Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 3rd. Truist Financial raised their target price on Park Hotels & Resorts from $11.00 to $12.00 and gave the stock a "hold" rating in a report on Thursday, March 26th. Wells Fargo & Company dropped their target price on Park Hotels & Resorts from $11.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 24th. Finally, LADENBURG THALM/SH SH started coverage on Park Hotels & Resorts in a report on Thursday, March 26th. They set a "buy" rating and a $16.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $11.50.

Park Hotels & Resorts Profile

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company's primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.

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