Nisa Investment Advisors LLC Buys 34,110 Shares of Park Hotels & Resorts Inc. (NYSE:PK)

Nisa Investment Advisors LLC lifted its holdings in shares of Park Hotels & Resorts Inc. (NYSE:PK - Free Report) by 28.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,606 shares of the financial services provider's stock after acquiring an additional 34,110 shares during the quarter. Nisa Investment Advisors LLC owned about 0.08% of Park Hotels & Resorts worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PK. US Bancorp DE grew its holdings in shares of Park Hotels & Resorts by 10.9% during the fourth quarter. US Bancorp DE now owns 14,153 shares of the financial services provider's stock valued at $199,000 after purchasing an additional 1,392 shares during the last quarter. Jones Financial Companies Lllp grew its position in Park Hotels & Resorts by 42.2% in the 4th quarter. Jones Financial Companies Lllp now owns 7,992 shares of the financial services provider's stock worth $112,000 after purchasing an additional 2,373 shares during the last quarter. Victory Capital Management Inc. grew its position in Park Hotels & Resorts by 14.9% in the 4th quarter. Victory Capital Management Inc. now owns 125,281 shares of the financial services provider's stock worth $1,763,000 after purchasing an additional 16,279 shares during the last quarter. Raymond James Financial Inc. bought a new position in Park Hotels & Resorts in the 4th quarter worth about $873,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Park Hotels & Resorts by 40.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 124,217 shares of the financial services provider's stock worth $1,748,000 after purchasing an additional 36,016 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Park Hotels & Resorts Stock Down 0.6%

Shares of PK traded down $0.07 during mid-day trading on Thursday, hitting $10.80. 744,824 shares of the company's stock were exchanged, compared to its average volume of 3,630,843. The firm has a fifty day moving average of $10.54 and a two-hundred day moving average of $11.41. Park Hotels & Resorts Inc. has a twelve month low of $8.27 and a twelve month high of $16.23. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.45 and a beta of 1.72. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.33.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last posted its earnings results on Monday, May 5th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. Park Hotels & Resorts had a net margin of 4.90% and a return on equity of 2.65%. The business had revenue of $630.00 million for the quarter, compared to analyst estimates of $620.17 million. During the same period last year, the business posted $0.52 EPS. Park Hotels & Resorts's revenue was down 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current year.

Park Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 9.26%. Park Hotels & Resorts's payout ratio is presently 169.49%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley reiterated an "outperform" rating on shares of Park Hotels & Resorts in a report on Tuesday. JPMorgan Chase & Co. began coverage on shares of Park Hotels & Resorts in a research note on Monday, June 23rd. They set an "underweight" rating and a $10.00 target price for the company. Wall Street Zen lowered shares of Park Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. Wells Fargo & Company increased their target price on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Finally, Jefferies Financial Group downgraded shares of Park Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the company from $19.00 to $10.00 in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $12.11.

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.