Nomura Holdings Inc. Takes Position in Park Hotels & Resorts Inc. (NYSE:PK)

Nomura Holdings Inc. bought a new position in shares of Park Hotels & Resorts Inc. (NYSE:PK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,388 shares of the financial services provider's stock, valued at approximately $385,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its position in Park Hotels & Resorts by 22.4% in the third quarter. Barclays PLC now owns 319,593 shares of the financial services provider's stock valued at $4,507,000 after acquiring an additional 58,432 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of Park Hotels & Resorts in the fourth quarter valued at $146,000. KBC Group NV grew its holdings 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 purchasing an additional 2,663 shares in the last quarter. Cascade Investment Advisors Inc. increased its stake in Park Hotels & Resorts by 1.3% during the 4th quarter. Cascade Investment Advisors Inc. now owns 73,487 shares of the financial services provider's stock worth $1,034,000 after buying an additional 915 shares during the period. Finally, Northeast Financial Group Inc. lifted its holdings in Park Hotels & Resorts by 34.4% in the 4th quarter. Northeast Financial Group Inc. now owns 124,674 shares of the financial services provider's stock worth $1,754,000 after buying an additional 31,928 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Evercore ISI cut shares of Park Hotels & Resorts from an "outperform" rating to an "in-line" rating and set a $13.00 price target on the stock. in a report on Friday, May 16th. UBS Group dropped their price objective on shares of Park Hotels & Resorts from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Bank of America downgraded shares of Park Hotels & Resorts from a "neutral" rating to an "underperform" rating and set a $11.00 price objective on the stock. in a research report on Wednesday, April 30th. Morgan Stanley dropped their price target on shares of Park Hotels & Resorts from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Truist Financial cut their price target on 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $13.78.

Park Hotels & Resorts Price Performance

Shares of NYSE PK traded down $0.07 during mid-day trading on Monday, reaching $10.19. 3,776,723 shares of the company traded hands, compared to its average volume of 3,455,189. Park Hotels & Resorts Inc. has a fifty-two week low of $8.27 and a fifty-two week high of $16.28. The firm has a market cap of $2.04 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.51 and a beta of 1.75. The stock has a fifty day simple moving average of $10.28 and a 200-day simple moving average of $12.59. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.19 and a quick ratio of 1.51.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The financial services provider reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The company had revenue of $630.00 million for the quarter, compared to the consensus estimate of $620.17 million. Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.16%. The company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. Equities research analysts anticipate that Park Hotels & Resorts Inc. will post 2.11 EPS for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.81%. The ex-dividend date is Monday, June 30th. Park Hotels & Resorts's payout ratio is 169.49%.

Park Hotels & Resorts Company Profile

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.