Park Hotels & Resorts Inc. $PK Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its holdings in Park Hotels & Resorts Inc. (NYSE:PK - Free Report) by 51.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 369,152 shares of the financial services provider's stock after selling 397,700 shares during the period. Renaissance Technologies LLC owned about 0.18% of Park Hotels & Resorts worth $3,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. lifted its position in shares of Park Hotels & Resorts by 9.5% in the 4th quarter. Principal Securities Inc. now owns 10,684 shares of the financial services provider's stock worth $112,000 after acquiring an additional 927 shares during the period. California State Teachers Retirement System grew its holdings in shares of Park Hotels & Resorts by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 192,452 shares of the financial services provider's stock worth $1,969,000 after purchasing an additional 968 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Park Hotels & Resorts by 68.8% during the first quarter. Fifth Third Bancorp now owns 2,604 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 1,061 shares during the period. Caitlin John LLC increased its position in shares of Park Hotels & Resorts by 4.6% during the fourth quarter. Caitlin John LLC now owns 24,774 shares of the financial services provider's stock valued at $259,000 after purchasing an additional 1,100 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Park Hotels & Resorts by 3.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 40,980 shares of the financial services provider's stock valued at $432,000 after purchasing an additional 1,200 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

Park Hotels & Resorts News Roundup

Here are the key news stories impacting Park Hotels & Resorts this week:

• Positive Sentiment: Park Hotels reported second-quarter FFO of $0.70 per share, above the $0.62 consensus estimate and up from $0.64 a year earlier. Revenue of $680 million also exceeded expectations of approximately $659.7 million and increased 1.2% year over year. Park Hotels Q2 FFO and Revenues Beat Estimates
• Positive Sentiment: Management raised its 2026 outlook, including adjusted EBITDA of $617 million to $637 million and projected revenue per available room (RevPAR) growth of 3% to 4.5%. The company also set full-year EPS guidance at $1.90-$2.00, above the $1.76 analyst consensus. Park Hotels 2026 EBITDA and RevPAR Outlook
• Positive Sentiment: Park Hotels declared a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and approximately a 7% yield based on the reported share price. The dividend may support investor interest in the hotel REIT, although the ex-dividend date is September 30.
• Neutral Sentiment: Recent commentary describes PK as potentially undervalued following its earnings beat and return to profitability, which could attract value-focused investors, but this remains an interpretation rather than a new company announcement. Is Park Hotels & Resorts Undervalued?
• Negative Sentiment: Despite the quarterly beat, Park Hotels still reported a negative net margin of 6.41% and negative return on equity of 5.18%, highlighting continued profitability and leverage risks.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. LADENBURG THALM/SH SH raised their target price on Park Hotels & Resorts from $16.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, June 16th. Weiss Ratings raised shares of Park Hotels & Resorts from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, May 20th. Cantor Fitzgerald reiterated a "neutral" rating and set a $12.00 target price on shares of Park Hotels & Resorts in a research report on Wednesday, May 13th. JPMorgan Chase & Co. upped their target price on shares of Park Hotels & Resorts from $11.00 to $13.00 and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company raised shares of Park Hotels & Resorts to a "hold" rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Park Hotels & Resorts presently has an average rating of "Reduce" and an average target price of $13.18.

Park Hotels & Resorts Trading Up 2.8%

Shares of Park Hotels & Resorts stock opened at $14.75 on Friday. The stock has a market capitalization of $2.97 billion, a P/E ratio of -17.77, a price-to-earnings-growth ratio of 1.90 and a beta of 1.34. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.27. The company has a 50-day simple moving average of $14.48 and a 200 day simple moving average of $12.29. Park Hotels & Resorts Inc. has a 12-month low of $9.84 and a 12-month high of $15.48.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. The firm had revenue of $680.00 million for the quarter, compared to analyst estimates of $659.68 million. Park Hotels & Resorts had a negative net margin of 6.41% and a negative return on equity of 5.18%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 earnings per share. Research analysts expect that Park Hotels & Resorts Inc. will post 1.79 earnings per share for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.8%. Park Hotels & Resorts's payout ratio is -91.74%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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