H 2 Credit Manager LP Has $41.69 Million Holdings in Park Hotels & Resorts Inc. $PK

Key Points

• H 2 Credit Manager LP increased its stake in Park Hotels & Resorts Inc. by 13.9%, owning approximately 3.9 million shares, which makes it the firm's fourth largest investment at 11.1% of its portfolio.
• The company recently reported earnings per share (EPS) of $0.64 for the last quarter, surpassing analysts' expectations, though revenue saw a slight decline of 2.0% year-over-year.
• Park Hotels & Resorts announced a quarterly dividend of $0.25 per share, providing an annual yield of 8.5%, despite its high dividend payout ratio of 370.37%.

H 2 Credit Manager LP boosted its holdings in Park Hotels & Resorts Inc. (NYSE:PK - Free Report) by 13.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,903,750 shares of the financial services provider's stock after buying an additional 475,000 shares during the period. Park Hotels & Resorts makes up about 11.1% of H 2 Credit Manager LP's investment portfolio, making the stock its 4th largest position. H 2 Credit Manager LP owned 1.95% of Park Hotels & Resorts worth $41,692,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Park Hotels & Resorts by 140.9% during the 1st quarter. UMB Bank n.a. now owns 2,385 shares of the financial services provider's stock worth $25,000 after acquiring an additional 1,395 shares in the last quarter. Versant Capital Management Inc lifted its position in Park Hotels & Resorts by 11,039.1% during the 1st quarter. Versant Capital Management Inc now owns 2,562 shares of the financial services provider's stock worth $27,000 after acquiring an additional 2,539 shares in the last quarter. Quarry LP acquired a new position in Park Hotels & Resorts during the 4th quarter worth approximately $35,000. GF Fund Management CO. LTD. acquired a new position in Park Hotels & Resorts during the 4th quarter worth approximately $53,000. Finally, GAMMA Investing LLC lifted its position in Park Hotels & Resorts by 401.2% during the 1st quarter. GAMMA Investing LLC now owns 5,283 shares of the financial services provider's stock worth $56,000 after acquiring an additional 4,229 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley reissued an "outperform" rating on shares of Park Hotels & Resorts in a research report on Tuesday, July 15th. Wall Street Zen downgraded Park Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Citigroup restated a "buy" rating on shares of Park Hotels & Resorts in a report on Thursday, May 22nd. Evercore ISI downgraded Park Hotels & Resorts from an "outperform" rating to an "in-line" rating and set a $13.00 price objective on the stock. in a report on Friday, May 16th. Finally, Truist Financial downgraded Park Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $16.00 to $11.00 in a report on Friday, May 30th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Park Hotels & Resorts currently has an average rating of "Hold" and an average target price of $12.22.

Park Hotels & Resorts Stock Performance

Shares of NYSE PK traded down $0.13 during trading on Friday, reaching $11.99. The stock had a trading volume of 1,117,153 shares, compared to its average volume of 4,113,977. Park Hotels & Resorts Inc. has a one year low of $8.27 and a one year high of $16.23. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $2.40 billion, a PE ratio of 44.36 and a beta of 1.80. The firm's 50 day moving average price is $11.02 and its two-hundred day moving average price is $10.81.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. Park Hotels & Resorts had a return on equity of 0.76% and a net margin of 2.25%.The business had revenue of $672.00 million during the quarter, compared to analyst estimates of $672.37 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2025 guidance at 1.820-2.080 EPS. On average, research analysts forecast that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 8.3%. Park Hotels & Resorts's payout ratio is currently 370.37%.

Park Hotels & Resorts 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.