Universal Beteiligungs und Servicegesellschaft mbH Makes New $7.77 Million Investment in Park Hotels & Resorts Inc. (NYSE:PK)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Park Hotels & Resorts Inc. (NYSE:PK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 552,152 shares of the financial services provider's stock, valued at approximately $7,769,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.27% of Park Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PK. Assetmark Inc. grew its position in shares of Park Hotels & Resorts by 3.4% during the 4th quarter. Assetmark Inc. now owns 23,355 shares of the financial services provider's stock worth $329,000 after buying an additional 764 shares during the period. Coldstream Capital Management Inc. lifted its stake in Park Hotels & Resorts by 7.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 11,931 shares of the financial services provider's stock valued at $168,000 after buying an additional 813 shares in the last quarter. Xponance Inc. lifted its position in shares of Park Hotels & Resorts by 3.8% in the fourth quarter. Xponance Inc. now owns 24,650 shares of the financial services provider's stock worth $347,000 after purchasing an additional 892 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Park Hotels & Resorts by 0.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 338,032 shares of the financial services provider's stock worth $5,043,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Park Hotels & Resorts by 1.1% in the fourth quarter. Amalgamated Bank now owns 98,223 shares of the financial services provider's stock worth $1,382,000 after purchasing an additional 1,089 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

Park Hotels & Resorts Stock Performance

Shares of PK stock traded down $0.14 on Wednesday, hitting $10.10. The company's stock had a trading volume of 897,615 shares, compared to its average volume of 3,493,996. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.51 and a current ratio of 1.19. The stock's 50 day moving average is $10.13 and its 200-day moving average is $12.39. Park Hotels & Resorts Inc. has a fifty-two week low of $8.27 and a fifty-two week high of $16.23. The company has a market capitalization of $2.02 billion, a PE ratio of 10.02, a PEG ratio of 1.51 and a beta of 1.75.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. Park Hotels & Resorts had a net margin of 8.16% and a return on equity of 5.63%. The business had revenue of $630.00 million for the quarter, compared to the consensus estimate of $620.17 million. During the same period in the prior year, the company posted $0.52 earnings per share. Park Hotels & Resorts's revenue was down 1.4% compared to the same quarter last year. Equities research analysts expect 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 Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.91%. The ex-dividend date of this dividend is Monday, June 30th. Park Hotels & Resorts's dividend payout ratio (DPR) is 169.49%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PK shares. Wall Street Zen lowered shares of Park Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Evercore ISI lowered 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 research report on Friday, May 16th. Jefferies Financial Group lowered shares of Park Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the stock from $19.00 to $10.00 in a research report on Wednesday, April 9th. 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 report on Tuesday, April 22nd. Finally, 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 report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.75.

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.