Universal Beteiligungs und Servicegesellschaft mbH Cuts Position in Park Hotels & Resorts Inc. (NYSE:PK)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in Park Hotels & Resorts Inc. (NYSE:PK - Free Report) by 25.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 410,908 shares of the financial services provider's stock after selling 141,244 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.20% of Park Hotels & Resorts worth $4,388,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of Park Hotels & Resorts by 140.9% in the 1st quarter. UMB Bank n.a. now owns 2,385 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 1,395 shares during the last quarter. Versant Capital Management Inc raised 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 purchasing an additional 2,539 shares during the last quarter. Quarry LP bought a new position in Park Hotels & Resorts during the 4th quarter worth $35,000. GF Fund Management CO. LTD. bought a new position in Park Hotels & Resorts during the 4th quarter worth $53,000. Finally, GAMMA Investing LLC raised 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 purchasing an additional 4,229 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Park Hotels & Resorts Stock Down 2.2%

Shares of PK traded down $0.24 during trading hours on Friday, hitting $10.42. The stock had a trading volume of 3,245,554 shares, compared to its average volume of 4,183,028. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $10.60 and a 200-day simple moving average of $11.19. The firm has a market capitalization of $2.08 billion, a P/E ratio of 17.61 and a beta of 1.72. Park Hotels & Resorts Inc. has a 1-year low of $8.27 and a 1-year high of $16.23.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last issued its earnings results on Thursday, July 31st. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. The company had revenue of $672.00 million during the quarter, compared to the consensus estimate of $672.37 million. Park Hotels & Resorts had a return on equity of 2.65% and a net margin of 4.90%. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.65 EPS. Sell-side analysts predict that Park Hotels & Resorts Inc. will post 2.11 EPS for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 9.6%. Park Hotels & Resorts's dividend payout ratio (DPR) is currently 169.49%.

Analyst Ratings Changes

PK has been the subject of several analyst reports. Wells Fargo & Company raised their target price on Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Morgan Stanley reaffirmed an "outperform" rating on shares of Park Hotels & Resorts in a research report on Tuesday, July 15th. Bank of America lowered Park Hotels & Resorts from a "neutral" rating to an "underperform" rating and set a $11.00 target price for the company. in a research report on Wednesday, April 30th. Truist Financial lowered Park Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the stock from $16.00 to $11.00 in a research report on Friday, May 30th. Finally, Evercore ISI lowered Park Hotels & Resorts from an "outperform" rating to an "in-line" rating and set a $13.00 target price for the company. in a research report on Friday, May 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Park Hotels & Resorts currently has a consensus rating of "Hold" and an average price target of $12.11.

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.