Analysts Set Park Hotels & Resorts Inc. (NYSE:PK) Target Price at $17.58

Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report) has received a consensus recommendation of "Hold" from the eleven ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $17.58.

Several equities research analysts recently commented on PK shares. UBS Group increased their price target on Park Hotels & Resorts from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, March 6th. StockNews.com cut Park Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday. Citigroup raised Park Hotels & Resorts from a "neutral" rating to a "buy" rating and increased their price target for the company from $14.00 to $20.00 in a report on Friday, March 22nd. Barclays increased their price target on Park Hotels & Resorts from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, March 1st. Finally, Wells Fargo & Company raised their target price on Park Hotels & Resorts from $17.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pensionfund Sabic lifted its holdings in Park Hotels & Resorts by 156.7% during the 1st quarter. Pensionfund Sabic now owns 13,106 shares of the financial services provider's stock worth $229,000 after buying an additional 8,000 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Park Hotels & Resorts by 601.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 2,111,004 shares of the financial services provider's stock valued at $36,921,000 after purchasing an additional 1,809,886 shares during the last quarter. Pensionfund DSM Netherlands lifted its holdings in shares of Park Hotels & Resorts by 76.7% in the 1st quarter. Pensionfund DSM Netherlands now owns 23,038 shares of the financial services provider's stock valued at $403,000 after purchasing an additional 10,000 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Park Hotels & Resorts in the 4th quarter valued at about $714,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Park Hotels & Resorts by 205.5% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 274,961 shares of the financial services provider's stock valued at $4,207,000 after purchasing an additional 184,961 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Park Hotels & Resorts Price Performance

PK stock traded up $0.39 during mid-day trading on Monday, reaching $17.78. 2,435,835 shares of the company's stock were exchanged, compared to its average volume of 2,915,671. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 0.67 and a beta of 2.03. The stock's 50 day moving average is $16.48 and its 200 day moving average is $15.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.30. Park Hotels & Resorts has a 12-month low of $11.05 and a 12-month high of $18.05.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last released its earnings results on Tuesday, February 27th. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.39. The business had revenue of $657.00 million for the quarter, compared to the consensus estimate of $665.16 million. Park Hotels & Resorts had a return on equity of 2.44% and a net margin of 3.60%. On average, research analysts expect that Park Hotels & Resorts will post 2 EPS for the current year.

Park Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Park Hotels & Resorts's previous quarterly dividend of $0.15. This represents a $1.00 dividend on an annualized basis and a yield of 5.62%. Park Hotels & Resorts's dividend payout ratio (DPR) is 217.39%.

Park Hotels & Resorts Company Profile

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.