Park Hotels & Resorts Inc. (NYSE:PK) Given Average Rating of "Reduce" by Brokerages

Key Points

• Analyst consensus: 13 brokerages give Park Hotels & Resorts an average rating of "Reduce" (3 sell, 8 hold, 2 buy) with a 12‑month average price target of $11.45.
• Earnings miss and outlook: The company reported quarterly EPS of ($1.04) vs. $0.46 expected, posted negative net margin and ROE, and set FY2026 guidance of 1.73–1.89 EPS (analysts forecast ~1.76).
• Dividend vs. fundamentals: Park declared a quarterly dividend of $0.25 (annualized $1.00) for an 8.9% yield, but the payout ratio is negative (−69.93%), raising sustainability concerns despite high institutional ownership.

Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report) has been assigned an average rating of "Reduce" from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $11.4545.

PK has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Park Hotels & Resorts from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 24th. Barclays reissued an "equal weight" rating and set a $9.00 price target (down from $13.00) on shares of Park Hotels & Resorts in a research report on Tuesday, April 7th. Morgan Stanley set a $10.00 price target on shares of Park Hotels & Resorts in a research report on Friday, January 16th. Cantor Fitzgerald lifted their price target on shares of Park Hotels & Resorts from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 3rd. Finally, Truist Financial lifted their price target on shares of Park Hotels & Resorts from $11.00 to $12.00 and gave the stock a "hold" rating in a research report on Thursday, March 26th.

Hedge Funds Weigh In On Park Hotels & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Park Hotels & Resorts by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 3,634,643 shares of the financial services provider's stock worth $40,272,000 after purchasing an additional 636,049 shares in the last quarter. SAM Advisors LLC bought a new position in shares of Park Hotels & Resorts during the third quarter worth $2,212,000. Citigroup Inc. boosted its position in shares of Park Hotels & Resorts by 13.9% during the third quarter. Citigroup Inc. now owns 1,636,353 shares of the financial services provider's stock worth $18,131,000 after purchasing an additional 199,405 shares in the last quarter. Private Management Group Inc. boosted its position in shares of Park Hotels & Resorts by 6.2% during the third quarter. Private Management Group Inc. now owns 3,185,571 shares of the financial services provider's stock worth $35,296,000 after purchasing an additional 186,713 shares in the last quarter. Finally, Matthew 25 Management Corp boosted its position in shares of Park Hotels & Resorts by 368.0% during the third quarter. Matthew 25 Management Corp now owns 475,000 shares of the financial services provider's stock worth $5,263,000 after purchasing an additional 373,500 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

Park Hotels & Resorts Price Performance

Shares of PK stock opened at $11.23 on Tuesday. Park Hotels & Resorts has a 52-week low of $9.57 and a 52-week high of $12.39. The stock has a market cap of $2.26 billion, a PE ratio of -7.85 and a beta of 1.39. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.34 and a current ratio of 1.34. The firm's 50 day moving average price is $10.92 and its two-hundred day moving average price is $10.89.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The financial services provider reported ($1.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($1.50). Park Hotels & Resorts had a negative net margin of 11.14% and a negative return on equity of 8.56%. The business had revenue of $629.00 million during the quarter, compared to the consensus estimate of $621.79 million. During the same period in the previous year, the business posted $0.39 earnings per share. Park Hotels & Resorts's revenue was up .6% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. As a group, analysts forecast that Park Hotels & Resorts will post 1.76 EPS for the current year.

Park Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Park Hotels & Resorts's dividend payout ratio (DPR) is currently -69.93%.

About Park Hotels & Resorts

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.

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