Park Hotels & Resorts Inc. (NYSE:PK) Receives Average Recommendation of "Reduce" from Brokerages

Key Points

• Park Hotels & Resorts has a consensus analyst rating of "Reduce" from 12 brokerages, with two sell ratings, nine hold ratings, and one buy. The average 12-month price target is $11.55.
• The company’s latest earnings came in well below expectations, reporting $0.05 EPS versus the $0.38 estimate, though revenue of $622 million slightly topped forecasts. Park also guided FY2026 EPS to 1.740–1.900.
• Park Hotels & Resorts declared a quarterly dividend of $0.25, implying an annualized yield of 8.7%. Shares opened at $11.52, near the middle of their 52-week range of $9.84 to $12.39.

Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report) has earned a consensus recommendation of "Reduce" from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $11.55.

Several research analysts have commented on PK shares. Wells Fargo & Company decreased their target price on shares of Park Hotels & Resorts from $11.00 to $10.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 24th. Wall Street Zen upgraded shares of Park Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Sunday, March 1st. Truist Financial upped their target price 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. Cantor Fitzgerald restated a "neutral" rating and issued a $12.00 target price on shares of Park Hotels & Resorts in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Park Hotels & Resorts from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday.

Hedge Funds Weigh In On Park Hotels & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. raised its stake in shares of Park Hotels & Resorts by 14.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 14,617,921 shares of the financial services provider's stock worth $152,903,000 after buying an additional 1,813,338 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Park Hotels & Resorts by 1.6% in the 3rd quarter. Bank of America Corp DE now owns 13,074,474 shares of the financial services provider's stock worth $144,865,000 after buying an additional 203,922 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Park Hotels & Resorts by 76.7% in the 2nd quarter. AQR Capital Management LLC now owns 7,744,912 shares of the financial services provider's stock worth $79,230,000 after buying an additional 3,361,382 shares in the last quarter. Sculptor Capital LP raised its stake in shares of Park Hotels & Resorts by 154.1% in the 2nd quarter. Sculptor Capital LP now owns 6,534,153 shares of the financial services provider's stock worth $66,844,000 after buying an additional 3,962,304 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Park Hotels & Resorts by 29.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 4,447,474 shares of the financial services provider's stock worth $49,278,000 after buying an additional 1,023,400 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

Park Hotels & Resorts Price Performance

NYSE PK opened at $11.52 on Friday. Park Hotels & Resorts has a 52 week low of $9.84 and a 52 week high of $12.39. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.27. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -10.56, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. The company has a 50-day moving average price of $10.91 and a two-hundred day moving average price of $10.92.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.33). Park Hotels & Resorts had a negative return on equity of 6.71% and a negative net margin of 8.49%.The firm had revenue of $622.00 million during the quarter, compared to the consensus estimate of $609.78 million. During the same quarter last year, the company posted $0.46 EPS. Park Hotels & Resorts's revenue for the quarter was down 1.3% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. Analysts forecast that Park Hotels & Resorts will post 1.74 EPS for the current year.

Park Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Park Hotels & Resorts's dividend payout ratio is currently -91.74%.

Park Hotels & Resorts Company Profile

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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