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

Key Points

• Park Hotels & Resorts Inc. has received a consensus rating of "Hold" from analysts, with two sell ratings, eight holds, and two buys reported among twelve research firms covering the stock.
• The company has set its FY 2025 earnings guidance at 1.820-2.080 EPS, with analysts expecting 2.11 EPS for the current fiscal year.
• A quarterly dividend of $0.25 per share will be paid on October 15, representing an annualized yield of 9.3%, despite a high payout ratio of 370.37%.

Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report) has received a consensus rating of "Hold" from the twelve research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $12.00.

PK has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on Park Hotels & Resorts in a report on Monday, June 23rd. They issued an "underweight" rating and a $10.00 price objective for the company. Wells Fargo & Company raised Park Hotels & Resorts to a "hold" rating in a research note on Friday, October 3rd. Cantor Fitzgerald began coverage on Park Hotels & Resorts in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $12.00 target price for the company. UBS Group upped their price objective on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Citigroup cut shares of Park Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price objective for the company from $13.00 to $12.00 in a research note on Tuesday, September 9th.

Park Hotels & Resorts Stock Down 0.6%

Shares of NYSE PK opened at $10.76 on Friday. Park Hotels & Resorts has a 12 month low of $8.27 and a 12 month high of $16.23. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 39.85 and a beta of 1.83. The business has a 50-day moving average of $11.34 and a 200-day moving average of $10.72.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. Park Hotels & Resorts had a net margin of 2.25% and a return on equity of 0.76%. The business had revenue of $672.00 million during the quarter, compared to analysts' expectations of $672.37 million. During the same quarter in the previous year, the company earned $0.65 EPS. The business's quarterly revenue was down 2.0% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2025 guidance at 1.820-2.080 EPS. Sell-side analysts expect that Park Hotels & Resorts will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 annualized dividend and a yield of 9.3%. Park Hotels & Resorts's dividend payout ratio is currently 370.37%.

Institutional Investors Weigh In On Park Hotels & Resorts

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in shares of Park Hotels & Resorts by 34.6% during the second quarter. Bank of America Corp DE now owns 12,870,552 shares of the financial services provider's stock valued at $131,666,000 after purchasing an additional 3,309,275 shares during the period. Donald Smith & CO. Inc. boosted its position in Park Hotels & Resorts by 4.0% during the 2nd quarter. Donald Smith & CO. Inc. now owns 12,044,177 shares of the financial services provider's stock valued at $123,212,000 after buying an additional 466,857 shares during the period. AQR Capital Management LLC boosted its position in Park Hotels & Resorts by 76.7% during the 2nd quarter. AQR Capital Management LLC now owns 7,744,912 shares of the financial services provider's stock valued at $79,230,000 after buying an additional 3,361,382 shares during the period. Sculptor Capital LP boosted its holdings in shares of Park Hotels & Resorts by 154.1% during the second quarter. Sculptor Capital LP now owns 6,534,153 shares of the financial services provider's stock worth $66,844,000 after purchasing an additional 3,962,304 shares during the period. Finally, H 2 Credit Manager LP boosted its holdings in shares of Park Hotels & Resorts by 13.9% during the first quarter. H 2 Credit Manager LP now owns 3,903,750 shares of the financial services provider's stock worth $41,692,000 after purchasing an additional 475,000 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

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