Park Hotels & Resorts (NYSE:PK) Sees Large Volume Increase - What's Next?

Key Points

• Park Hotels reported a quarterly EPS of $0.05 versus a $0.38 consensus (a miss) while revenue was $622M (slightly above estimates), the company showed a negative net margin (-8.49%) and set FY2026 guidance of 1.74–1.90 EPS (analysts expect ~1.76).
• The firm declared a quarterly dividend of $0.25 (annualized $1.00) producing a ~8.8% yield, with an ex-dividend date of June 30 and payment on July 15.
• Analyst sentiment is mixed but consensus is Hold with an average target of $11.50 after some upgrades and target raises, and the stock recently traded near $11.22 on about 3.49M shares (down ~14% from the prior session).

Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report) shares saw an uptick in trading volume on Tuesday . 3,485,076 shares traded hands during trading, a decline of 14% from the previous session's volume of 4,058,992 shares.The stock last traded at $11.2190 and had previously closed at $11.04.

Wall Street Analyst Weigh In

Several brokerages have commented on PK. Wall Street Zen upgraded Park Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Sunday, March 1st. Morgan Stanley set a $10.00 price target on Park Hotels & Resorts in a research note on Friday, January 16th. Zacks Research upgraded Park Hotels & Resorts from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 19th. Cantor Fitzgerald upped their price target on Park Hotels & Resorts from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. upped their target price on Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $11.50.

Park Hotels & Resorts Trading Up 2.9%

The firm has a market capitalization of $2.29 billion, a PE ratio of -10.42 and a beta of 1.37. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.34 and a current ratio of 1.25. The firm has a fifty day moving average of $10.92 and a 200 day moving average of $10.90.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.33). Park Hotels & Resorts had a negative net margin of 8.49% and a negative return on equity of 6.71%. The business had revenue of $622.00 million during the quarter, compared to analysts' expectations of $609.78 million. During the same period in the prior year, the company posted $0.46 EPS. The company'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. Equities research analysts expect that Park Hotels & Resorts Inc. will post 1.76 EPS for the current year.

Park Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Tuesday, June 30th. Park Hotels & Resorts's dividend payout ratio is -91.74%.

Hedge Funds Weigh In On Park Hotels & Resorts

Several institutional investors and hedge funds have recently made changes to their positions in PK. Danske Bank A S purchased a new position in shares of Park Hotels & Resorts during the 3rd quarter valued at approximately $25,000. Fifth Third Bancorp boosted its stake in shares of Park Hotels & Resorts by 68.8% during the 1st quarter. Fifth Third Bancorp now owns 2,604 shares of the financial services provider's stock valued at $27,000 after buying an additional 1,061 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Park Hotels & Resorts during the 3rd quarter valued at approximately $34,000. Clearstead Advisors LLC boosted its stake in shares of Park Hotels & Resorts by 326.4% during the 3rd quarter. Clearstead Advisors LLC now owns 3,198 shares of the financial services provider's stock valued at $35,000 after buying an additional 2,448 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Park Hotels & Resorts by 293.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,181 shares of the financial services provider's stock valued at $54,000 after buying an additional 3,863 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

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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