Park Hotels & Resorts' (PK) "Equal Weight" Rating Reaffirmed at Barclays

Key Points

• Barclays reaffirmed an "Equal Weight" rating on Park Hotels & Resorts (NYSE: PK) but cut its price target to $9.00 from $13.00, implying roughly a 13.4% downside from the current price.
• Park Hotels & Resorts reported a quarterly EPS miss of ($1.04) versus a $0.46 estimate, posted negative net margin and ROE, and set FY2026 guidance of 1.73–1.89 EPS versus analysts' expectation of 2.11.
• The analyst consensus is a "Reduce" rating with an average target price of $11.33, based on 2 Buys, 9 Holds and 3 Sells.

Park Hotels & Resorts (NYSE:PK - Get Free Report)'s stock had its "equal weight" rating reiterated by equities researchers at Barclays in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $9.00 price target on the financial services provider's stock, down from their prior price target of $13.00. Barclays's price target indicates a potential downside of 13.42% from the company's current price.

Several other research analysts have also recently issued reports on PK. LADENBURG THALM/SH SH initiated coverage on shares of Park Hotels & Resorts in a report on Thursday, March 26th. They issued a "buy" rating and a $16.00 price objective for the company. Wells Fargo & Company reduced 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 report on Tuesday, March 24th. Truist Financial raised their target price on shares of Park Hotels & Resorts from $11.00 to $12.00 and gave the stock a "hold" rating in a report on Thursday, March 26th. Zacks Research upgraded shares of Park Hotels & Resorts from a "strong sell" rating to a "hold" rating in a report on Thursday, February 19th. Finally, Morgan Stanley set a $10.00 target price on shares of Park Hotels & Resorts in a report on Friday, January 16th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Park Hotels & Resorts has a consensus rating of "Reduce" and an average target price of $11.33.

Park Hotels & Resorts Trading Down 0.0%

Park Hotels & Resorts stock opened at $10.40 on Tuesday. The firm has a 50 day simple moving average of $10.94 and a 200-day simple moving average of $10.90. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $2.09 billion, a PE ratio of -7.27 and a beta of 1.39. Park Hotels & Resorts has a 12-month low of $8.27 and a 12-month high of $12.39.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The financial services provider reported ($1.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($1.50). The company had revenue of $629.00 million during the quarter, compared to the consensus estimate of $621.79 million. Park Hotels & Resorts had a negative net margin of 11.14% and a negative return on equity of 8.56%. The company's revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. As a group, equities research analysts expect that Park Hotels & Resorts will post 2.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Christie B. Kelly acquired 2,949 shares of the firm's stock in a transaction that occurred on Wednesday, January 14th. The stock was purchased at an average price of $11.19 per share, with a total value of $32,999.31. Following the purchase, the director owned 150,501 shares of the company's stock, valued at approximately $1,684,106.19. This trade represents a 2.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company's stock.

Hedge Funds Weigh In On Park Hotels & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its stake in Park Hotels & Resorts by 9.5% in the 4th quarter. Principal Securities Inc. now owns 10,684 shares of the financial services provider's stock worth $112,000 after purchasing an additional 927 shares during the period. California State Teachers Retirement System lifted its position in Park Hotels & Resorts by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 192,452 shares of the financial services provider's stock worth $1,969,000 after buying an additional 968 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Park Hotels & Resorts by 0.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 125,051 shares of the financial services provider's stock worth $1,386,000 after buying an additional 1,038 shares in the last quarter. Caitlin John LLC lifted its position in Park Hotels & Resorts by 4.6% in the 4th quarter. Caitlin John LLC now owns 24,774 shares of the financial services provider's stock worth $259,000 after buying an additional 1,100 shares in the last quarter. Finally, Optas LLC lifted its position in Park Hotels & Resorts by 12.8% in the 4th quarter. Optas LLC now owns 11,389 shares of the financial services provider's stock worth $119,000 after buying an additional 1,295 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

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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