Park Hotels & Resorts (NYSE:PK) Hits New 52-Week High - Time to Buy?

Key Points

• Park Hotels & Resorts reached a new 52-week high, trading as high as $16.33 and rising 1.9%, with its market capitalization reaching approximately $3.23 billion.
• Analyst sentiment remains mixed: the stock has a consensus rating of “Hold” and an average price target of $15.91, although Raymond James issued a “Strong Buy” rating with a $19 target.
• The company reported quarterly revenue of $680 million and EPS of $0.24, while paying a quarterly dividend of $0.25, equivalent to a 6.2% annualized yield; institutional investors own 92.69% of shares.

Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report) hit a new 52-week high on Friday. The stock traded as high as $16.33 and last traded at $16.2940, with a volume of 646,195 shares changing hands. The stock had previously closed at $15.72.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Cantor Fitzgerald increased their price target on shares of Park Hotels & Resorts from $12.00 to $15.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Wells Fargo & Company upgraded Park Hotels & Resorts to a "hold" rating in a research note on Thursday, July 23rd. Raymond James Financial raised Park Hotels & Resorts from a "market perform" rating to a "strong-buy" rating and set a $19.00 price objective for the company in a report on Monday, September 28th. Barclays upped their target price on Park Hotels & Resorts from $12.00 to $14.00 and gave the company an "equal weight" rating in a research report on Thursday, August 27th. Finally, Truist Financial increased their target price on Park Hotels & Resorts from $13.00 to $17.00 and gave the stock a "hold" rating in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.91.

Park Hotels & Resorts Stock Up 1.9%

The firm has a 50 day moving average of $15.31 and a two-hundred day moving average of $13.77. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of -19.38 and a beta of 1.36. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.29.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last issued its earnings results on Thursday, August 6th. The financial services provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Park Hotels & Resorts had a negative return on equity of 5.23% and a negative net margin of 6.41%. The firm had revenue of $680.00 million during the quarter, compared to the consensus estimate of $659.68 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business's quarterly revenue was up 1.2% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, sell-side analysts anticipate that Park Hotels & Resorts Inc. will post 1.86 EPS for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Wednesday, September 30th. Park Hotels & Resorts's dividend payout ratio is presently -120.48%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Park Hotels & Resorts in the second quarter worth approximately $444,311,000. Donald Smith & CO. Inc. bought a new position in Park Hotels & Resorts during the second quarter worth $207,120,000. Bank of America Corp DE acquired a new position in Park Hotels & Resorts in the second quarter valued at $136,488,000. Aegis Financial Corp bought a new stake in Park Hotels & Resorts during the second quarter valued at $21,735,000. Finally, Bank of New York Mellon Corp bought a new stake in Park Hotels & Resorts during the second quarter valued at $21,293,000. 92.69% of the stock is owned by institutional investors.

About Park Hotels & Resorts

Park Hotels & Resorts Inc NYSE: PK is a real estate investment trust that owns and leases a portfolio of hotels and resorts. The company focuses primarily on upper-upscale and luxury properties in high-demand business and leisure destinations.

Park's portfolio includes full-service hotels operating under well-known hospitality brands, including Hilton, Hyatt and Marriott, as well as independent properties. Its hotels provide lodging, food and beverage, meeting and event facilities, resort amenities and other guest services.

Park Hotels & Resorts was formed in 2016 and became an independent, publicly traded company in 2017 after being spun off from Hilton Worldwide Holdings.

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