Park Hotels & Resorts (NYSE:PK) Shares Cross Below 50-Day Moving Average - What's Next?

Key Points

• Park Hotels & Resorts shares fell below their 50-day moving average, reaching $14.91 before last trading at about $15.06. The stock’s 50-day average is $15.11, compared with a 200-day average of $13.12.
• Analyst sentiment remains cautious, with an overall “Hold” rating and a consensus price target of $15.00. Ratings include three Buys, nine Holds and one Sell.
• The company reported quarterly EPS of $0.24, matching estimates, while revenue of $680 million exceeded expectations. Park Hotels also declared a quarterly dividend of $0.25, equivalent to a 6.6% annualized yield.

Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.11 and traded as low as $14.91. Park Hotels & Resorts shares last traded at $15.0560, with a volume of 2,528,545 shares traded.

Wall Street Analysts Forecast Growth

PK has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Park Hotels & Resorts from $13.00 to $17.00 and gave the company a "hold" rating in a research report on Thursday, September 10th. Morgan Stanley increased their price target on Park Hotels & Resorts from $10.50 to $11.00 and gave the stock an "equal weight" rating in a report on Friday, July 17th. Wells Fargo & Company raised Park Hotels & Resorts to a "hold" rating in a research report on Thursday, July 23rd. LADENBURG THALM/SH SH boosted their price objective on shares of Park Hotels & Resorts from $16.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, June 16th. Finally, BMO Capital Markets upgraded shares of Park Hotels & Resorts from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $14.00 to $18.00 in a report on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Park Hotels & Resorts presently has an average rating of "Hold" and a consensus target price of $15.00.

Park Hotels & Resorts Stock Performance

The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of -18.14, a P/E/G ratio of 1.93 and a beta of 1.33. The firm has a 50-day simple moving average of $15.11 and a two-hundred day simple moving average of $13.12.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $680.00 million during the quarter, compared to the consensus estimate of $659.68 million. Park Hotels & Resorts had a negative net margin of 6.41% and a negative return on equity of 5.23%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. On average, sell-side analysts anticipate that Park Hotels & Resorts Inc. will post 1.83 EPS for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Wednesday, September 30th. Park Hotels & Resorts's dividend payout ratio (DPR) is presently -120.48%.

Institutional Trading of Park Hotels & Resorts

A number of large investors have recently made changes to their positions in PK. Two Sigma Securities LLC purchased a new stake in shares of Park Hotels & Resorts in the 2nd quarter valued at approximately $527,000. Advisors Capital Management LLC purchased a new stake in shares of Park Hotels & Resorts during the 2nd quarter worth $19,160,000. Jupiter Topco LLC purchased a new stake in shares of Park Hotels & Resorts during the 2nd quarter worth $4,230,000. Donald Smith & CO. Inc. grew its stake in shares of Park Hotels & Resorts by 14.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 14,617,921 shares of the financial services provider's stock worth $152,903,000 after purchasing an additional 1,813,338 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Park Hotels & Resorts by 15,514.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,260,215 shares of the financial services provider's stock worth $17,958,000 after purchasing an additional 1,252,144 shares in 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 NYSE: PK is a lodging real estate investment trust that owns and invests in a portfolio of hotels and resorts across the United States. The company's properties are generally located in prominent business, convention and leisure destinations and operate under well-known hospitality brands, including Hilton, Marriott and Hyatt.

Park Hotels & Resorts generates revenue primarily through the operation of its hotel properties, which provide lodging, food and beverage, meeting and event space, and other guest services.

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