Park Hotels & Resorts Inc. (NYSE:PK) receives a consensus rating of “Moderate Buy” from analysts

Park Hotels & Resorts Inc. (NYSE:PK – Get Free Report) shares have received a consensus rating of “Moderate Buy” from the twelve analysts that currently cover the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and six have given the company a buy recommendation. The average 1-year price target among brokers that have covered the stock over the past year is $17.83.

Several equities analysts have recently commented on PK shares. Truist Financial decreased their price target on Park Hotels & Resorts from $21.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Evercore ISI upgraded shares of Park Hotels & Resorts from an “in-line” rating to an “outperform” rating and raised their price target for the company from $19.00 to $20.00 in a report on Wednesday, May 15th. StockNews.com upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Barclays increased their price target on Park Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. Finally, Wedbush reiterated a “neutral” rating and issued a $17.00 price target on shares of Park Hotels & Resorts in a report on Tuesday, May 28.

Check out our latest research report on PK

Institutional inflows and outflows

Large investors have recently changed their holdings in the stock. GraniteShares Advisors LLC acquired a new position in Park Hotels & Resorts in the fourth quarter valued at about $1,469,000. Epoch Investment Partners Inc. increased its holdings in Park Hotels & Resorts by 135.7% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,391,881 shares of the financial services provider’s stock valued at $24,344,000 after purchasing an additional 801,372 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Park Hotels & Resorts by 492.7% in the first quarter. Acadian Asset Management LLC now owns 54,345 shares of the financial services provider’s stock valued at $950,000 after purchasing an additional 45,176 shares during the same period. Norges Bank acquired a new position in shares of Park Hotels & Resorts in the fourth quarter valued at approximately $31,745,000. Finally, Los Angeles Capital Management LLC increased its position in shares of Park Hotels & Resorts by 601.1% in the first quarter. Los Angeles Capital Management LLC now owns 2,111,004 shares of the financial services provider’s stock valued at $36,921,000 after purchasing an additional 1,809,886 shares during the same period. 92.69% of the shares are currently owned by hedge funds and other institutional investors.

Performance of Park Hotels & Resorts shares

Park Hotels & Resorts stock opened at $14.05 on Friday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 0.67 and a beta of 2.03. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.58 and a quick ratio of 1.58. The company has a 50-day simple moving average of $14.74 and a 200-day simple moving average of $15.79. Park Hotels & Resorts has a 1-year low of $11.05 and a 1-year high of $18.05.

Dividend announcement for Park Hotels & Resorts

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will receive a dividend of $0.25, with the ex-dividend date being Monday, September 30th. This represents an annualized dividend of $1.00 and a yield of 7.12%. Park Hotels & Resorts’ dividend payout ratio (DPR) is currently 227.28%.

About Park Hotels & Resorts

(Get free report

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 43 premium branded hotels and resorts with over 26,000 rooms, primarily located in prime downtown and resort locations.

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