Park Hotels & Resorts Inc. (NYSE:PK) has been assigned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $36.91.
Several research analysts recently commented on PK shares. Nomura increased their price target on Park Hotels & Resorts from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Boenning Scattergood reaffirmed a “buy” rating on shares of Park Hotels & Resorts in a research report on Monday, November 6th. Finally, Evercore ISI raised Park Hotels & Resorts from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th.
Park Hotels & Resorts (NYSE PK) opened at $29.00 on Thursday. Park Hotels & Resorts has a 52-week low of $24.65 and a 52-week high of $31.46. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.50.
Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. Park Hotels & Resorts had a return on equity of 46.66% and a net margin of 93.04%. The firm had revenue of $688.00 million during the quarter, compared to analysts’ expectations of $676.76 million. During the same period in the prior year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. research analysts predict that Park Hotels & Resorts will post 2.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 7.59%. This is a boost from Park Hotels & Resorts’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, December 28th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AXA bought a new position in shares of Park Hotels & Resorts during the third quarter worth approximately $10,432,000. Public Employees Retirement System of Ohio increased its stake in shares of Park Hotels & Resorts by 25.7% during the third quarter. Public Employees Retirement System of Ohio now owns 273,471 shares of the financial services provider’s stock worth $7,537,000 after purchasing an additional 55,868 shares during the period. Moors & Cabot Inc. increased its stake in shares of Park Hotels & Resorts by 28.5% during the third quarter. Moors & Cabot Inc. now owns 23,705 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 5,260 shares during the period. Eii Capital Management Inc. bought a new position in shares of Park Hotels & Resorts during the third quarter worth approximately $722,000. Finally, Parallel Advisors LLC increased its stake in shares of Park Hotels & Resorts by 51.9% during the third quarter. Parallel Advisors LLC now owns 7,273 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 2,484 shares during the period. 99.13% of the stock is owned by institutional investors.
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About Park Hotels & Resorts
Park Hotels & Resorts Inc is a lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment, which includes all of its hotel properties. As of December 31, 2016, the Company’s portfolio consisted of 67 hotels and resorts with over 35,000 rooms located in the United States and international markets.
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