Shares of Park Hotels & Resorts Inc. (NYSE:PK – Get Free Report) have received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $17.36.
Several research analysts have weighed in on PK shares. StockNews.com lowered Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, October 14th. Wolfe Research lowered Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. UBS Group lowered their price target on Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Truist Financial lowered their price target on Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Finally, Evercore ISI lowered their price target on Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th.
Read Our Latest Stock Report on Park Hotels & Resorts
Park Hotels & Resorts Trading Up 1.4 %
Park Hotels & Resorts (NYSE:PK – Get Free Report) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.30). The firm had revenue of $686.00 million during the quarter, compared to the consensus estimate of $694.94 million. Park Hotels & Resorts had a net margin of 11.50% and a return on equity of 8.77%. As a group, analysts anticipate that Park Hotels & Resorts will post 2.09 earnings per share for the current fiscal year.
Institutional Trading of Park Hotels & Resorts
Several institutional investors have recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its stake in Park Hotels & Resorts by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 263,688 shares of the financial services provider’s stock valued at $4,612,000 after purchasing an additional 693 shares during the period. Blue Zone Wealth Advisors LLC lifted its position in shares of Park Hotels & Resorts by 0.4% during the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 252,737 shares of the financial services provider’s stock valued at $3,786,000 after acquiring an additional 883 shares during the period. State of Michigan Retirement System lifted its position in shares of Park Hotels & Resorts by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 51,529 shares of the financial services provider’s stock valued at $901,000 after acquiring an additional 1,100 shares during the period. Arizona State Retirement System lifted its position in shares of Park Hotels & Resorts by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 58,940 shares of the financial services provider’s stock valued at $883,000 after acquiring an additional 1,232 shares during the period. Finally, Bfsg LLC lifted its position in shares of Park Hotels & Resorts by 8.7% during the 3rd quarter. Bfsg LLC now owns 15,440 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 1,235 shares during the period. 92.69% of the stock is currently owned by institutional investors.
Park Hotels & Resorts Company Profile
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 city center and resort locations.
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