Natixis Advisors LLC Has $245,000 Position in Park Hotels & Resorts Inc. (NYSE:PK)

Natixis Advisors LLC increased its position in shares of Park Hotels & Resorts Inc. (NYSE:PK) by 14.0% during the 4th quarter, HoldingsChannel reports. The fund owned 17,447 shares of the financial services provider’s stock after purchasing an additional 2,142 shares during the quarter. Natixis Advisors LLC’s holdings in Park Hotels & Resorts were worth $245,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PK. Charles Schwab Investment Management Inc. lifted its holdings in Park Hotels & Resorts by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,902,728 shares of the financial services provider’s stock worth $40,928,000 after acquiring an additional 66,093 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Park Hotels & Resorts by 47.1% in the 3rd quarter. Cerity Partners LLC now owns 150,971 shares of the financial services provider’s stock valued at $2,129,000 after buying an additional 48,308 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Park Hotels & Resorts by 6.8% in the third quarter. Daiwa Securities Group Inc. now owns 77,369 shares of the financial services provider’s stock valued at $1,091,000 after buying an additional 4,936 shares in the last quarter. Bank of Montreal Can increased its holdings in Park Hotels & Resorts by 92.4% during the third quarter. Bank of Montreal Can now owns 125,337 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 60,202 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Park Hotels & Resorts by 13.7% during the third quarter. BNP Paribas Financial Markets now owns 245,472 shares of the financial services provider’s stock worth $3,461,000 after purchasing an additional 29,498 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Park Hotels & Resorts Stock Performance

Shares of PK opened at $10.90 on Friday. The stock has a 50 day moving average of $12.48 and a 200 day moving average of $13.83. The company has a current ratio of 1.19, a quick ratio of 1.51 and a debt-to-equity ratio of 1.27. Park Hotels & Resorts Inc. has a 12 month low of $10.84 and a 12 month high of $17.87. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.51 and a beta of 2.02.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.16%. The company had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $609.05 million. As a group, sell-side analysts forecast that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current year.

Park Hotels & Resorts Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.18%. Park Hotels & Resorts’s payout ratio is currently 99.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com cut Park Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, February 21st. Wells Fargo & Company dropped their price objective on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group dropped their price target on shares of Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Truist Financial lowered their target price on shares of Park Hotels & Resorts from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, UBS Group decreased their price target on shares of Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.72.

Park Hotels & Resorts Profile

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.