Shares of Park Hotels & Resorts Inc. (NYSE:PK – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $17.83.
A number of brokerages recently weighed in on PK. Wedbush restated a “neutral” rating and set a $17.00 price objective on shares of Park Hotels & Resorts in a research note on Tuesday, May 28th. UBS Group lifted their price objective on shares of Park Hotels & Resorts from $14.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Citigroup upgraded shares of Park Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $20.00 in a research note on Friday, March 22nd. Wells Fargo & Company lifted their price objective on shares of Park Hotels & Resorts from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Finally, Barclays boosted their price target on shares of Park Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th.
Check Out Our Latest Stock Report on Park Hotels & Resorts
Hedge Funds Weigh In On Park Hotels & Resorts
Park Hotels & Resorts Stock Performance
PK stock opened at $14.98 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 0.71 and a beta of 2.01. Park Hotels & Resorts has a 1 year low of $11.05 and a 1 year high of $18.05. The stock’s fifty day moving average is $15.68 and its two-hundred day moving average is $16.12.
Park Hotels & Resorts (NYSE:PK – Get Free Report) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). Park Hotels & Resorts had a net margin of 3.42% and a return on equity of 3.08%. The company had revenue of $639.00 million during the quarter, compared to the consensus estimate of $630.46 million. On average, research analysts predict that Park Hotels & Resorts will post 2.11 EPS for the current year.
Park Hotels & Resorts Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.00 dividend on an annualized basis and a yield of 6.68%. Park Hotels & Resorts’s dividend payout ratio is currently 227.28%.
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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