Landscape Capital Management L.L.C. Makes New $175,000 Investment in Park Hotels & Resorts Inc. $PK

Landscape Capital Management L.L.C. purchased a new position in shares of Park Hotels & Resorts Inc. (NYSE:PK) during the first quarter, HoldingsChannel reports. The institutional investor purchased 16,407 shares of the financial services provider’s stock, valued at approximately $175,000.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in shares of Park Hotels & Resorts by 140.9% during the 1st quarter. UMB Bank n.a. now owns 2,385 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,395 shares during the period. Versant Capital Management Inc lifted its stake in shares of Park Hotels & Resorts by 11,039.1% during the 1st quarter. Versant Capital Management Inc now owns 2,562 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 2,539 shares during the period. Quarry LP purchased a new position in shares of Park Hotels & Resorts during the 4th quarter worth $35,000. GF Fund Management CO. LTD. purchased a new position in shares of Park Hotels & Resorts during the 4th quarter worth $53,000. Finally, GAMMA Investing LLC raised its position in shares of Park Hotels & Resorts by 401.2% in the 1st quarter. GAMMA Investing LLC now owns 5,283 shares of the financial services provider’s stock worth $56,000 after buying an additional 4,229 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Trading Up 0.3%

NYSE:PK opened at $11.79 on Tuesday. The business’s 50-day moving average is $10.93 and its two-hundred day moving average is $10.80. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.16. Park Hotels & Resorts Inc. has a 12 month low of $8.27 and a 12 month high of $16.23. The firm has a market capitalization of $2.36 billion, a PE ratio of 43.67 and a beta of 1.80.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. Park Hotels & Resorts had a return on equity of 0.76% and a net margin of 2.25%.The company had revenue of $672.00 million for the quarter, compared to analyst estimates of $672.37 million. During the same period last year, the company posted $0.65 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2025 guidance at 1.820-2.080 EPS. Research analysts predict that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 8.5%. Park Hotels & Resorts’s dividend payout ratio (DPR) is currently 370.37%.

Analysts Set New Price Targets

PK has been the topic of several research reports. Evercore ISI lowered Park Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $13.00 target price on the stock. in a research report on Friday, May 16th. Wells Fargo & Company increased their target price on Park Hotels & Resorts from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. Truist Financial lowered Park Hotels & Resorts from a “buy” rating to a “hold” rating and cut their target price for the stock from $16.00 to $11.00 in a research report on Friday, May 30th. Morgan Stanley reaffirmed an “outperform” rating on shares of Park Hotels & Resorts in a research report on Tuesday, July 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Park Hotels & Resorts in a research report on Thursday, May 22nd. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.22.

About Park Hotels & Resorts

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.