Park Hotels & Resorts (NYSE:PK) Sees Unusually-High Trading Volume – Should You Buy?

Park Hotels & Resorts Inc. (NYSE:PK) shares saw strong trading volume on Tuesday . 3,499,974 shares changed hands during trading, a decline of 19% from the previous session’s volume of 4,301,219 shares.The stock last traded at $14.3560 and had previously closed at $14.12.

Analysts Set New Price Targets

Several brokerages recently weighed in on PK. LADENBURG THALM/SH SH began coverage on shares of Park Hotels & Resorts in a research note on Thursday, March 26th. They issued a “buy” rating and a $16.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Park Hotels & Resorts from $10.00 to $10.50 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Wells Fargo & Company lifted their target price on Park Hotels & Resorts from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Zacks Research raised Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Finally, Truist Financial lifted their target price on Park Hotels & Resorts from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $12.15.

Park Hotels & Resorts Stock Up 0.1%

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.85 billion, a P/E ratio of -12.94, a PEG ratio of 1.92 and a beta of 1.37. The stock’s 50-day simple moving average is $11.46 and its 200 day simple moving average is $11.12.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.33). The firm had revenue of $622.00 million for the quarter, compared to the consensus estimate of $609.78 million. Park Hotels & Resorts had a negative net margin of 8.49% and a negative return on equity of 6.71%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.740-1.900 EPS. As a group, research analysts forecast that Park Hotels & Resorts Inc. will post 1.74 EPS for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Park Hotels & Resorts’s dividend payout ratio is -91.74%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PK. JPMorgan Chase & Co. lifted its position in Park Hotels & Resorts by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,634,643 shares of the financial services provider’s stock valued at $40,272,000 after acquiring an additional 636,049 shares in the last quarter. Private Management Group Inc. lifted its position in Park Hotels & Resorts by 6.2% in the 3rd quarter. Private Management Group Inc. now owns 3,185,571 shares of the financial services provider’s stock valued at $35,296,000 after acquiring an additional 186,713 shares in the last quarter. Citigroup Inc. lifted its position in Park Hotels & Resorts by 13.9% in the 3rd quarter. Citigroup Inc. now owns 1,636,353 shares of the financial services provider’s stock valued at $18,131,000 after acquiring an additional 199,405 shares in the last quarter. SG Americas Securities LLC lifted its position in Park Hotels & Resorts by 223.9% in the 4th quarter. SG Americas Securities LLC now owns 762,261 shares of the financial services provider’s stock valued at $7,973,000 after acquiring an additional 526,901 shares in the last quarter. Finally, Matthew 25 Management Corp lifted its position in Park Hotels & Resorts by 368.0% in the 3rd quarter. Matthew 25 Management Corp now owns 475,000 shares of the financial services provider’s stock valued at $5,263,000 after acquiring an additional 373,500 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company’s primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.