Park Hotels & Resorts Inc. (NYSE:PK) Stock Holdings Trimmed by Matthew 25 Management Corp

Matthew 25 Management Corp trimmed its holdings in Park Hotels & Resorts Inc. (NYSE:PK) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 975,000 shares of the financial services provider’s stock after selling 75,000 shares during the quarter. Park Hotels & Resorts comprises approximately 5.2% of Matthew 25 Management Corp’s portfolio, making the stock its 6th largest holding. Matthew 25 Management Corp owned approximately 0.46% of Park Hotels & Resorts worth $14,918,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in shares of Park Hotels & Resorts in the fourth quarter worth $42,000. Spire Wealth Management grew its stake in shares of Park Hotels & Resorts by 20.1% in the third quarter. Spire Wealth Management now owns 5,145 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 860 shares in the last quarter. Covestor Ltd grew its stake in shares of Park Hotels & Resorts by 31.5% in the third quarter. Covestor Ltd now owns 5,596 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,340 shares in the last quarter. Signaturefd LLC grew its stake in shares of Park Hotels & Resorts by 12.7% in the fourth quarter. Signaturefd LLC now owns 6,437 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 727 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Park Hotels & Resorts by 353.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,055 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Park Hotels & Resorts Trading Up 0.1 %

Shares of PK traded up $0.02 during mid-day trading on Friday, reaching $16.15. The company had a trading volume of 1,825,500 shares, compared to its average volume of 2,033,463. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 0.61 and a beta of 2.03. The firm has a fifty day simple moving average of $16.76 and a 200-day simple moving average of $15.27. Park Hotels & Resorts Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $18.05. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.39. The company had revenue of $657.00 million for the quarter, compared to analyst estimates of $665.16 million. Park Hotels & Resorts had a net margin of 3.60% and a return on equity of 2.44%. On average, sell-side analysts anticipate that Park Hotels & Resorts Inc. will post 2.06 EPS for the current fiscal year.

Park Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Park Hotels & Resorts’s previous quarterly dividend of $0.15. Park Hotels & Resorts’s dividend payout ratio (DPR) is 217.39%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PK shares. Citigroup upgraded shares of Park Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $20.00 in a research note on Friday, March 22nd. Truist Financial lifted their price objective on shares of Park Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Jefferies Financial Group upgraded shares of Park Hotels & Resorts from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.00 to $21.00 in a research note on Tuesday, January 2nd. StockNews.com cut shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Saturday, April 13th. Finally, Wells Fargo & Company increased their price target on shares of Park Hotels & Resorts from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.58.

Park Hotels & Resorts 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.