Shares of Park Hotels & Resorts Inc. (NYSE:PK – Get Free Report) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $17.83.
A number of brokerages have recently issued reports on PK. Barclays raised their price objective on Park Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. Wedbush reiterated a “neutral” rating and set a $17.00 target price on shares of Park Hotels & Resorts in a report on Tuesday, May 28th. Evercore ISI upgraded shares of Park Hotels & Resorts from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $19.00 to $20.00 in a report on Wednesday, May 15th. StockNews.com upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Truist Financial lowered their price objective on shares of Park Hotels & Resorts from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 30th.
Check Out Our Latest Analysis on PK
Park Hotels & Resorts Stock Up 0.7 %
Park Hotels & Resorts (NYSE:PK – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $630.46 million. On average, equities analysts anticipate that Park Hotels & Resorts will post 2.11 earnings per share for the current year.
Hedge Funds Weigh In On Park Hotels & Resorts
Large investors have recently made changes to their positions in the business. Retirement Systems of Alabama increased its position in shares of Park Hotels & Resorts by 0.3% during the first quarter. Retirement Systems of Alabama now owns 263,688 shares of the financial services provider’s stock valued at $4,612,000 after acquiring an additional 693 shares in the last quarter. Cascade Investment Advisors Inc. increased its position in shares of Park Hotels & Resorts by 1.1% during the fourth quarter. Cascade Investment Advisors Inc. now owns 66,222 shares of the financial services provider’s stock valued at $1,013,000 after acquiring an additional 725 shares in the last quarter. Signaturefd LLC increased its position in shares of Park Hotels & Resorts by 12.7% during the fourth quarter. Signaturefd LLC now owns 6,437 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 727 shares in the last quarter. Truist Financial Corp increased its position in shares of Park Hotels & Resorts by 3.8% during the fourth quarter. Truist Financial Corp now owns 22,335 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 816 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC increased its position in shares of Park Hotels & Resorts by 0.4% during the second quarter. Blue Zone Wealth Advisors LLC now owns 252,737 shares of the financial services provider’s stock valued at $3,786,000 after acquiring an additional 883 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.
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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