Key Points
- Director Christie Kelly bought 2,949 shares of Park Hotels & Resorts on Jan. 14 at $11.19 each, increasing her stake to 150,501 shares (a 2.0% boost) per the SEC filing.
- The company paid a quarterly dividend of $0.25 on Jan. 15 (annualized $1.00), implying a 8.7% yield, though the dividend payout ratio is an extreme negative at -1,428.57%.
- Park missed expectations in its latest quarter (EPS $0.35 vs. $0.43 consensus, revenue down 6%), provided FY2025 guidance of $1.85–$1.97 EPS versus analysts' ~2.11, and carries a MarketBeat consensus rating of "Reduce" with an average target of $11.27.
Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report) Director Christie Kelly acquired 2,949 shares of Park Hotels & Resorts stock in a transaction on Wednesday, January 14th. The shares were purchased at an average cost of $11.19 per share, with a total value of $32,999.31. Following the completion of the acquisition, the director owned 150,501 shares of the company's stock, valued at $1,684,106.19. This trade represents a 2.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Park Hotels & Resorts Stock Performance
NYSE:PK opened at $11.43 on Friday. The company has a market capitalization of $2.28 billion, a P/E ratio of -163.29 and a beta of 1.44. The business has a fifty day simple moving average of $10.75 and a two-hundred day simple moving average of $10.99. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.04 and a quick ratio of 1.04. Park Hotels & Resorts Inc. has a 1 year low of $8.27 and a 1 year high of $13.90.
Park Hotels & Resorts (NYSE:PK - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). Park Hotels & Resorts had a negative return on equity of 1.25% and a negative net margin of 0.47%.The firm had revenue of $610.00 million for the quarter, compared to the consensus estimate of $617.05 million. During the same quarter in the previous year, the company posted $0.49 EPS. The firm's revenue was down 6.0% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2025 guidance at 1.850-1.970 EPS. On average, analysts expect that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current year.
Park Hotels & Resorts Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.25 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.7%. Park Hotels & Resorts's dividend payout ratio (DPR) is presently -1,428.57%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in PK. Amundi increased its holdings in shares of Park Hotels & Resorts by 1.9% in the first quarter. Amundi now owns 115,143 shares of the financial services provider's stock worth $1,119,000 after purchasing an additional 2,179 shares during the period. Millennium Management LLC boosted its stake in Park Hotels & Resorts by 849.3% during the first quarter. Millennium Management LLC now owns 523,851 shares of the financial services provider's stock valued at $5,595,000 after buying an additional 468,668 shares during the period. United Services Automobile Association purchased a new position in Park Hotels & Resorts during the first quarter worth about $152,000. Empowered Funds LLC grew its position in Park Hotels & Resorts by 10.1% during the first quarter. Empowered Funds LLC now owns 22,380 shares of the financial services provider's stock worth $239,000 after buying an additional 2,058 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in Park Hotels & Resorts by 30.6% in the 1st quarter. Focus Partners Wealth now owns 18,646 shares of the financial services provider's stock worth $199,000 after acquiring an additional 4,374 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently commented on PK shares. Zacks Research cut shares of Park Hotels & Resorts from a "hold" rating to a "strong sell" rating in a research note on Wednesday. Barclays began coverage on shares of Park Hotels & Resorts in a report on Tuesday, January 6th. They set an "overweight" rating and a $13.00 target price on the stock. UBS Group raised their price target on Park Hotels & Resorts from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, October 6th. Weiss Ratings cut Park Hotels & Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday. Finally, Wells Fargo & Company decreased their price objective on Park Hotels & Resorts from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Monday, December 1st. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $11.27.
Get Our Latest Analysis on Park Hotels & Resorts
Park Hotels & Resorts Company Profile
(
Get Free Report)
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.
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