Park Hotels & Resorts Inc. (NYSE:PK) – Stock analysts at SunTrust Banks lowered their Q3 2018 EPS estimates for shares of Park Hotels & Resorts in a report issued on Thursday. SunTrust Banks analyst P. Scholes now forecasts that the financial services provider will post earnings per share of $0.65 for the quarter, down from their prior estimate of $0.66. SunTrust Banks currently has a “Buy” rating on the stock.

A number of other equities analysts also recently issued reports on the company. Evercore ISI raised Park Hotels & Resorts from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Nomura increased their price target on Park Hotels & Resorts from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Park Hotels & Resorts in a research report on Monday, November 6th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Park Hotels & Resorts presently has an average rating of “Hold” and a consensus price target of $34.87.

Park Hotels & Resorts (NYSE:PK) traded down $0.10 on Monday, hitting $29.15. The stock had a trading volume of 1,014,893 shares, compared to its average volume of 1,978,375. Park Hotels & Resorts has a fifty-two week low of $24.65 and a fifty-two week high of $31.46. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.50. The company has a market cap of $6,260.00 and a P/E ratio of 2.43.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company had revenue of $688.00 million for the quarter, compared to the consensus estimate of $676.76 million. Park Hotels & Resorts had a return on equity of 46.66% and a net margin of 93.04%. Park Hotels & Resorts’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in Park Hotels & Resorts by 3,050.7% in the second quarter. Parallel Advisors LLC now owns 4,789 shares of the financial services provider’s stock valued at $129,000 after buying an additional 4,637 shares during the last quarter. Pacer Advisors Inc. raised its stake in Park Hotels & Resorts by 53.9% in the second quarter. Pacer Advisors Inc. now owns 5,938 shares of the financial services provider’s stock valued at $160,000 after buying an additional 2,080 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Park Hotels & Resorts in the third quarter valued at about $179,000. QS Investors LLC raised its stake in Park Hotels & Resorts by 0.3% in the second quarter. QS Investors LLC now owns 7,535 shares of the financial services provider’s stock valued at $203,000 after buying an additional 22 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Park Hotels & Resorts by 148.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,962 shares of the financial services provider’s stock valued at $242,000 after buying an additional 5,360 shares during the last quarter. Hedge funds and other institutional investors own 99.13% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.55 per share. This is a boost from Park Hotels & Resorts’s previous quarterly dividend of $0.43. This represents a $2.20 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date is Thursday, December 28th. Park Hotels & Resorts’s dividend payout ratio is 14.32%.

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Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc is a lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment, which includes all of its hotel properties. As of December 31, 2016, the Company’s portfolio consisted of 67 hotels and resorts with over 35,000 rooms located in the United States and international markets.

Earnings History and Estimates for Park Hotels & Resorts (NYSE:PK)

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