Park Hotels & Resorts Inc (NYSE:PK) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $39.75.

A number of equities research analysts recently commented on PK shares. SunTrust Banks upgraded Park Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research lowered Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, December 30th. Nomura upped their target price on Park Hotels & Resorts from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Deutsche Bank upped their target price on Park Hotels & Resorts from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Evercore ISI upgraded Park Hotels & Resorts from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th.

A number of institutional investors have recently added to or reduced their stakes in the business. QS Investors LLC boosted its position in Park Hotels & Resorts by 0.3% in the 2nd quarter. QS Investors LLC now owns 7,535 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 22 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Park Hotels & Resorts by 19.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 12,466 shares of the financial services provider’s stock valued at $344,000 after buying an additional 2,029 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Park Hotels & Resorts by 0.9% during the 4th quarter. California State Teachers Retirement System now owns 242,685 shares of the financial services provider’s stock valued at $6,977,000 after buying an additional 2,278 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Park Hotels & Resorts by 51.9% during the 3rd quarter. Parallel Advisors LLC now owns 7,273 shares of the financial services provider’s stock valued at $209,000 after buying an additional 2,484 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Park Hotels & Resorts by 12.0% during the 3rd quarter. Amalgamated Bank now owns 25,956 shares of the financial services provider’s stock valued at $715,000 after buying an additional 2,791 shares in the last quarter.

Shares of Park Hotels & Resorts (NYSE PK) traded up $0.07 during midday trading on Friday, reaching $27.27. The company had a trading volume of 1,758,383 shares, compared to its average volume of 1,676,212. The stock has a market capitalization of $5,790.00 and a price-to-earnings ratio of 2.27. Park Hotels & Resorts has a 52-week low of $24.65 and a 52-week high of $29.93. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.50.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 8.07%. The ex-dividend date was Thursday, December 28th. This is a positive change from Park Hotels & Resorts’s previous quarterly dividend of $0.43. Park Hotels & Resorts’s dividend payout ratio is currently 18.32%.

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About Park Hotels & Resorts

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.

Analyst Recommendations for Park Hotels & Resorts (NYSE:PK)

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