Park Hotels & Resorts (PK) PT Raised to $30.00

Park Hotels & Resorts (NYSE:PK) had its price objective lifted by Deutsche Bank from $29.00 to $30.00 in a report published on Friday morning. Deutsche Bank currently has a hold rating on the financial services provider’s stock.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Park Hotels & Resorts from a hold rating to a sell rating in a research report on Saturday, December 30th. SunTrust Banks upgraded shares of Park Hotels & Resorts from a hold rating to a buy rating in a research report on Thursday, December 21st. Evercore ISI upgraded shares of 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 shares of Park Hotels & Resorts from $32.00 to $33.00 and gave the company a buy rating in a research report on Monday, November 6th. Finally, Boenning Scattergood reiterated a buy rating on shares of Park Hotels & Resorts in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $36.25.

Park Hotels & Resorts (NYSE:PK) opened at $27.08 on Friday. Park Hotels & Resorts has a 52-week low of $24.65 and a 52-week high of $29.93. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $5,820.00 and a P/E ratio of 2.25.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.55 dividend. This is a boost from Park Hotels & Resorts’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.20 annualized dividend and a dividend yield of 8.12%. Park Hotels & Resorts’s dividend payout ratio (DPR) is currently 18.32%.

Institutional investors have recently modified their holdings of the company. American International Group Inc. grew its holdings in shares of Park Hotels & Resorts by 170.0% in the fourth quarter. American International Group Inc. now owns 4,773 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 3,005 shares during the last quarter. Omnia Family Wealth LLC grew its holdings in shares of Park Hotels & Resorts by 172.1% in the fourth quarter. Omnia Family Wealth LLC now owns 5,025 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 3,178 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Park Hotels & Resorts in the third quarter worth approximately $179,000. Hollencrest Capital Management bought a new position in shares of Park Hotels & Resorts in the fourth quarter worth approximately $207,000. Finally, Parallel Advisors LLC grew its holdings in shares of Park Hotels & Resorts by 51.9% in the third quarter. Parallel Advisors LLC now owns 7,273 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 2,484 shares during the last quarter.

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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.

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

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