News stories about Park Hotels & Resorts (NYSE:PK) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Park Hotels & Resorts earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.444375175186 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Park Hotels & Resorts Inc. (PK) Director Stephen I. Sadove Buys 9,600 Shares (americanbankingnews.com)
- Park Hotels & Resorts Inc. (NYSE:PK) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
- Q4 2017 EPS Estimates for Park Hotels & Resorts Inc. (PK) Lifted by SunTrust Banks (americanbankingnews.com)
- Park Hotels & Resorts’ (PK) CEO Tom Baltimore on Q2 2017 Results – Earnings Call Transcript (msn.com)
- Park Hotels & Resorts relocating Tysons headquarters (bizjournals.com)
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Park Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Susquehanna Bancshares Inc assumed coverage on shares of Park Hotels & Resorts in a report on Wednesday, April 26th. They set a “neutral” rating and a $28.00 price objective on the stock. UBS AG assumed coverage on shares of Park Hotels & Resorts in a report on Wednesday, April 26th. They set a “neutral” rating on the stock. Canaccord Genuity cut their price objective on shares of Park Hotels & Resorts from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Park Hotels & Resorts in a report on Thursday, June 15th. They set an “overweight” rating and a $30.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Park Hotels & Resorts has a consensus rating of “Hold” and an average price target of $34.80.
Shares of Park Hotels & Resorts (NYSE PK) opened at 26.10 on Friday. Park Hotels & Resorts has a 52-week low of $24.65 and a 52-week high of $30.74. The company’s 50-day moving average is $26.83 and its 200-day moving average is $26.56. The firm has a market cap of $5.61 billion and a P/E ratio of 2.24.
Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The firm had revenue of $733 million for the quarter, compared to the consensus estimate of $716.51 million. The business’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Park Hotels & Resorts will post $11.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Thursday, September 28th.
In other Park Hotels & Resorts news, major shareholder Hlt Holdco Iii Prime Llc sold 15,000,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $26.05, for a total value of $390,750,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen I. Sadove purchased 9,600 shares of the stock in a transaction on Friday, August 4th. The stock was bought at an average price of $25.97 per share, for a total transaction of $249,312.00. Following the completion of the transaction, the director now directly owns 20,151 shares of the company’s stock, valued at $523,321.47. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.
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.
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